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Web: Obamacare Drives Bull Market for Staffing

January 18 2013

Mad Money host and former hedge fund manager, Jim Cramer said a “red hot bull market” is currently being driven by the pending implementation of Obamacare next year, CNBC reported. To read the story, click here.

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George Reardon 01/18/2013 03:29 pm

The net effect of Obamacare on staffing firms remains to be seen and depends a lot on the final version of various regulations. However, there are many situations where staffing firms can reduce or eliminate penalties for customers without absorbing the expense themselves. For example, a customer with a mix of full-time and part-time employees could arrange for a staffing firm to payroll enough of the part-timer positions to reduce the customer’s combined full-time and part-time FTE count below 50. That would exempt the customer from all penalties, and the staffing firm would not have to pay any penalties on the payrollers, because they are part-time.


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