Last week, Bloomberg reported that U.S. employment numbers went up 218,000 in July, with small and medium-sized companies doing the bulk of the hiring. Consumer confidence is also on the rise, boosting household spending and business revenues. As small companies see the benefits of the growing economy in their sales reports, keeping up with customer needs by hiring more people is not so straight forward anymore. Increasing employee numbers can affect greatly a company’s requirements under the Affordable Care Act. Under the law, organizations with 50+ employees are required to offer health insurance to their employees or face fines. Is your growing company considering the implications of adding more workers to support increased customer demands? We can help. Our team at Wharton Insurance & Financial Services can offer cost-effective solutions to allow your company to grow while staying compliant. Send us an email, or give us a call at 317.663.4138.
