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PPACA Highlights Need for Kronos Workforce Management Solutions

Mandatory compliance with the Patient Protection and Affordable Care Act (PPACA) 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.

News Facts

  • A 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.
  • Kronos 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 auditing and reporting built into the workforce management suite.

Supporting Quotes

  • Paul DeCamp, partner, Jackson Lewis LLP
    “Many 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
    “By 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.”

Supporting Resources

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

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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