The Oregon Biz Report - Business News from Oregon

Read about accutane journal moderate acne here

Obamacare is changing how businesses hire in 2013

January 4, 2013

Chamber-of-commerce
By U.S. Chamber of Commerce

Because of the health care law, 2013 may not be good for hiring. USA Today reports:

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.

Those companies on the cusp of having 50 full-time workers will hold back on hiring so as to not get hit with the employer mandate. As explained by Mary Miller, CEO of JANCOA Janitorial Services, a Cincinnati, OH company, firms could also shift to more part-time workers.

This isn’t good for those wanting full-time work and those businesses that will have the added management challenge of more part-time workers. Slowly we are becoming a nation of part-time workers.

  
Print This Post Print This Post    Email This Post Email This Post

Discuss this article

urgent medical care March 6, 2013

Since various health care programs are being introduced in several regions of America most of the victims are getting sufficient health care service within an affordable cost. Under these health care acts not only people are getting affected but also most number of business organizations gets affected a lot.

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Articles

Press Releases



Top Business News

 

Top Women's News

 

Top Natural Resource News

 

Top Faith News

 

Copyright © 2016, OregonReport. All Rights Reserved. | Terms of Use - Copyright - Legal Policy | Contact Oregon Report

Stay Tuned...

Stay up to date with the latest political news and commentary from Oregon Business Report through daily email updates:

Delivered by FeedBurner

Prefer another subscription option? Subscribe to our RSS Feed, become a fan on Facebook, or follow us on Twitter.

RSS Twitter Facebook

No Thanks (close this box)