Healthcare reform is here to stay and it is contributing to an explosion of part-time workers, even as the government continues to tweak ACA definitions and deadlines. And while the employer mandate has been delayed until 2015, effective January 1, 2014, individuals are required to have health insurance or face fines.
The government recently provided the definition of a full-time employee, which set wheels in motion for employers in the restaurant, staffing, retail, hotel and all of the other service industries where part-time employees are prevalent. While the delayed employer mandate will impact some employers, many will find it advantageous to manage their employees to fewer than 30 hours per week, exempting them from the penalty arriving in 2015. Several well-known large employers have already suggested they may cease hiring full-time hourly workers and begin transitioning to part-time employees to avoid having to provide these employees with health insurance. Many employers with part-time employees will discontinue offering insurance and encourage their part-timers to purchase coverage through the exchanges. These employees look to their employer for solutions and even if the benefits are voluntary, employees appreciate the knowledge of an HR department, the ease and pre-tax benefits of payroll deduction, and the education that comes with a common benefit structure among a large number of co-workers.
How can you attract and retain the best part-timer workers when you aren't offering major medical coverage? This session will review which companies are affected by the ACA mandate, calculating full-time vs. part-time workers, the financial impact of not offering coverage (pay vs. penalty), options for part-time employees, and best practices for managing your part-time employee population.
Who Should Participate
HR Professionals, especially those with part-time employees
What You Will Learn
Please join us as members will walk away with the following:
How to calculate and track variable hour (part-time) employees.
How to successfully implement and administer benefits for part-time workers
How to communicate effectively with your part-time/variable hour employee workforce.
Fringe Benefit Group originated the offering of bona fide benefit plans for Davis-Bacon and Service Contract Act contractors. We specialize in the prevailing wage market and have worked with government contractors for over 30 years.
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