Do employers have to offer health insurance to full-time employees? Yes. But who is considered a full-time worker? Well, the ACA defines a full-time employee as someone who works at least 30 hours per week or 130 hours per month. ACA Employer Mandate penalties can be significant. So,...
generally, part-time employees do not. For example, part-time employees typically don’t receive paid time off (such as vacation orholiday pay), employee benefits (health insurance), and part-time employees are often excluded from participation in employer retirement...
Starting in January, employers with 50 or more full-time staff members will have to start offering those employees health insurance that meets minimum essential benefits standards or pay fines to the federal...
When hiring, whether it’s your first employee or your hundredth, determining whether the position will be full time or part time is an important consideration. Part-time employees mean more flexibility in scheduling, which can help control payroll costs. However, full-time employees make for mor...
Changing an employee from full-time to part-time status may have consequences beyond simply working fewer hours.
An FTE of 1.0 is the equivalent of a full-time employee. An FTE of 0.5, on the other hand, signals that the employee is only part-time or half-time. Most companies not only employ full-time employees but also leverage part-time employees or 1099 workers. The FTE allows you to ...
Explore the key differences between contract and full-time employment. Learn about benefits, drawbacks, and how to choose the best option for your career.
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As an employer, at some point or another, you may have stumbled across the term “full-time equivalent employee.” Maybe you noticed it while researching information about the Paycheck Protection Program loan. Or, maybe you came across it while looking into COBRA. Whatever the case may be, ...
If you fall under the criteria for an applicable large employer, you’re required to offer health insurance to your employees. Plus, knowing your company’s FTE count will help reduce overall costs by forecasting employee hours and salaries. ...