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Quiet hiring could be the correct strategy to win the labor war for your organization.

The California appeals court ruled that Prop 22, which classifies gig economy workers as independent contractors rather than employees, could stand.

"ICHRAs allow employers to offer a spendable allowance to employees to shop for individual health insurance from the entire marketplace of options," says Annie Bushey, client executive at Holmes Murphy & Associates.

In light of The Labor Department's proposed rule on employee classification, employers need to analyze whether the worker is economically dependent on the employer for work.

Twenty-three percent of gig workers have no health insurance.

Most employers offer traditional benefits like health care, however, benefits advisors think new benefits will gain popularity within the year.

Since failure to comply with the regulations pertaining to 401(k) administration can lead to significant financial penalties, business leaders need to familiarize themselves with the new retirement plan rules starting with 2023.

Risk factors for the insurance industry are constantly changing and the PC360 team will be monitoring these issues throughout 2023.