Due to Obamacare’s costly employer requirements (where businesses with 50 or more full-time employees must provide federally qualified health insurance), more polls reveal that more businesses are scaling back on the number of full-time workers. Note that in the IRS’s world, full-time employment equates to a 30-hour work week. Public Opinion Strategies found that one-third of franchise businesses are cutting employees’ hours to part-time, while around 40% of non franchise firms are already being slammed with higher health care costs. The Christian Science Monitor says:
The poll surveyed more than 400 businesses with 40 to 500 employees – the ones most likely to be affected by the ACA. About half were franchises such as restaurant chains, and half were non-franchise businesses.
The number of firms polled is small relative to the vast and varied realm of US employers. Pollster Bill McInturff of Public Opinion Strategies told reporters he’s “comfortable” that his sample represents the “known universe” of firms in this size range.
North Carolina research agrees. Due to the employer mandate’s costly requirements, the latest Duke University/CFO Magazine Global Business Outlook Survey projects a reduction in full-time employment growth in the United States. Dodging the financial burdens of the employer mandate results in more than 40% of CFOs making the switch from full-time to part time employment.
You can read the rest of the report’s statistics here.