New York, NY (PRWEB) April 04, 2013
As the retail industry, which directly and indirectly employs one in four Americans, is currently trying to decipher the requirements and prepare for the impact of the Patient Protection and Affordable Care Act (ACA), commonly known as Obamacare, many are turning to cloud-based workforce management solutions. Workplace, a leader in cloud-based solutions for many of the country’s leading retailers, is actively involved in designing solutions to assist retailers to cost-effectively manage the impact of ACA.
Beginning in January 2014, employers with at least 50 associates must offer affordable health insurance to associates who work an average of 30 or more hours per week. These employers will be fined $2,000 per employee (excluding the first 30 employees) if they do not offer coverage for employees who average 30 or more hours per week.
“The impact of Obamacare as it relates to allowing retailers to effectively manage work schedules and maintain costs while staying within the legal guidelines of this legislation has been a significant concern expressed by many retailers,” Gary Myers, vice president of Workplace, explains. “While the impact won’t be seen until early next year, retailers are already struggling with how to effectively manage the work schedules of part-time employees, and this adds yet another consideration as they plan accordingly,” he adds.
Retailers, who employ a uniquely high number of part-time and seasonal associates and therefore may be at the highest risk of increased costs associated with ACA, are realizing that they need to better schedule and staff associates under the 30 hour benchmark to stay in accordance with this legislation and to avoid fines. Workforce management solutions provide retailers with better visibility to help ensure they are scheduling those employees who are contracted rather than incurring overtime or time that regularly puts employees over the 30 hour limit.
According to Myers, “Workplace’s cloud-based workforce management solution provides store managers with alerts when part-time associates approach the 30 hour threshold. Without a workforce management solution, there is little to no visibility until payroll goes through and in hindsight retailers could avoid these frustrating scheduling issues, increased costs and possible fines.”
In recent years, more and more retailers have turned to cloud-based workforce management solutions due to the significant benefits it provides to retailers looking to manage employee schedules while controlling costs and optimizing customer service. “The resulting impact of Obamacare and the need for compliance,” Myers concludes, “simply provides retailers with yet another reason to look at a cloud-based workforce solution.”
For more details on Workplace, please visit: http://www.workplacesystems.com
Workplace is the leading supplier of workforce management solutions in the cloud. With over 26 years’ experience in scheduling, forecasting and time and attendance, it is dedicated to making its clients' workforces simpler to manage. Workplace’s cloud-based solutions enable organizations to create competitive advantage through improved productivity, visibility and control of costs, sales growth, more engaged associates and better customer service. Workplace’s rapid implementation approach combined with its industry expertise and highly intuitive cloud-based solutions delivers a faster return on investment to its clients. With offices in the US, UK and Australia, Workplace clients include: Rite Aid, H&M, Next, Subway, Coral, Chelmsford Star Co-op, Metro Group, Wickes and World Duty Free. For more information please visit: http://www.workplacesystems.com.