December 27, 2022 • News

HR Checklist for 2023 HR Operations

Update your operating systems for 2023 to reflect new employment laws and guidelines, including the following:

• 2023 disability compensation contribution withholding requirements and payment provisions for Temporary Disability Insurance (TDI), Workers’ Compensation (WC) and Prepaid Health Care (PHC) are as follows:
  • Maximum weekly wage base:
    • TDI: $1,318.48
    • WC: $1,634.92
  • Maximum weekly benefit amount:
    • TDI: $765.00
    • WC: $1,090.00
  • Maximum weekly deduction: $6.59
  • Mandatory coverage under Prepaid Health Care: $1,041.00

For information on computation, see the DLIR Dec. 1^st notice: https://labor.hawaii.gov/dcd/files/2019/11/newWBA.pdf

• Standard mileage rate for business expenses: Effective January 1, 2023, the Internal Revenue Service (IRS) increased the optional standard mileage rate to 65.5 cents for every mile of business use. This is a 3-cent increase from the July 2022 rate, a rare mid-year adjustment to reflect then rising fuel prices. See IRS notice 2023-03.
• 2023 Hawaii Unemployment Insurance Rate Schedule Announced Employers’ contribution rate to the state Unemployment Compensation Trust Fund will follow Contribution Rate Schedule F  See rates below
  • Taxable Wage Base (per employee): $56,700
  • Tax Rate for New Employers: 4.00%
  • Maximum Tax Rate: 6.20%
  • Employment and Training Assessment (E&T) Rate: 0.01%
  • Maximum Weekly Benefit Amount: $763