Ceridian Offers Complete Solution To Address Complex Affordable Care Act Compliance Requirements With Dayforce Human Capital Management
Single Application Design Allows For Precision Tracking & Fulfills Extensive Reporting Requirements
Ceridian announces that Dayforce Human Capital Management (HCM) – a real-time, SaaS-based, single application that uses one source of data – offers a complete, end-to-end solution that can alleviate compliance concerns associated with the Affordable Care Act (ACA).
The ACA entails onerous requirements for employers, necessitating precise tracking of employee’s service hours in order to determine not just who is an eligible employee, but also when they become eligible for health benefits. The ACA also prescribes specific methodology to measure hours to verify whether employees qualify as a full time employee, requiring continual categorization of employees under different timelines or dating milestones. In addition, extensive reporting requirements are demanded from HCM systems to ensure proper documentation of the eligibility trail. Having a platform with electronic documentation capabilities that reflect all employment and benefits decisions and when they were made is invaluable in light of Internal Revenue Service information requirements.
To meet ACA requirements, precise tracking of working hours is crucial. Dayforce HCM’s single application design means changes in working hours are seamlessly reflected in payroll, time and attendance, and benefits and that all information is available in real-time. Managers can see the impact of this allocation of service hours on benefits costs, allowing them to make business and human resource decisions with all relevant information to reduce costs, increase profitability and remain compliant.
Dayforce HCM also includes an auditing function that provides a means to verify information provided as well as an electronic, easily accessible database of information reflecting management’s decisions and actions with regards to pay and benefits. Such information is available on demand, allowing for a timely and organized reporting process as well as facilitating any potential government audits of the allocation of benefits. This function is invaluable for managing compliance and avoiding fines.
“We work in an industry where automating the administrative process of managing and complying with ACA regulations is essential,” says Paul Rockelmann, vice president, Human Resources at The Rose Group. “We have 5,000 variable hour associates in 66 locations and growing. The restaurant industry tends to have a more transient workforce and it is a challenge to directly and effectively communicate with our valued associates in their representative locations. Dayforce HCM for ACA allows us to calculate hours, notify associates and enroll them in benefits with direct file feeds to our carriers. Without this solution, we would literally have to invest in additional departmental headcount to help manage our ACA compliance.”
In support of these tracking and measurement requirements, Dayforce HCM best-in-class capabilities include:
- A single real-time system for ACA variable hour employee benefits eligibility calculations & enrollments
- Dashboards that provide the benefit administrator complete transparency into an employee’s prior period, current period and next period’s benefits eligibility, average hours calculation and enrollment status
- Automated calculation of average hours for initial measurement periods and on-going employees using either payroll or WFM hours
- Ability to configure which WFM hours and payroll earnings are counted towards the average hours calculation
- Ability to enforce affordability caps on employee self-only coverage at 9.5% of W2 earnings
“A single solution with one application and one source of data helps organizations remain compliant with the ACA because there are no interfaces to slow or skew the movement of data among HR, time and attendance, payroll and benefits systems,” says Eric Schuster, vice president, Dayforce Product Management at Ceridian. “When data including hours and pay codes are in real-time and synchronized, they can help accurately drive benefits calculations for employees. Dayforce HCM is the industry’s only single HCM application.”
Dayforce HCM is a cloud-based application for Payroll, Benefits, Workforce Management, Human Resources, Talent Management, Document Management, and Analytics. As a single application for HCM, Dayforce provides organizations with unprecedented access to real-time data and results across all domains of HCM. With one employee record, one user experience and no interfaces, organizations can find and hire the right people, process pay, manage benefits enrollment, maintain HR records, and schedule staff with work-life balance while remaining compliant.
For information on the provisions of ACA and other compliance news, visit the Compliance Center on www.ceridian.com. Demonstrations of Dayforce HCM will take place at booth #1923 during HR Tech. While visiting the Ceridian Booth, HR Tech attendees can complete a HCM survey and be entered in a draw for a chance to win 1 of 2 Vespas.
Ceridian is a leader in human capital management with more than 100,000 clients across the globe. Ceridian delivers trusted results and transformative technology. Our offering includes the award winning, cloud-based Dayforce HCM, LifeWorks, Powerpay and International Payroll. Ceridian is transforming the world of work. For more information about Ceridian solutions call 1-800-729-7655.
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