(GLOBE NEWSWIRE) — The Affordable Care Act (ACA) has left employers across America dealing with a murky mix of looming requirements and deadlines that impact businesses’ health benefits, administrative processes, reporting responsibilities, employee staffing and ultimately the bottom line. Today Paycom released an infographic designed to aid businesses looking to navigate the uncharted waters of ACA compliance.
While Paycom and other payroll providers cannot change compliance obligations, Paycom’s unique and propriety human capital management technology was designed to help ease the compliance burden.
“We realize the impact the Affordable Care Act has on employers and are dedicated to providing the tools to empower businesses to navigate health care reform today and in the future,” Paycom CEO and Founder Chad Richison said.
The ACA – signed into law on March 23, 2010 – has already begun to impact employer reporting requirements and will continue to roll out additional compliance obligations over the next few years. Paycom’s infographic illustrates the employer obligations under this new legislation and how the right HR technology can help mitigate exposure.
Below are a few key compliance issues. Full details can be found in the infographic: “Complying with the ACA requirements will have a significant impact on employers as they see increases in health care benefit plan costs and the potential for penalties can directly impact a businesses’ bottom line. Having the right HR technology can ease the burden of ACA compliance,” Richison concluded.
Paycom’s single-application technology empowers employers to easily track and report employee data for all FEINs, making Paycom the industry choice for compliance.
For more information:
Kathy Oden-Hall
Chief Marketing Officer
800.580.4505 or c. 405.603.4401 405.203.5742
kathy.oden-hall@paycomonline.com
Oklahoma City-based Paycom www.PaycomOnline.com
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