Payday HCM Blog

Document Your Payroll Processes in 2024

Feb 26, 2024 12:19:12 PM / by Keith Edwards posted in Payroll

Managing payroll is filled with challenges that can lead to significant stress and potential financial risk for businesses. From keeping up with changing tax laws to ensuring every employee is paid accurately and on...

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Various Costs of Outsourcing Your Payroll in 2024

Feb 19, 2024 1:08:57 PM / by Kristi Feist posted in Payroll

Managing payroll is a challenging aspect of running a business. The evolving tax regulations, the complexity of employee benefits, and the significant time investment required can transform payroll management into a...

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The 3 Parties You Need to Empower

Feb 14, 2024 11:13:20 AM / by Patrick Sanders posted in HCM

Effective access management is crucial for safeguarding sensitive information and ensuring operational efficiency. However, businesses often struggle with identifying which roles require access to specific systems,...

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5 Problems of Rushed Payroll Processing

Feb 12, 2024 12:59:41 PM / by Kristi Feist posted in Payroll

Facing the tight deadlines of payroll processing often brings challenges, creating a breeding ground for errors that can have far-reaching consequences across an organization.

At Payday HCM, we're familiar with the...

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How Much Does COBRA Cost in 2024?

Feb 5, 2024 2:36:43 PM / by Kristi Feist posted in Employee Benefits, Health Insurance, Health Benefits, COBRA

The period following a job loss or other qualifying event is often marked by uncertainty concerning how to maintain health insurance. The prospect of losing coverage can be scary, making COBRA's role in providing...

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3 Tax Things to Know When Starting a Business

Feb 2, 2024 2:07:11 PM / by Patrick Sanders posted in Payroll, Tax Information, taxes

Starting a business is an exhilarating venture, brimming with the promise of freedom and the potential for success. Yet, it's also a journey filled with complexities, especially when navigating financial and legal...

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Payday HCM vs. Paycor: 4 Comparisons of Payroll Services

Jan 31, 2024 3:05:07 PM / by Kristi Feist posted in Payroll, Paycor

Shopping around for payroll services can take time and effort for businesses. The challenge lies in ensuring accuracy and compliance and finding a service that aligns with your business's specific needs. This decision...

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Employee Retention: 4 Problems and Their Solutions

Jan 29, 2024 1:19:35 PM / by Keith Edwards posted in Employee Retention, Employee Well-Being, Employee Experience

Employee turnover can be a significant issue for businesses. It's not just the loss of a skilled worker; it's the compounded costs of recruiting and training new hires and the potential disruption to team dynamics and...

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Average Cost of a Payroll Service Provider

Jan 26, 2024 1:16:04 PM / by Kristi Feist posted in Payroll

Payroll management is more than just calculating wages and issuing checks. It involves staying compliant with tax laws, handling employee benefits, and ensuring accurate record-keeping. These tasks can be overwhelming...

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5 Problems of a Weak Employee Benefits Package

Jan 24, 2024 1:47:39 PM / by Patrick Sanders posted in Employee Benefits, Employee Retention, Competitive Benefits Package, Health Benefits

A subpar benefits package can have consequences for a business. It can deter potential high-quality candidates, increase employee turnover, lower morale and productivity, tarnish the company's reputation, and increase...

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