Affordable Care Act (PPACA):
Which Employers need to be compliant?: Employers with 50 or more employees (including organizations related by common control), when including full time employees plus part time employees converted into full-time equivalents (FTEs).
Which Employees are Eligible?: Any employee who works more than an average of 30 hours per week in a month is Full-Time for the ACA. There are safe harbors that an employer can choose when making this determination.
Solution: Symphony provides tools to automate the four key compliance components that an employer must monitor to avoid penalties:
- Is my organization a “large employer” under the ACA?
- Which Employees are full-time and require a health insurance offer?
- When does a new employee need an offer of health Insurance?
- Is each employee’s contribution “affordable” under the ACA?
Family Medical Leave Act (FMLA):
What Employers are covered: Employers with 50 or more employees (including organizations related by common control), within a radius of 75 miles, are required to provide Family Medical Leave.
Which Employees are Eligible?: Employees who have worked 1250 or more hours in the past 12 months of employment, have a covered condition and provide supporting documentation within 30 days of the time off, are eligible to take up to 480 hours of unpaid time off in blocks or short increments of time.
Solution: Symphony provides tools to automate the allocation, tracking, addressing and retro-active modification of FMLA leave based on the verification of trailing documentation.
Fair Labor Standards Act (FLSA) + State Wage & Hour laws:
Problem: According to Department of Labor statistics, more than 80% of all employers are non-compliant with federal and state wage & hour laws. The key areas of non-compliance that DOL has identified are:
- Unpaid overtime
- Underpaid overtime using a wage that is less than required
- Unpaid “Off-the-Clock” Work
- Unpaid Donning & Doffing Time
- Unpaid Travel
- Tip Calculations and/or Pooling Violations
- Attendance Documentation
In the current “internet” world of trolling lawyers, DOL target industries and employee access to internet education, employers need to focus on compliance or be prepared to pay the consequences.
Solution: Symphony offers tools to mange compliance to Federal and State wage and hour regulations in an automated fashion.