ADP Workforce Now Continues to Meet Affordable Care Act Provisions
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:
"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.
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.
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