As a construction manager, are you ready for the

Global Courant

Are you ready to provide affordable healthcare benefits to all of your full-time employees? Construction companies with 50 or more full-time employees can avoid the stress associated with providing medical benefits to skilled workers by hiring staff from cost-effective employment agencies.

Some contractors may choose to avoid all the complex work involved in providing health care to their full-time employees and instead pay the fine, believing it can be a cheaper alternative. However, this decision is likely to put a damper on your profits and could negatively impact your profit margin.

Another way owners and contractors are combating the rising costs of health care benefits is by converting some of their full-time workforce to part-time. This strategy can also backfire, as part-time workers can be less committed to their jobs and build quality suffers.

Advantages of hiring an employment agency:

Stress-free solutions for the new requirements. Many construction employment agencies offer benefits to their skilled workers and are already well prepared for the new 2014 legislation.

Keep your full-time employees under 50 and rely on part-time skilled labor from an employment agency.

Construction crew is easy. Many employment agencies are committed to providing the best skilled workforce in the construction market so that all of your staffing needs can be met quickly.

How will my business be affected?

The law requires everyone in the United States to purchase health insurance, whether individually or through their employer. If you fail to do so, you will have to pay a fine equal to the costs of taking out health insurance.

Companies with 50 or more full-time employees must provide each employee with health insurance or pay a fine of $2,000-$3,000 per employee.

No one will be denied health care coverage because of a pre-existing condition.

Annual policy limits for coverage are eradicated.

Lifetime policy limits will be abolished.

What is considered a full-time employee?

The Affordable Care Act defines a full-time worker as a person who works an average of only 30 hours per week, not 40 hours. 30 hours a week was considered part-time for most, but under this section of the law, companies must purchase health insurance if they have 50 or more employees who work an average of 30 hours a week. If a contractor fails to provide health benefits to full-time employees, fines will be imposed, and over time these fines are expected to increase as the impact of this mandate moves to the federal budget. With fines of about $2,000-$3,000 per employee, it’s important for contractors to identify which employees are full-time.

Contractors can avoid the problems associated with tracking employee hours by working with a temp agency. Choose an agency that offers a convenient solution for all new healthcare questions. Temporary construction workers add just the right amount of skilled labor to your workforce, saving you time and allowing you to focus on your goals and deadlines, which in turn saves money on your bottom line.

As a construction manager, are you ready for the

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