The ACA mandate is administered by the Internal Revenue Service so employers must be prepared for not only traditional wage and hour audits, but also IRS audits. Accurate records and reports are a must.
Livonia, MI (PRWEB) April 04, 2014
Attendance on Demand, Inc. is pleased to announce features that assist employers with determining their Applicable Large Employer status, calculating full-time equivalent (FTE) contribution by seasonal and part-time workers, and reporting employee status change histories.
Companies will benefit from the automation of the complex formulas for employee full-time status determination. Attendance on Demand applies employee measurement periods, determines service hour averages, and recommends status designations for employees. Industries such as retail, hospitality, and healthcare, have a particularly tough situation due to variable-hour workforces. Scheduling difficulties, unanticipated demand, and employee absences can cause shift changes that easily, and often unknowing, transition a part-time employee’s status to full time.
Attendance on Demand provides employers with alerts in real-time when employees approach the full-time threshold. They no longer need to rely on after-the-fact reporting. Employee weekly and monthly service hour averages and employee status edits are archived. This gives employers the information needed to quickly respond to inquiries and compliance audits.
“The Affordable Care Act presents employers with significant challenges,” said Beth Baerman, Director of Communications at Attendance on Demand, Inc. “The ACA mandate is administered by the Internal Revenue Service so employers must be prepared for not only traditional wage and hour audits, but also IRS audits. Accurate records and reports are a must.”
About Attendance on Demand, Inc.
Attendance on Demand employee time and attendance service supports the labor management needs of thousands of companies and over a half million employees across North America. Launched in 2006, Attendance on Demand is a rapidly deployed, cloud-based solution that minimizes a company's risk and technology investment while providing advanced features for securely managing labor data — calculating pay rules, scheduling employees, budgeting labor, and automating record keeping for labor law compliance. With standard uptime over the industry average of 99.995% and above average customer retention rates Attendance on Demand removes the worry of maintaining expensive infrastructure. An extensive North American distribution network helps organizations use Attendance on Demand to reduce labor expenses and improve decision-making.