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Businesses in low-wage sectors, such as restaurants, retail and warehousing, are feeling bigger effects because health insurance represents an outsize share of their total employee costs, says Rob Wilson, head of Employco, a human resources outsourcing firm. Many of those with just fewer than 100 staffers have hired more part-timers in recent months, while those with at least 100 are reducing the hours of existing employees, he says.
Michelle Neblett, senior director of labor and workforce policy for the National Restaurant Association, says many restaurants are being more cautious about boosting the workweek of part-timers to 30 hours or more, doling out such increases to reward top performers.
Those strategies have not had a noticeable impact on the labor market. Monthly job growth has averaged 240,000 this year, up from 194,000 in 2013. And full-time employment has increased at about twice the rate of part-time payrolls, Labor Department figures show.
Still, the number of part-time workers who say they'd prefer full-time jobs has remained stubbornly high. That can at least partly be traced to the inclination of the restaurant, retail and hotel industries to hire more part-time workers to sidestep the ACA mandate, Royal Bank of Scotland wrote in a recent report.
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Those strategies have not had a noticeable impact on the labor market. Monthly job growth has averaged 240,000 this year, up from 194,000 in 2013. And full-time employment has increased at about twice the rate of part-time payrolls, Labor Department figures show.
Still, the number of part-time workers who say they'd prefer full-time jobs has remained stubbornly high. That can at least partly be traced to the inclination of the restaurant, retail and hotel industries to hire more part-time workers to sidestep the ACA mandate, Royal Bank of Scotland wrote in a recent report.
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2 comments:
The new legislature needs to eliminate the 30 hour trigger that is causing employers to reduce the number of work hours of some of their employees.
This minimum wage increase will cause some to lose their jobs - but if they were being held to 29 hours - they were being screwed anyway.
This new minimum wage law does not even affect some Restaurants anyway so why are they complaining. Most keep raising their food prices outrageously and then still expect the customer to give the tip to make up the difference between the $3 an hour they pay the waiter or waitress to compensate minimum wage. Seems to me the customer is footing the bill not the Restaurant. The customer paid $30 or $40 for 2 meals and then they are expected to tip the waiter 20%. The restaurant owners are just getting richer. I am sorry I just can not feel sorry for those business owners.
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