Employee Benefits In 2023: The Ultimate Guide
If the Great Resignation climate has taught us anything, it’s that employee benefits are more important now than they’ve ever been. The U.S. Bureau of Labor Statistics reported a record-breaking 47.8 million people quit their jobs in 2021, up 33% from 2020. With 10.1 million job openings as of August 2022, employers are scrambling to find the right employee benefits to attract, engage and retain top talent—all while trying to stay within their budget.
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Does your employer still not offer a retirement plan? They may be running out of time
Every employer with five or more workers in California is required either to sponsor a retirement plan or to sign its workers up for CalSavers, the system of individual retirement accounts set up by the state. And hundreds of employers that haven’t complied will soon get one last chance to avoid being penalized by the state’s tax collectors.
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5 Important Employer Steps for ACA Compliance Reporting in 2023
The IRS has become stricter regarding reporting errors
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By Carlton C. Pilger © Fisher Phillips September 20, 2022
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Applicable large employers (ALEs)—those with 50 or more full-time or equivalent employees—must adhere to Affordable Care Act (ACA) annual reporting rules to remain compliant regarding group health plan offerings. Below is a checklist of the five most helpful reminders ALEs should take into account as they plan for reporting on their 2022 coverage in the first quarter of 2023.
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