This phrase likely refers to an employer’s responsibility for a specific portion of an employee’s expenses. This could encompass various areas such as healthcare premiums, retirement contributions, or other benefits. For instance, an employer might pay for a percentage of an employee’s health insurance, leaving the employee responsible for the remaining balance. The specific amount (23 in this example) could represent a percentage or a fixed monetary amount.
Providing such coverage can be a significant factor in attracting and retaining talent. It offers employees financial security and enhances their overall well-being. Historically, employer-sponsored benefits have evolved alongside labor laws and societal expectations. They often serve as a critical component of compensation packages, impacting employee satisfaction and productivity. Moreover, such benefits can contribute to a healthier and more financially stable workforce.