Fifty-seven percent indicated it will have a significant impact, and 37% said it will have a moderate impact, according to the “2013 Executive Employer Survey” by employment and labor law firm Littler Mendelson, P.C. Respondents also expected U.S. Department of Labor regulations under the Affordable Care Act (ACA) to be the most pressing priority of the current nominee for secretary of labor, Thomas Perez (61%).
In reflecting on actions their companies have taken or anticipate taking in response to the ACA’s implementation, only 6% of respondents noted discontinuing health care benefits for full-time employees and paying the penalty under the ACA’s “pay or play” mandate. However, the findings suggest they are exploring various avenues to adjust to the new regulatory environment, including:
- Implementing employee wellness programs, which was the top action identified by more than half of respondents (54%);
- Offering employee health care benefits through private health insurance exchanges (31%);
- Limiting more employees to less than 30 hours per week (27%); and
- Reducing hiring of new full-time employees (20%).
The annual survey was completed by more than 400 in-house counsel, human resources professionals and C-suite executives, many from the nation’s largest employers. The survey report is here.