Last Thursday, March 30th, a few PrimePay team members made the trip into Philadelphia for the Philly SHRM (Society of Human Resource Management) Symposium. We were excited to hear from HR experts and learn about what to expect for 2017.
Ann Duke’s (our Director of Regulatory Compliance) session was up first. The First 100 Days featured a panel of experts including moderator Joseph P. Welsh, Esquire, Attorney at Law, along with panelists William A. Stock, Founding Partner at Klasko Immigration Law Partners, Andrea Kirsenbaum, Principal at Post & Schell, P.C., and Ann.
To watch the entire session, click here to see our Facebook Live recording.
With a packed room, we first heard from William who spoke on immigration law and managing employee uncertainty about international travel. He discussed that employers should expect reinvigorated Form I-9 enforcement (employment eligibility verification at time of hire), an increased focus on benefits program compliance (wage payment, posting requirements, proving eligibility), more site visits for all employment-based categories, as well as revisions to practical training programs for foreign students.
Andrea began her portion with mention of the vacancy in the Secretary of Labor position. She spoke on how it is unlikely the administration will appeal the DOL’s Final Rule, but an alternative solution has been presented by the Republicans – which would change the minimum salary threshold to $35,000 as compared to the current proposed amount of $47,476.
For Ann, it’s been a rollercoaster week for the Affordable Care Act. House Speaker Ryan said, “We’re going to be living with Obamacare for the foreseeable future.” Ann touched on what we know currently:
- The breakdown of those covered:
- 50% of Americans have health insurance through their employer
- 35% have it through Medicare or Medicaid
- The remaining 15% are covered through the individual market, or health care exchanges
- Differences between the Affordable Care Act (ACA) and the American Health Care Act (AHCA):
- ACA: Individual Mandate and subsidies as well as federal government support of Medicaid
- AHCA: Tax credits – no mandate and block grants to the states
- Effects on employers:
- Reliability and stability
- Executive Order 13765
- Some measure of regulatory reform to ease the costs of compliance
- Both parties in favor of consumer driven health care (FSAs, HSAs)
- Continuing cost pressure
- Wellness, pre-tax benefits, utilizing HSAs as a savings vehicle
As always, our PrimePay team is keeping their fingers on the pulse of changing legislation that impacts business owners first. From the overtime legislation to ACA/AHCA, we’ll bring you the most up-to-date information here on the PrimePay blog.
That’s not all from Philly SHRM. Check back as our PrimePay team will provide their findings on things like innovation quotient, managing millennials, navigating complicated HR issues, workplace communication and more.