- Integrates with MITC Time and Attendance, streamlining reporting and compliance.
- Reports calculate average hours worked over varying date ranges. This is very important if your organization has part-time employees with varying hours.
- Average Hours Projection reporting shows how many hours a part-time employee can work in the future while remaining under 30 hours a week on average. This helps with scheduling compliance.
- Hours, Gross Pay and Affordability reporting calculates the employee’s cost of medical insurance as a percent of gross pay, so your organization can verify that the employee’s contribution does not exceed the 9.5% affordability threshold set by the Employer Mandate.
MITC Workforce Management Helps With New ACA Reporting
Compliance Made Easy
Organizations with 50 or more full-time or part-time equivalent employees began complying with the Affordable Care Act in 2015. The first compliance reports from these employers are due to employees in March of 2016, with IRS copies due in May if filing by paper or June if filing electronically. This IRS-required reporting must contain data tracked month-to-month in 2015, detailing employee statuses, as well as employee access to employer-provided health care and employee contributions to employer-provided health care.
The Affordable Care Act made life more complicated for your organization and your HR staff. But MITC can help you comply with the requirements of the ACA affordably and effectively! MITC’s ACA Manager is available as an add-on additional to HR Manager or as a separate application for organizations not using MITC HR.
MITC Human Resources provides accurate information about average hours worked by full-time and part-time employees to comply with regulations. Receive timely analysis of employee benefit eligibility, thus improving compliance and reducing financial penalties. Track average hours worked per week during the IMP or SMP, or select only new hires for IMP reporting. Detailed timecards report by employee to help resolve queries and generate alerts if part-time employees approach or exceed 30 hours per week.
Affordable Care Act Survival Kit
Want to learn more about MITC ACA Manager? Just fill out the following information to receive the download link.