The ADP Research Institute’s 2012 Study of Large Employer Health Benefits, based on data from about 300 nonunion U.S. companies employing 1,000 or more workers, reveals that 68% of the full-time work force selected employer-sponsored health coverage, versus 8% of the part-time work force. However, the number of part-time employees eligible for benefits is expected to rise in 2014, as the Affordable Care Act specifies that employees who work at least 30 hours per week or 130 hours per month are automatically eligible for employer-sponsored health plans. The study also shows that employers with more than 5,000 workers pay 14% less in health insurance premiums as a group than employers with 1,000 to 2,499 employees.
Exclusive Guide From Gibraltar—Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.