Summary: Comprehensive Benefit Package

Healthcare system are employee sponsored insurance is not portable, overworked interns, residents, and nurses causing fatigue and burn out, and cost. Once an employee is no longer employed at an establishment he or she loses all health care benefits. This is such a disservice since the employee has paid into benefits and no longer has coverage (Goodman, 2016). Once the employee finds employee there is a period in which they are uninsured until benefits kick in. If anything happens during this time it is an out of pocket expense. Many healthcare workers are overworked causing fatigue and burn out. More staff could help relieve this problem. Lastly, the cost of healthcare is very expensive. In fact in the U.S. we pay more for healthcare than any other modern society. If we do not find solutions spiraling cost will bankrupt companies and force individuals to drop coverage, destroy long term viability of Medicare and Medicaid (Goodman,

Offer a competitive benefits package that fits your employees’ needs. Providing health insurance, life insurance and a retirement-savings plan is essential in retaining employees and bonuses. But other perks, such as flextime and the option of telecommuting, go a long way to show employees you are willing to accommodate their outside lives.

Employers who were required to offer health insurance to part time workers may no longer be required to do so. Because it is expensive for companies to offer health insurance, they may choose to no longer provide this service to their part time employees. Additionally, coverage for full time employees may be reduced to become more expensive due to these changes. This may make it difficult for people who have health insurance through their current employer to find new work, as health insurance may be difficult to find.

were already providing health insurance because we’re in a competitive market and that helps us to retain and recruit good employees,” the Sacramento-based small business owner said, . One benefit for small businesses are tax credits“For us it was just good business. But pretty quickly we saw that our firm could benefit from the law. What appealed to us about the ACA were the tax credits and other financial incentives” (Taylor, 3), “A tax credit is an amount of money a taxpayer is able to subtract from taxes owed to the government” (investopedia.com , 1). this is good because businesses that barely make any money don't have to pay much taxes and they can maybe get more popularity due to the money they are saving. This is one example of how the ACA helps Small Businesses since …“ObamaCare creates the Small Business Health Options Program or SHOP, a part of each State’s Health Insurance Marketplace, where small businesses with 50 full-time equivalent employees or fewer can shop for group health plans. Starting on November 15th, 2015 those with 100 full-timers or less can use the SHOP” (www.obamacarefacts.com ,2 ). Small businesses are not required to provide health insurance to their employees if they wish because “... the answer is no. Under the Affordable Care Act, businesses with fewer than 50 full-time equivalent employees are not required to provide health insurance to their employees, and those employers will not face tax penalties if they decide not to offer their employees health insurance” (resources.ehealthinsurance.com, 1).This is good that very small businesses have the freedom not to get insurance because some businesses need to save money because of the expensive previous health care. Despite it being affordable, ObamaCare has given the freedom for small businesses to not give healthcare to employees. “Since health insurance for small business isn’t mandatory under the ACA, small

Employment: Working all day improves the probability of having insurance, however one in seven all day employee (15.0%) was still uninsured. Uninsured rates were higher among those with a minor connection to the work compel. Over a quarter (28.5%) of low maintenance employees were uninsured, an indistinguishable rate from among the individuals who were

But what happens when companies start to come close to the 50 employee point? They will cut employees’ hours back to a part-time status to 30 hours in order to stay afloat (Stevens & Harler, 2012). On top of this, employees who

Recently, the Affordable Care Act (ACA) celebrated six years since the law’s passage. During that time, there have been many debates and slow changes to the United States healthcare system. One area that has been debated is in regards to employer-based health insurance along with the advantages and disadvantages in providing this type of coverage. Since there is more information about the expansion of health insurance options and how the exchange sponsored insurance plans are functioning, the discussion on if employer-based health insurance is beneficial or detrimental will be examined.

One of the biggest problems small employers face today is the steadily rising costs of health coverage for its employees. This paper covers how health care premiums have risen in double digits for the past five consecutive years, how many small businesses are forced to drop health care coverage for their employees because of the out of control costs, and what small businesses are doing to control the costs and still offer health care coverage to their employees.

Before part-time studies were introduced in institutions, employed people were suffering because they got no other alternative that they go for to pursue their studies. Since they only have time after 5 o’clock when they knock off and during the weekends. When part-time implemented, many

This program the most struggle in the Personnel Cost and Allocation area because two items, Benefits and Staffing Patterns and Scheduling, in this area have lowest scores and third item achieved just a middle score. These very poor results in this area can dramatically reflect on quality of program. Therefore, the program provides some benefits such as 6 paid sick/personal days per year and receives 5 or more paid vacation days during their first year of employment, the number of vacation days not increase with increasing years of employment. The program not provides vital benefits such as cover even portion of the cost for health insurance even for full-time staff and

If you work less than 40 hours per week you are considered part-time and you will have prorate vacation, holiday and sick time. Employees who work less than 15 hours per week are not benefit eligible.

The Affordable Care Act (ACA) set forth the strategy to ensure everyone had access to healthcare regardless of their income level. This pushed employers to provide insurance for employees, eliminate pre-existing conditions, provide a government subsidy for premium cost, and allowed children to remain on their parents insurance until the age of 26 (“Affordable Care Act|Medicaid.gov,” n.d.). However, the requirements surrounding the employer health coverage has not been easy to understand and has created a lot of miscommunication regarding full-time, part-time and part-time-as-needed hours and the requirement for health coverage. The Internal Revenue Service released tax code Section 49880H on December 28, 2013 detailing the requirements starting 2014 with the ACA for all full-time and/or full-time equivalent employee (employees working 30 hrs per week or 130 hrs per calendar month) to be offered a minimum level of affordable health coverage or pay a penalty (IRS Releases Proposed ACA…Responsibility, 2013). In addition, the detail regarding calculation

As a result of the Patient Protection and Affordable Care Act (PPAPC), organizations have changed their policies to cap the number of hours some of their employees work per week at 29. According to an April 2013survey conducted by the Society for Human Resource Management, 41% of small business owners said they have delayed hiring due to the federal healthcare law. One in five employers has already cut hours, while 20% have reduced payrolls. Could employers be making an error by possibly looking only at short-term rather than long-term goals? Research shows that employees who do not feel that they are paid enough or lose something due to no fault of their own have lower levels of commitment. As a result, these employees tend to display low morale, lower production output, and eventually tend to look for other employment.

The lengthy recession meant that employers could not afford to keep permanent staff and now they are understandably concerned about committing to full or even part-time contracts. Rodgers, E, (2013). The greater use of zero hours contracts is taking place against a background of falling real wages, high levels of workplace fear regarding redundancy, and unfair treatment for a significant minority, this

The argument intends to convince the employees of Yagan Systems that the current benefits package is too generous and that the additional funds resulting from a reduced package should be used to increase the training budget. Both suggestions are not particularly persuasive due to questionable assumptions as well as a lack of supporting evidence.