|[January 14, 2013]
PPACA Highlights Need for Kronos Workforce Management Solutions
CHELMSFORD, Mass. --(Business Wire)--
Mandatory compliance with the Patient Protection and Affordable Care Act
has become a certainty for all U.S. employers. All organizations -
particularly those with part-time workers - now face the challenge of
ensuring compliance and absorbing the anticipated costs of PPACA without
jeopardizing bottom-line results.
recent study conducted by Mercer on the impact of PPACA found that
60 percent of respondents expect an increase in costs and one-third of
those expect an increase of five percent or more1.
Incorporated can help organizations manage their bottom line while
complying with the new PPACA requirements by:
Providing accurate information about average hours worked by
full-time and part-time employees to comply with PPACA regulations.
Delivering timely analysis of employee benefit eligibility, thus
improving compliance and reducing financial penalties.
Monitoring an organization's workforce by analyzing schedules,
time records, and benefits enrollment in real time.
Notifying the appropriate agencies of PPACA compliance through
audting and reporting built into the workforce management suite.
Paul DeCamp, partner, Jackson Lewis LLP
organizations had been taking a wait-and-see approach to PPACA
compliance. Now that the election is over, it would be prudent for
employers to get a strategy in place and develop tools and processes
to comply before the 2014 deadline."
Jim Kizielewicz, senior vice president, Kronos (News - Alert)
leveraging Kronos workforce management solutions, organizations can
more effectively manage their largest controllable expense and biggest
asset: labor. Organizations that have automated their workforce
management processes will be better prepared to combat the near-term
impacts of the PPACA."
About Kronos Incorporated
Kronos is the global leader in delivering workforce management solutions
in the cloud. Tens of thousands of organizations in more than 100
countries - including more than half of the Fortune 1000® -
use Kronos to control labor costs, minimize compliance risk, and improve
workforce productivity. Learn more about Kronos industry-specific time
and attendance, scheduling, absence management, HR and payroll, hiring,
and labor analytics applications at www.kronos.com.
Kronos: Workforce Innovation That Works™.
© 2013 Kronos Incorporated. All rights reserved. Kronos is a registered
trademark of Kronos Incorporated or a related company. All other
trademarks are property of their respective owners.
1 Healthcare Reform After the Decision: Mercer's Series of
Surveys on Health Care Reform, August 2012
[ Back To TMCnet.com's Homepage ]