This phrase doubtless refers to an employer’s accountability for a particular portion of an worker’s bills. This might embody numerous areas resembling healthcare premiums, retirement contributions, or different advantages. As an example, an employer may pay for a proportion of an worker’s medical insurance, leaving the worker chargeable for the remaining steadiness. The particular quantity (23 on this instance) might symbolize a proportion or a hard and fast financial quantity.
Offering such protection could be a important consider attracting and retaining expertise. It presents staff monetary safety and enhances their general well-being. Traditionally, employer-sponsored advantages have developed alongside labor legal guidelines and societal expectations. They usually function a vital element of compensation packages, impacting worker satisfaction and productiveness. Furthermore, such advantages can contribute to a more healthy and extra financially secure workforce.