4 HR Trends for 2023: Just as teams quickly adapted to changes at the height of the pandemic, they must now adapt and respond to today’s evolving expectations of organizations and employees. Savvy leaders and HR professionals will approach this year with human-centric strategies that holistically support and benefit workers. The trends include increased wages and raises, pay transparency, and several hot topics. Check out our infographic on 4 HR Trends in 2023.
At Employco, we provide customized solutions to businesses across the entire country.
In this video, Shirley Warfield (Vice President of Claims) takes a look at what makes Employco’s workers’ comp claim processing unique. “It’s not just a report, there’s also a person involved. And we want to make sure that they’re taken care of, we see every claim until the end.”
For more information feel free to reach out to us directly, we’d love to be a resource for your business.
At Employco, we provide customized solutions to businesses across the entire country.
In this video, Jason Eisenhut (Vice President of Human Resources) gives us an overview of Employco’s strategic HR operations. “In today’s employment climate across the country, you have ever-changing employment laws in a variety of states. How does a small to medium-sized company keep up with that?”
For more information feel free to reach out to us directly, we’d love to be a resource for your business.
At Employco, we provide customized solutions to businesses across the entire country.
In this video, Gerri LeCompte (Vice President of Payroll Services) will walk you through what makes Employco’s payroll processing unique. “Our clients are really the driver of our process. We don’t make them fit into a mold.”
For more information feel free to reach out to us directly, we’d love to be a resource for your business.
In this video, Rob and Jason walk through some tips on how to identify and retain key employees. They also cover company culture, being proactive, keeping an open line of communication, asking for feedback, total compensation packages, competitive benefit plans, learning and development, succession planning, and more.
Questions? We’re here to help: hr@employco.com
California – California Employment Laws Effective Jan. 1, 2023. In general, once approved by both the state legislature and the state governor, a new bill in California becomes effective on Jan. 1 of the following year (some exceptions are possible for emergency measures and when the bills specifically appoint a different effective date). The Compliance Bulletin provides an overview of California labor and employment laws that become effective on Jan. 1, 2023. Click here to read the California HR Compliance Bulletin.
On Dec. 29, 2022, the IRS announced the 2023 optional standard mileage rates, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. The 2023 standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be:
On Dec. 29, 2022, President Biden signed the Consolidated Appropriations Act of 2023, an omnibus bill that includes the “SECURE 2.0” legislation. It is referred to as such because it builds on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019.
Key SECURE 2.0 provisions include:
On Dec. 12, 2022, the IRS released a final rule that extends the annual furnishing deadlines for Sections 6055 and 6056 reporting under the Affordable Care Act (ACA). This rule finalizes guidance that was proposed by the IRS in December 2021 with minor clarifications. Specifically, the rule:
An HR compliance calendar is a valuable tool to help your business stay on track with key employment-related deadlines throughout the year. HR compliance is a complex area with many moving parts. Keeping track of HR deadlines during 2023 can help your business stay organized and avoid the penalties or workplace disruption that may be triggered by noncompliance.
There are a number of HR compliance tasks with predictable deadlines that you can anticipate from year to year, such as providing your employees with Form W-2 and filing Form 5500 for your employee benefit plans. Other deadlines can be unpredictable or triggered by certain events, such as when you hire a new employee or when an employee gets injured at work. Knowing what your business is required to do and when is the best way to stay compliant.