Whether its the increased need of tracking employee hours due to the Affordable Care Act or just the sheer ease of accessing information on the cloud, investments in HR technology have continued to grow across all employers, segments and industries.
Next year, the ACAs employer mandate, a hefty responsibility that requires employers with 50 or more full-time employees to provide health care coverage, comes into effect. An employee is considered full-time if they work 30 hours or more per week, a marker that can fluctuate among many employer organizations as the year progresses. For this reason, Frank Scavo, president of Computer Economics, a research and advisory firm that provides metrics for IT management, believes that the ACA may be part of the reason why the usage of human capital management systems has seen a recent uptick.
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