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Manage Affordable Care Act (ACA) Compliance With The Kronos Full-Time/Part-Time Analysis Report

October 3rd, 2013 at 1:58 pm

Manage ACA Compliance by Analyzing Data About Average Hours Worked by Employees

With the Employer Shared Responsibility provisions (also called the “Pay or Play” mandate) of the Affordable Care Act (ACA) scheduled to take effect on January 1, 2015, the countdown is on to prepare for upcoming changes. After all, some of your current part-time employees may soon be classified as full time for ACA purposes, making them eligible for healthcare benefits – at your expense. That’s why it’s time to develop a strategy that will help your organization manage ACA compliance and its potential cost impact. Determining the optimal ACA strategy starts with analyzing your full-time/part-time employee mix and how changes to that mix may affect critical business outcomes.

The Kronos Full-Time/Part-Time Analysis Report streamlines the process of determining your employees’ status and, therefore, their eligibility for healthcare coverage under the ACA. This report provides accurate, detailed labor information that will help you figure out the right mix of full-time and part-time employees to support your ACA compliance strategy – without compromising service levels, workforce satisfaction, or bottom-line results.

Determine a best-fit approach to ACA compliance

With the “Pay or Play” implementation deadline rapidly approaching, it’s critical that your organization’s approach to ACA compliance be determined as soon as possible. But since your decision will have a significant impact on how you provide healthcare benefits to employees, you want to make the best choice – both initially and moving forward – based on accurate, reliable data. The Full-Time/Part-Time Analysis Report can help your organization arrive at the optimal full-time/part-time employee mix to support your ACA strategy and to monitor employees’ status over time for ongoing compliance.

Key Features

  • GAIN DETAILED VISIBILITY

    into employees’ work hours for the look-back, stability, and monitoring periods*

  • CALCULATE AVERAGE WEEKLY WORKING HOURS

    for a selected time frame

  • DISTINGUISH BETWEEN EMPLOYEES

    who have completed their first full year of work and those who started work within the previous 12 months

  • DETERMINE WHICH EMPLOYEES

    have crossed the 30-hour threshold

  • MONITOR FULL- OR PART-TIME STATUS

    for ACA purposes

  • USE STANDARD HYPERFIND™ QUERIES

    to filter employees who appear in the report output

  • FILTER REPORT OUTPUT

    based on employees’ average weekly working hours

 

KronosAnalysisReportArrows

 

Kronos Full-Time/Part-Time Analysis Report

 

Are You Prepared for The Affordable Care Act?

The Employer Shared Responsibility provision (the “Pay or Play” mandate) of the Affordable Care Act is scheduled to take effect on January 1, 2015. By starting to monitor key data such as employees’ hours worked now, you can ensure that you will have the information you need to determine the most cost-effective ACA strategy.

For more information on the Affordable Care Act, visit these sources:
www.kronos.com/ACA
www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions-Home
www.dol.gov/ebsa/healthreform/
www.healthcare.gov

To view a PDF or print a copy of the Kronos® Full-Time/Part-Time Analysis Report data sheet, click here.

 

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