ROSELAND, N.J., Sept. 10, 2013 /PRNewswire/ -- ADP®, a
leading global provider of Human Capital Management (HCM)
solutions, today announced newly added features to its ADP
Workforce Now® platform designed to help midsized employers
simplify compliance with the Affordable Care Act (ACA).
Today's new features continue ADP Workforce Now's longstanding
history of successfully delivering functionality to support ACA
provisions and helping midsized businesses manage the employer
"shared responsibility" portion of the ACA.
Employers with 50 or more full-time equivalent employees on
their payroll during the previous calendar year have a "shared
responsibility" under the ACA to offer minimum essential coverage
to their full-time employees. Failure to meet this "shared
responsibility" will subject employers to penalties. The
enhancements announced today to ADP Workforce Now will help
businesses not only assess if ACA "shared responsibility" is
applicable to them with more than 50 full-time equivalents, but
also with workforce planning, eligibility, affordability and
enrollment reporting.
New ADP Workforce Now Enhancements Include:
- Determining Full-Time Employees: ADP Workforce Now
allows employers to proactively track the hours of service of their
employees to determine ACA full-time status, which is defined under
the ACA as employees who average 30 or more hours of service per
week or 130 hours or more per month.
- Measuring Full-Time Employee Status Using the Look-Back
Approach: ADP Workforce Now provides the ability for
employers to automatically calculate ACA full-time benefit status
using look-back measurement periods for various categories of
employees.
- Newly-Hired "Variable Hour" Employee Benefit Status
Reports: ADP Workforce Now helps employers assess whether
newly-hired "variable hour" employees meet ACA full-time benefit
status.
- ACA Affordability Testing: ADP Workforce
Now allows employers to easily track and confirm that full-time
employees do not contribute more than 9.5% of their projected W-2
wages for the lowest-cost, self-only coverage that provides minimum
value.
- Providing 6055 and 6056 Annual Reports Data: ADP
Workforce Now enables all employers who offer health plans to track
and report on each individual for whom they provide coverage
(employees and their dependents), along with the terms and
conditions of the coverage offered to full-time employees during
the prior year.
"Understanding the nuances of ACA can seem daunting," said
Regina Lee, Division President,
ADP. "This was recently underscored by an ADP Research
Institute® study showing that two-thirds or 68% of HR/benefits
decision-makers at midsized businesses lack confidence in their
organizations' understanding of employer responsibilities related
to ACA requirements. As such, it's important that businesses
know that ADP has more than six decades of experience in helping to
remove the worry from regulation, and when it comes to ACA, we're
ready to help."
Whether you need basic payroll, all-in-one human capital
management, or a combination of services unique to your
organization, ADP Workforce Now has the right solution for midsized
companies looking to simplify compliance, reduce administrative
work and spend more time focused on growing their business.
To date, more than 42,000 businesses use ADP Workforce Now's
cloud-based HCM platform to effectively manage their workforce and
address their evolving business needs. By adopting a unified
HCM platform, such as ADP Workforce Now, employers gain greater
visibility into their businesses. This increased visibility
can lead to a competitive advantage as employers use these insights
to help mitigate risk, drive employee productivity and optimize
talent management processes.
"ADP Workforce Now has allowed my organization to focus on
executing our business strategy, rather than worrying about how to
manage Affordable Care Act requirements," said Ronald Weaver, Senior Vice President of Human
Resources for American Campus Communities (NYSE: ACC), the nation's
largest owner and manager of high-quality student housing
communities. "We're confident that whatever regulatory
changes come down the road ADP will be there to help us
manage."
More information and resources from ADP designed to help
midsized employers plan, navigate and comply with ACA regulations
are available at www.adp.com/health-care-reform.
About the ADP Research Institute®
The ADP
Research Institute is a specialized group within ADP that provides
insights to leaders in both the private and public sectors around
issues of human capital management, employment trends and workforce
strategy. For more information about the ADP Research
Institute, visit:www.adp.com/research.
About ADP
With more than $11
billion in revenues and more than 60 years of experience,
ADP® (NASDAQ: ADP) serves approximately 620,000 clients in more
than 125 countries. As one of the world's largest providers
of business outsourcing and human capital management solutions, ADP
offers a wide range of human resource, payroll, talent management,
tax and benefits administration solutions from a single source, and
helps clients comply with regulatory and legislative changes, such
as the Affordable Care Act (ACA). ADP's easy-to-use solutions
for employers provide superior value to companies of all types and
sizes. ADP is also a leading provider of integrated computing
solutions to auto, truck, motorcycle, marine, recreational vehicle,
and heavy equipment dealers throughout the world. For more
information about ADP or to contact a local ADP sales office, reach
us at 1.800.225.5237 or visit the company's Web site at
www.adp.com.
The ADP logo, ADP, ADP Workforce Now, and the ADP Research
Institute are registered trademarks of ADP, Inc. All other
marks are the property of their respective owners. Copyright
© 2013 ADP, Inc.
Media Contacts:
Michael Schneider
ADP
(973) 567-1775
michael.schneider@adp.com
SOURCE ADP