Green Energy
From the USA Today:
- "i Don’t Think The Employer Mandate Will Go Into Effect”
Former WH press secretary Robert Gibbs, speaking to a crowd in Colorado yesterday.Holee shit.In February, the Obama Administration announced the second delay to the mandate, which requires certain businesses to either offer their full-time employees insurance...
- Companies Not Allowed To Make Workforce Adjustments Under Latest Obamacare Rewrite Unless They Can Justify It To The Irs
Image from Bosch Fawstin Here' we see the government assumes the responsibility to approve or deny corporations ability to hire and fire workers. Once again acting without Congress, President Obama has unilaterally changed his signature health insurance...
- White House Delays Health Insurance Mandate For Medium-sized Employers Until 2016
WaPo:The Obama administration announced Monday it would give medium-sized employers an extra year, until 2016, before they must offer health insurance to their full-time workers.By offering an unexpected grace period to businesses with between 50 and...
- Behold The Part-time Worker Society: "we Won't Start Hiring Full-time People"
From Tyler Durden: Once again, as always happens with a very substantial delay, two themes that have been covered extensively on these pages in the past much to the ridicule of the mainstream media, namely that while the US may have "No Manufacturing...
- Us Business Hits Out At ‘obamacare’ Costs
From the Financial Times: (FT) – US retailers and restaurants chains that employ millions of low-wage workers are considering cutting working hours or paying fines rather than enrolling employees in health insurance plans under Barack Obama’s landmark...
Green Energy
Companies are Cutting Back Hours, Avoiding Hiring, To Avoid Obamacare Mandate
It sure is great Barack Obama loves us so much that he gave us all Free Health Care.
From the USA Today:
Many businesses plan to bring on more part-time workers next year, trim the hours of full-time employees or curtail hiring because of the new health care law, human resource firms say.
Their actions could further dampen job growth, which already is threatened by possible federal budget cutbacks resulting from the tax increases and spending cuts known as the fiscal cliff.
"It will have a negative impact on job creation" in 2013, says Mark Zandi, chief economist of Moody's Analytics.
Under the Affordable Care Act, businesses that employ at least 50 full-time workers — or the equivalent, including part-time workers — must offer health insurance to staffers who work at least 30 hours a week. Employers that don't provide coverage must pay a $2,000-per-worker penalty, excluding the first 30 employees.
The so-called employer mandate to offer health coverage doesn't take effect until Jan. 1, 2014. But to determine whether employees work enough hours on average to receive benefits, employers must track their schedules for three to 12 months prior to 2014 — meaning many are restructuring payrolls now or will do so early next year.
About a quarter of businesses surveyed by consulting firm Mercer don't offer health coverage to employees who work at least 30 hours a week. Half of them plan to make changes so fewer employees work that many hours.
The health care law will particularly affect companies with 40 to 45 workers that plan to expand and hire. Many are holding off so they don't cross the 50-employee threshold, says Christine Ippolito, principal at Compass Workforce Solutions, a human resource consulting firm in Melville, N.Y.
Ernie Canadeo, president of EGC Group, a Melville-based advertising and marketing agency with 45 employees, planned to add 10 next year but now says he may add fewer so he's not subject to the mandate. Still, he says, he'll eventually have to hire more workers to grow. "If business demands that I hire, then I have to hire," he says.
Others already over the 50-employee threshold plan to add more part-time workers or cut the hours of full-timers, says Rob Wilson, head of Employco, a human resource outsourcing firm. Many, he says, will hire more temporary workers, whom they won't have to cover.
Nearly half of retailers, restaurants and hotels will be affected by the law, according to Mercer. They employ large numbers of part-time and seasonal employees, including many who work about 30 hours a week.
- "i Don’t Think The Employer Mandate Will Go Into Effect”
Former WH press secretary Robert Gibbs, speaking to a crowd in Colorado yesterday.Holee shit.In February, the Obama Administration announced the second delay to the mandate, which requires certain businesses to either offer their full-time employees insurance...
- Companies Not Allowed To Make Workforce Adjustments Under Latest Obamacare Rewrite Unless They Can Justify It To The Irs
Image from Bosch Fawstin Here' we see the government assumes the responsibility to approve or deny corporations ability to hire and fire workers. Once again acting without Congress, President Obama has unilaterally changed his signature health insurance...
- White House Delays Health Insurance Mandate For Medium-sized Employers Until 2016
WaPo:The Obama administration announced Monday it would give medium-sized employers an extra year, until 2016, before they must offer health insurance to their full-time workers.By offering an unexpected grace period to businesses with between 50 and...
- Behold The Part-time Worker Society: "we Won't Start Hiring Full-time People"
From Tyler Durden: Once again, as always happens with a very substantial delay, two themes that have been covered extensively on these pages in the past much to the ridicule of the mainstream media, namely that while the US may have "No Manufacturing...
- Us Business Hits Out At ‘obamacare’ Costs
From the Financial Times: (FT) – US retailers and restaurants chains that employ millions of low-wage workers are considering cutting working hours or paying fines rather than enrolling employees in health insurance plans under Barack Obama’s landmark...