How Working With a Staffing and Recruiting Firm Can Help You Comply With the Affordable Care Act (ACA)
Healthcare reform is all over the news these days. By now, you’re probably aware that the Affordable Care Act, or ACA has brought major changes to the benefits packages businesses provide to their employees.
For those organizations that exceed the headcount thresholds established by ACA, planning for ACA regulations should already be underway. Currently, the US Treasury Department notes that roughly 96 percent of small businesses have less than 50 employees, thus excluding them from these regulations. Penalties for not complying with the ACA promise to be harsh.
Feeling a bit overwhelmed by the ACA? You’re not alone.
Many organizations need a little help managing the change, and a staffing recruiting partner like The SPARKS Group are equipped to do just that! Here are three ways staffing and recruiting firms can help you successfully make the transition, and ensure compliance with the Affordable Care Act.
- Creating a Staffing Plan - Your staffing partner can work with you to create a more efficient staffing solution. Perhaps you’re increasing your risks by employing many workers full time when you actually only need them on a contract, seasonal, or part-time basis? The ACA only applies to employees working more than 30 hours per week, so you may be able to cut costs this way.
- Utilizing Temporary/Contract Staff - As the employer of record, the staffing firm is responsible for providing benefits, paying the federal, state and local statutory taxes and fees for their temporary/contract employees, including those associated with the ACA. For positions and business areas where workers are not needed on a permanent, full-time basis, significant cost savings can be realized by utilizing temporary and contract employees.
- Advisement Services - If you’re feeling a bit confused and overwhelmed by the rules and regulations associated with the Affordable Care Act, seeking assistance from a staffing and recruiting partner like Sparks Group can help you understand how the changes will impact your organization. Rather than worrying that you’re not compliant, work with your staffing expert to ensure you’re following the proper procedures.
Note: For the most up-to-date information on the ACA you can also visit the American Staffing Association's ACA Resources for Staffing page. To download ASA's "Special Report on the Affordable Care Act" click here.