This phrase probably refers to an employer’s accountability for a particular portion of an worker’s bills. This might embody numerous areas corresponding to healthcare premiums, retirement contributions, or different advantages. As an example, an employer may pay for a share of an worker’s medical health insurance, leaving the worker liable for the remaining stability. The precise quantity (23 on this instance) might symbolize a share or a hard and fast financial quantity.
Offering such protection generally is a important think about attracting and retaining expertise. It gives workers monetary safety and enhances their general well-being. Traditionally, employer-sponsored advantages have developed alongside labor legal guidelines and societal expectations. They typically function a important element of compensation packages, impacting worker satisfaction and productiveness. Furthermore, such advantages can contribute to a more healthy and extra financially steady workforce.
