Because of the new Health care Law, many businesses will be scrambling to ready themselves in 2013 for heavy fines that will begin in 2014. They don't have much times or options other than to decrease hours on employees and/or freeze hiring to keep below the 50-employee threshold:
The so-called employer mandate to offer health coverage doesn't take effect until Jan. 1, 2014. But to determine whether employees work enough hours on average to receive benefits, employers must track their schedules for three to 12 months prior to 2014 — meaning many are restructuring payrolls now or will do so early next year.
About a quarter of businesses surveyed by consulting firm Mercer don't offer health coverage to employees who work at least 30 hours a week. Half of them plan to make changes so fewer employees work that many hours.
The health care law will particularly affect companies with 40 to 45 workers that plan to expand and hire. Many are holding off so they don't cross the 50-employee threshold, says Christine Ippolito, principal at Compass Workforce Solutions, a human resource consulting firm in Melville, N.Y.
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