Don’t get caught by surprise. With most news affecting businesses related to the implementation of the Affordable Care Act, some other new regulations are going unnoticed.
[EasyDNNnewsToken:Left Justify Embed 300 x 250]With the weight of Affordable Care Act compliance bearing down on businesses across the country, it’s easy to overlook other changes on the horizon:
- The Fair Minimum Wage Act of 2013 remains strongly favored and expected to pass, which means by 2015 – just 13 short months away – the federal minimum wage will be $10.10 and in some states higher. That’s about a 30% labor cost increase across the board.
- In March 2014, new Office of Federal Contract Compliance Programs regulations go into effect. Any business holding or delivering service through a federal contract must show that 8% of their service providers are veterans and 7% are disabled employees.
- By June 2014, the US Supreme Court is expected to deliver its ruling on the requirement of ACA-compliance insurance plans to provide coverage for reproductive health services without a co-pay.
- The EEOC is expected to increase pressure on businesses using the results of criminal background checks to disqualify individuals for employment.
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