New Survey: ACA Getting Worse For Business
April 07, 2015
New Survey: ACA Getting Worse For Business
62% of Businesses Say ACA Leads to Less Job Creation
More Businesses Expecting Negative Impact, Up From 2014
25% Will Try To Remain Under 50 Employees
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OKLAHOMA CITY, April 8, 2015 - Express Employment Professionals today released a new study on the Patient Protection and Affordable Care Act's (ACA) impact on job creation.
In March 2015, Express Employment Professionals surveyed 692 business owners, decision makers and human resource professionals about the ACA's effect on their companies.
Of those surveyed, 63 percent believe the ACA will negatively affect their business in the future, up from 53 percent in 2014. Similarly, 62 percent believe the ACA will lead to less job creation, up slightly from 2014
When asked whether the ACA will cause them to remain under 50 full-time employees, the threshold for the requirement to provide health insurance, 25 percent said it would. But the percentage was higher for businesses with workers currently numbering in the 40s. Among those businesses with 45-49 employees, 33 percent said they would try to remain under 50 workers, while 67 percent of businesses with 40-44 employees said the same
"Almost two-thirds of business leaders are telling us that the Affordable Care Act is hurting them, and they're saying things are getting worse, not better. That fact should make anyone sit up and take notice. What they're telling us is that the law isn't just affecting their bottom line. It's limiting their desire to hire new workers," said Bob Funk, CEO of Express, and a former chairman of the Federal Reserve Bank of Kansas City.
"These survey results are especially troubling at a time when so many Americans are unemployed or out of the labor force altogether."
About the survey: In March 2015, Express Employment Professionals surveyed 692 business owners, decision makers, and human resource professionals about the Affordable Care Act and its impact on their business, as they currently understand the law.
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If you would like to arrange for an interview with Bob Funk to discuss this topic, please contact Sherry Kast at (405) 717-5966.
About Robert A. Funk
Robert A. "Bob" Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has 725 franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than five million people to work worldwide. Funk served as the Chairman of the Federal Reserve Bank of Kansas City and was also the Chairman of the Conference of Chairmen of the Federal Reserve.
About Express Employment Professional
Express Employment Professionals puts people to work. It generated $2.85 billion in sales and employed more than 456,000 people in 2014. Express ranks as the largest franchised staffing company and second largest privately held staffing company in the United States. Its long-term goal is to put a million people to work annually.