HCM Insights March 2023

EEO-1 Data Reporting Delayed

The U.S. Equal Employment Opportunity Commission (EEOC) recently announced that the 2022 EEO-1 Component 1 data collection is tentatively scheduled to open in mid-July 2023, well beyond the customary March 31 reporting deadline. Therefore, employers required to file the report should visit the EEOC’s website for the latest updates and timelines for reporting.

Employer Increase Wages to Stay Competitive

Employers are preparing to increase paychecks this year in response to soaring inflation, extensive labor shortages, and employee demands. Analysts predict that pay raises in 2023 will represent a significant increase compared with recent years - making it one of the largest wage increases since 2008. As a result, organizations must adapt their original budgets accordingly to remain competitive when hiring new talent or keeping current employees on board.

DOL Update - Remote Employee Breaks & Nursing Moms

Remote working has presented a range of new challenges for employers, particularly when it comes to ensuring employees are not overworked and have adequate break time. To support employers in meeting their obligations and protecting their staff, the Department of Labor (DOL) has issued updated guidance. This article outlines the DOL's Fair Labor Standards Act (FLSA) eligibility rules for remote employees taking breaks and nursing mothers. 

Employee Engagement Strategies for Challenging Economic Times

In these uncertain economic times, employers and workers may feel the strain of inflation and recession predictions. However, rather than dwelling on worry, many organizations focus their energies inward, investing in their most important asset — people. Through employee engagement initiatives and retention strategies, your business can ensure teams remain intact and productive even when upheaval seems to reign outside.

Are Your Employee Benefits on Trend for 2023?

In the wake of unparalleled challenges, employer-sponsored health care is undergoing a dramatic transformation. With soaring inflation rates and career upheaval from the pandemic's aftermath, employees are demanding more accessible and affordable benefits packages with increased flexibility and support. Those employers who embrace these shifting preferences will thrive; those that do not could be missing out on top talent in this new landscape.

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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.