Simplify Affordable Care Act Compliance Using an Automated Time-Tracking System
Simplify Affordable Care Act Compliance Using an Automated Time-Tracking SystemIt’s coming. New Affordable Health Care Act (ACA) regulations take effect soon, and employers are scrambling to be ready.
If your company has an automated time-tracking system in place, you’ve already got an enormously helpful tool. And if you’re still relying on manual timesheets, it’s another reason to consider automation.
That’s because electronic time-tracking systems give employers a huge head start on health care reform. After all, these systems are already tracking the very same numbers that determine an employer’s ACA requirements.
For example, how many full-time workers do you employ (based on the ACA definition of ‘full time,’ which may not match your own)? How many part-timers? And how many hours do those part-timers work per week/month?
With automated time-tracking, these numbers are at an employer’s fingertips. And that makes it easier to:
- Determine if and how ACA regulations apply
- Assess employee eligibility
- Identify costs and evaluate options
And because most time and attendance systems include analytics and reporting features, they also help employers track their ongoing ACA compliance and provide documented proof of their compliance efforts, which will be essential going forward.