Keep on Top of “FTE” Employees for ACA Requirements
The ACA Says…
Employers with 50 or more “full-time equivalent” employees, or “FTEs,” are subject to ACA requirements based on prior year headcounts and hours.
Okay, what’s an FTE?
While the ACA defines full time employees as those who work an average of 30 hours or more per week, employers must also convert part-time work hours to full time equivalence.
How EPAY Can Help
Tracking employee headcounts and hours are the key to determining whether employers are subject to ACA law.
Each year, all employers, regardless of size, must perform new FTE calculations.
EPAY’s time-tracking system will do just that.
We offer a range of time-keeping devices and methods—from biometric time clocks to mobile apps—so we can track employees anywhere.
Our system not only tracks and tallies work hours for you, but keeps you on top of your FTEs, thanks to our:
- FTE Calculator — With the push of a button, you can calculate how many FTEs you have during any given time period. In the event of an audit, print the results of the calculator for credible proof that you’re tracking FTEs.
- ACA Dashboard — Our live Dashboard allows you to keep an eye on how FTE totals are trending, so you can plan for your future exposure, while allowing you to view FTE status on a weekly basis.
Want even more information on how to deal with Affordable Care Act? Download our report ‘The Affordable Care Act, Your Distributed Workforce, and How to Take Control’!
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