The closer Obamacare gets to full implementation, businesses get more creative in finding ways to wriggle out of it.
The Affordable Care Act, otherwise known as Obamacare, has many businesses scrambling to find ways to free themselves from the new regulations.
As reported in an article by Sally Pipes for Forbes.com—U.S. Companies Engage In Financial Jiu-Jitsu To Get Around Obamacare—companies are “wasting no time finding ways to free themselves from the law’s strictures.”
Cutting hours, moving people to part-time and hiring contract workers are some ways companies are skirting the mandate. The new law, which goes into full force on Jan 1, 2014, requires that businesses with more than 50 employees offer health insurance to employees that work over 30 hours a week or face fines.
Continue reading “Small Business Gets Creative in Response to Obamacare”
Employees are expensive, and when they spend time on non-work-related tasks, they are even more costly—to the tune of billions in lost productivity.
Office workers spend hours online, and the business liability insurance company BOLT developed this infographic to show how much time American workers waste during an average workday.
According to BOLT, employees that spend time on “non-work tasks” cost their employers nearly $134 billion a year.
The largest time-wasters at work:
- Browsing the Web
- Communicating on social networks
- Watching sports
Sports represent a large chunk of lost work time, where businesses lose nearly $1.1 billion a week in time spent on fantasy football teams.
According to the employees surveyed, online activities are not the only way to waste a workday. Many “work-related” tasks are just as wasteful:
- Attending ineffective meetings
- Fixing others’ mistakes
- Putting up with gabby co-workers.
According to BOLT, 43 percent of employees say they waste time having to settle warring sides in conflicts about office politics.
With that in mind, it’s not surprising that almost half of workers (46 percent) say they use the time from 9 to 5 to search for another job. That could also be the basis for the popularity of LinkedIn.
Second only to Facebook, the professional networking site beats out Google, Yahoo, Twitter and Amazon as sites employees admit to surfing to during work hours.
Infographic after the jump…
Continue reading “Wasting Away: Non-Work Activities Cost Employers Billions in Lost Productivity [Infographic]”
THE COST OF EMPLOYEE HEALTH BENEFITS & EMPLOYEE HEALTH BENEFITS SELECTION
Employee benefits and annual enrollment may not be the glamorous part of human resources, but they are essential to retaining employees. Paycom has put together a great infographic representation below (or you can view here). Some of the statistics are surprising.
- For those that implement annual enrollment, HR professionals admit that planning and executing a successful campaign takes up 50% of their time at work.
- And while HR professionals are deeply immersed in annual enrollment, our employees are not. Sixty-five percent of employees admit that they are not prepared for making their employment benefit selections.
- Bad decisions are costly for employees which is why employees must be communicated about employer benefit coverage changes and offerings over and over and over again. Employees on average waste $750 a year of their salary on benefit selection errors.
Infographic after the jump… Continue reading “$750 a Year Wasted In Benefit Errors [Infographic]”
This post is taken from a Facebook exchange earlier today.
The topic is Obama calling for ALL insurance providers to cover contraception—including faith based medical providers: Continue reading “Oh Brother!: Fun With Conservatives”