The Supreme Court has made it official: the Affordable Care Act will take effect as written unless repealed. The impact on small business will ultimately drive up cost either through higher premiums or through tax in both the State and Federal systems.
If your company has fewer than 50 employees the law will not affect you the way it does companies of 50 or more. So how can you help yourself if you have 50 or more employees?
The answer is cut cost through local outsourcing.
There are employees that support the day-to-day operation that do not contribute to the overall product but manage areas such as human resources, security, payroll, and marketing. These can be outsourced locally and you can cut costs in long-term expenses because the company you contract provides their employees the benefits.
This is a list of services you can outsource to get your numbers below 50:
- PEO Services: Manage payroll, benefits and human resources functions (Savings 20-40%)
- Security Management Consultants: Provide security and Loss Prevention services (15-35%)
- Marketing and Advertising Consultants: Develop and design campaigns to attract and grow business (30-60%)
- Accounting and Bookkeeping Services: Manage accounting and expense programs, taxes and many perform billing and collections now (40%+)
These examples give you the ability to do more than save money. If you want to expand, why not do it so you can hire workers while keeping your current support staff as a contracted service? Just structure the agreement so the contracted company absorbs your current employees. A win/win—you save money, grow your business, and keep your team.
Through outsourcing you can receive less strenuous requirements from the Government, potentially cut site support by 45% or more, and you can maintain service quality by arranging to have your people hired to manage the functions they’re already in (in most cases, quality actually improves as your back shop benefits from collective knowledge of their new employers while still working for you).
Get creative! There are always ways to make lemonade out of lemons.