What We're Watching | We Binged Midnights AND Compiled Our Top HR Stories
What We're Watching, a weekly summary from the team at Boss Consulting HR, to highlight the ever-moving parts that is Human Resources.
Federal Updates
Yes, Form I-9 is Getting a Facelift… But For Now, Let's Use the Expired One
The current I-9 Form is set to expire on October 31st. But in an announcement earlier this month, the U.S. Department of Homeland Security (DHS) said the current version of the form should continue to be used until “further notice.” The I-9 is set to get a facelift, but is not yet available, which is the reason for the extension of the current version.
Additionally, the temporary pandemic policy – where employers can review Form I-9 virtually – has been extended until July 31, 2023. There is talk that the virtual I-9 review may become permanent, but it is unlikely that it will continue to be available for everyone. And more likely that it will have strict limitations. You can read more here.
We will keep you posted as more news on the new I-9 becomes available.
New, Increased Contribution Caps Announced... 2023 Health Insurance Enrollment Here We Come.
The IRS announced contribution cap raises to next year’s flexible spending accounts (FSA)... and more. Caps are rising due to current inflation levels. Your role as an employer (and what you contribute/set for health enrollment for 2023) matters. Here’s your overview of what’s changing.
What’s Changing in 2023?
Health Flexible Spending Accounts (FSA) new annual contribution limit → increased to $3,050 (max. carryover limit $610)
Dependent Care FSA → No Change
Commuting Benefit Amounts → increased to $300/month
Adoption Assistance → increased to $15,950
Qualified Small Employer HRAs → increased to $5,850
Click here to read more in-depth and see some nifty charts that outline each change.
EEOC Unveils New Poster. Yes, You’re Required to Display It
Out with the old – “EEO is the Law” poster. In with the new – “Know Your Rights” poster.
The Equal Employment Opportunity Commission (EEOC) released a brand-spanking new poster for employers to display in their workplace (required by law for covered employers).
This new poster, unveiled last week, is seen as a “win-win for employers and workers alike.” It outlines the Federal laws that prohibit job discrimination, as well as employee rights under them. It also includes a nifty QR code so that employees can easily file a charge or contact the EEOC for help.
For more info about what’s on the new poster, as well as where and how you are required to post it as an employer, click here.