Is Your Contingent Workforce Prepared? The start of 2014 will be a landmark day as the Affordable Care Act goes into effect. In just six months, organizations across all industries must be prepared to make difficult decisions regarding the healthcare benefits offered to their employees. Buyers of staffing, in particular, feel the ramifications of the new legislation as there is much yet to be announced regarding the Act. The question on everyone’s mind is what they can do NOW to prepare. Below are some key points to get you started thinking about what you need to consider before this Act is implemented.
Communication. The key to any partnership is communication. With such significant changes coming with the implementation of the Affordable Care Act, it is imperative that the lines of communication with your staffing suppliers are open. Start early and speak often. Have open discussions with your staffing supplier to develop an early game plan regarding the upcoming costs. An added benefit is idea sharing and your staffing supplier has insight into how the staffing industry as a whole is handling the transition. Do your part by talking to others in your industry to see how they are managing the change as well.
Stay abreast of the news. There is still a generous amount of ambiguity in the Affordable Care Act and one of the keys in preparing for January 1 is to stay educated and informed. We anticipate further clarity even after the law goes into effect, and becoming an educated buyer will empower you to make the best decisions and avoid undue penalties. View the Corporate United webinar hosted by staffing supplier and partner, Populus Group, to learn key definitions and dates to prepare your organization. Important questions, like the impact these provisions will have on your contingent labor costs and the ramifications of pay or play were explained.