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FBN’s Adam Shapiro on a study from Mercer which found that companies large and small plan to scale back part-time workers’ hours under ObamaCare.
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Their plan.
Now that the president has been reelected how all employers be dealing with all that's Adam Shapiro is covering the story any joins us now out of what do you finding.
Well it depends on what sector of the business -- you work in but here's a very simple headline that people should pay attention to.
The retail and the hospitality industries are looking right now at their workforce strategy how they hire people who they hire.
As a result of obamacare and it does not look good for people who worked part time now Mercer.
They're the benefit consulting group actually did a survey of different employers and here's what they found.
In the retail hospitality industry 32% of the respondents are actually considering.
Changing the number of hours their part time employees work cutting the hours to less than thirty hours a week.
Remember obamacare has a -- -- by which if you work more than thirty hours a week.
You get penalized if you're not provided health -- so looking at cutting health care in note that in you to -- the list of industries.
Then take a look at the cost increases that could be coming down the pike because of obamacare.
In that retail hospitality industry.
Over 40% of the respondents expected their health care costs.
We'll go up 5%.
And you see the other list transportation utilities they expected to go up 15% health -- expect it will go up 20%.
But again the take away what you need to remember is we take a look at video of people who work in industries that are reliant on part time workers.
Fast food restaurants like red lobster and all of -- in those kinds of places.
Is that if you're part time employees what the Mercer study -- found is that one year hours may be cut if you'll corporation.
Is looking to fall below the obamacare threshold.
But they also would say that the Obama care law creates a disincentive.
To hire people.
Because of the part time threshold in hours.
And I mean it's only logical Adam thanks so much.
