Workest Weekly: Projected Healthcare Costs for 2023, HR Compliance Mistakes for Startups to Avoid, How Do Managers Influence Retention Rates?

Welcome to Workest Weekly — a newsletter for small business owners, HR leaders, and their growing teams.


We hope you had a great week! As we approach the end of the year, many company leaders have costs for 2023 on their minds — as well as 2022 taxes. Find out more about projected healthcare costs for 2023 and tips for how to improve healthcare plan affordability. Here’s how you can determine if you’re eligible to claim an employee retention credit in 2022. For entrepreneurs, launching a startup is an exciting time. However, you want to ensure that you avoid common HR compliance mistakes. Finally, are you familiar with how to ensure your pay practices are in compliance with pay disclosure laws? Learn more about it, here.

Small Business and HR Compliance dates this week:

December 17

Super Saturday: Jump onto the #SuperSaturday trend: One day of sales for those who have yet to purchase their holiday gifts.

December 18

First Day of Hanukkah: Hanukkah is a Jewish holiday that reaffirms the ideals of Judaism and commemorates the rededication of the Second Temple of Jerusalem.

Projected Healthcare Costs for 2023
Read about how employers and private insurance holders are preparing for the predicted rise in costs for 2023 in the most innovative and careful ways possible.

Projected Healthcare Costs for 2023

On average, healthcare plan costs are expected to rise by at least 5.6% in 2023. This is making employers scramble to balance their budgets so they can continue drawing in the best talent without compromising employee healthcare plans.

Businesses still want their employees to be provided with quality care, to enhance their mental and physical health, and to create a marketing strategy for recruiting and retaining purposes. Discover strategies to improve healthcare plan affordability.


How to Ensure Your Pay Practices Are in Compliance With Pay Disclosure Laws
Find out what your company needs to know about pay transparency and complying with pay disclosure mandates.

How to Ensure Your Pay Practices Are in Compliance With Pay Disclosure Laws

A handful of states and localities have passed laws requiring full pay disclosure in job descriptions and other public employment-related postings. The goal is to end race- and gender-based wage disparities and make pay disclosure standard practice.

Pay disclosure mandates will likely gain traction in more jurisdictions, which means employers must be ready to change their compensation policies and even their recruitment practices, if necessary.


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Small businesses can still claim an employee retention credit on their 2022 tax returns. In fact, you can file until 2024 for 2020 credits.

Claiming an Employee Retention Credit in 2022

You can still claim an employee retention credit if you own a small business and had to partially or fully close because of COVID-19. If you haven’t filed for this credit yet but want to relieve your financial burden for 2022, there’s still a window to save. Here’s what we know about the current deadlines for ERC, eligibility, and whether we’ll see this tax credit again in the near future.



Here’s what more than 1,000 employees had to say about the best and worst email greetings, signoffs, and phrases — their answers may surprise you.

Study Unveils Workplace Email Blunders: Here’s What to Avoid

Email is still the way most people communicate online — and the number of users is expected to grow. Email clearly has staying power. But it also has a long list of annoyances that LiveCareer, a resume-writing and career advice firm, captured recently in a report on digital business communication. Discover what the most common email blunders are — so you can avoid them.



Human resources compliance is a critical but often overlooked aspect of running a startup. Here are steps to take to avoid making compliance errors.

5 Common HR Compliance Mistakes for Startups and How to Avoid Them

In many startups, HR priorities start and end with getting the right people on board. Once critical positions are filled, other aspects are either completely ignored or delegated to people with little experience. Therefore, it is unsurprising that startups are susceptible to severe HR compliance mistakes. HR compliance errors can be detrimental to a startup in several ways. Read these tips to help you avoid those mistakes.



Employee retention is key to an organization’s success. Read on to uncover why managers are essential to retaining workers in the long term.

How Do Managers Influence Retention Rates?

The manager’s role has changed over the years as businesses have embraced technology and automation. But one thing will always stay true — managers are the gatekeepers of employee performance and job satisfaction. Phrases like “quiet quitting” have gained traction as employees find community with others who do not feel valued in their workplace. We dive deeper into the critical role managers play in keeping their top employees on board in the long term.


POPS The People Podcast

The POPS! Podcast by Zenefits helps small business leaders build people teams and succeed in the new world of work.

How Do I Help Create a Great Employer Brand to Retain and Attract Talent?

In 2021, we saw almost 50 million people quit their jobs in what was dubbed as “The Great Resignation.” In this war for talent, how do organizations create an exceptional brand to attract and retain talent?

Ankur Patel, Product Marketing Manager at TriNet Zenefits, joins the show to share his insight.



Discover how 6 real companies use HR data to make a meaningful impact on business.

Create Impact With People Analytics

Here’s an example of what’s inside:

“With a clearer understanding of where turnover was coming from, First West improved how they handle recruitment, employee selection, and career progression.

They created standard protocols for pre-screening, assessing, and handling the pool of candidates. They also heightened their focus on developing and promoting talent from within.


These actions helped First West Credit Union reduce turnover, increase annual revenue, and promote more internal employees.

With people analytics, First West achieved:

  • 3.1% reduction in organizational turnover over 2 years
  • 9.9% reduction in turnover of entry-level, client-facing roles in one region over 3 years
  • 13.6% reduction in turnover of key banking roles in one region over 2 years

The results? A staggering $2.3 million in additional annual revenue!”


What are the best ways to recognize employees? This post by Valerie Bolden-Barrett for @Zenefits shares great insights on recognition programs. Thanks for including Michael Podolsky’s feedback on how employees are recognized at @pissedconsumer, pls read:

— Joanna Clark Simpson
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