Target announced in it's corporate blog that it was cutting health insurance for part time employees, effective April 1st. Target said they came to this decision partly because realistically ObamaCare would be cheaper, better coverage then they are currently being offered.
| || |
Experts predict that Target is only the first of many retailers and restaurants to make such changes to company health insurance plans. Home Depot announced they dropped heath care for part timers in September. Target will offer each part timer a $500 buyout to aid in getting new insurance. The retail giant has also arranged for one-on-one consultations with benefits manager Towers Watson to assist in the process.
“Our decision to discontinue this benefit comes after careful consideration of the impact to our stores’ part-time team members and to Target, the new options available for our part-time team, and the historically low number of team members who elected to enroll in the part-time plan, Target's executive vice president of human resources Jodee Kozlak said on A Bullseye View: Behind the Scenes at Target.
Target also announced it was eliminating some 472 jobs, another trend that is unfortunately expected to continue. JC Penney broke the news just last week it was laying off some 2,200 employees and closing some 30 stores.
More WBOB Society Work