HCM Insights February 2023

HCM Insights February 2023

Upcoming Holidays

President's Day

flagThe upcoming President’s Day Holiday falls on Monday, February 20, 2023.  While CBIZ HCM offices will be open this day, this is a Federal Reserve Bank Holiday so payroll draft dates may need to be adjusted. 

Important Payroll Deadlines

Check Date

Check Processing Date

Tuesday, February 21, 2023

Thursday, February 16, 2023   

Wednesday, February 22, 2023   

Friday, February 17, 2023


You can now access the CBIZ 2023 Holiday Schedule


CBIZ HCM Achieves Nacha Certification

Nacha Certified

CBIZ Human Capital Management (CBIZ HCM) recently obtained Nacha Certified status by completing a rigorous voluntary accreditation program demonstrating their dedication to maintaining high standards regarding the movement of payroll funds through the Automated Clearing House (ACH) Network.

"ACH compliance is critical for our business," said Jim King, President of CBIZ Human Capital Management. “Given the volume of ACH transactions processed each year on behalf of our clients, this designation furthers our commitment to providing best-in-class service while demonstrating our dedication to maintaining the highest standards possible regarding the movement of payroll funds.”


Consolidated Appropriations Act of 2023

2023 mileage

Congress recently passed sweeping legislation to support retirement plan sponsors and participants. According to Congress, employer-sponsored retirement plans are like a well-oiled machine; these plans work well when they’re readily available and maintained properly. With SECURE Act 2.0, legislators have greased the wheels of the American retirement system to help it support an evolving workforce amid a volatile economy.

It's important to be aware of these upcoming changes so you can ensure that your company is prepared to update your retirement plan design accordingly. Furthermore, the provisions in SECURE Act 2.0 represent broader trends within the retirement plan industry, which you should also stay on top of.


Salary Transparency - A Business Perspective


Pay transparency affords an excellent opportunity to cultivate trust and strengthen relationships with current employees, even if your compensation is less than your competitors. It can also help streamline your recruitment efforts and help ensure that candidates applying for the job are willing to work for the indicated pay. In addition, embracing pay transparency makes your company more attractive and can reduce time-to-hire. Finally, even when not required, providing this information can help you stay ahead of pay disclosure mandates.


Jumpstart Your Company's Succession Planning

succession planning

Americans continue to change jobs at a record pace. Since mid-2021, more than 4 million workers per month have voluntarily left their jobs. Not surprisingly, 47% of Human Resource (HR) leaders say recruiting and retention are their top challenges in 2023. But while flexible work arrangements and pay transparency grab the headlines as potential solutions, HR professionals shouldn’t overlook a crucial tool that helps attract and retain top talent — succession planning.


In Your State

DC Tipped Minimum Wage Increase Delayed

Minimum Wage Employers in the District of Columbia (DC) have a few more months before the tipped minimum wage increases from $5.35 to $6.00 per hour.

Initiative 82, a ballot measure passed in November 2022, was set to take effect on January 1, 2023, but was delayed because it still needed congressional approval. The delay prompted the DC Council to pass emergency legislation that postpones increasing the tipped wage until May 2023.


Michigan Minimum Wage Increase On Hold

MI The Michigan Court of Appeals has reversed a lower court opinion that would have allowed for a minimum wage spike and expanded paid sick leave for employees under state law. Absent further court action, the law remains unchanged, and employers will not have to comply with more generous provisions of an earlier version of the law.

More State-Specific Updates

Click on blue text for more details on state-specific updates

California - Temporary Disability and Paid Family Leave Amounts for 2023

California - San Francisco Employer’s to Provide Paid Military Leave

Delaware - Delaware Joins the Auto IRA Bandwagon

Illinois - Paid Leave for Any Reason

Massachusetts - Paid Family Leave and Health Continuation Rights

Vermont - Voluntary Paid Family and Medical Leave


 Visit the Insights Home Page


The information contained in this HCM Insights is not intended to be legal, accounting, or other professional advice, nor are these comments directed to specific situations. This information is provided as general guidance and may be affected by changes in law or regulation. This information is not intended to replace or substitute for accounting or other professional advice. You must consult your own attorney or tax advisor for assistance in specific situations. This information is provided as-is, with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.