Payday HCM Blog

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...

Read More

5 Key Insights into Employee Compensation Packages

Dec 6, 2023 10:00:00 AM / by Patrick Sanders posted in Employee Benefits, Employees, Competitive Benefits Package

Navigating employee compensation packages can often feel overwhelming for employers and employees. The challenge is understanding the total value of these packages, which extends beyond the simplicity of a monthly...

Read More

6 Ways to Crafting an Effective Company Health Plan

Nov 16, 2023 11:40:16 AM / by Patrick Sanders posted in Employee Benefits, Employees, Competitive Benefits Package, Health Benefits

Creating a company health plan is often filled with challenges. Many employers grapple with questions like, "What do our employees truly need?", "How do we choose the right plan?" and "How do we ensure the plan's...

Read More

4 Ways to Controlling Health Benefit Costs for Businesses

Nov 15, 2023 9:21:49 AM / by Patrick Sanders posted in Employee Benefits, Employee Experience, Competitive Benefits Package, Health Benefits

The rising costs of health benefits are a pain for business owners. As premiums rise, you may grapple with the question: "Am I overpaying for health benefits?" This concern is valid and shared by many in your position,...

Read More

5 Problems with Splitting Benefits and Payroll Services (and Their Solutions)

Nov 10, 2023 11:00:41 AM / by Patrick Sanders posted in Payroll, Employee Benefits, Employee Well-Being, Competitive Benefits Package, Health Benefits

Integrating benefits and payroll systems isn't just a matter of convenience; it significantly impacts any business's operational efficiency. For those who have ventured down the road of managing these services...

Read More

3 Things to Include in a Competitive Benefits Package

Oct 20, 2023 12:21:07 PM / by Patrick Sanders posted in Employee Benefits, Employee Well-Being, Competitive Benefits Package, Health Benefits

If you're an employer, you've likely felt the weight of crafting an employee benefits package that meets legal requirements and genuinely serves your team. The challenge? Balancing costs, employee expectations, and the...

Read More

5 Reasons Why Employee Benefits Matter

Oct 18, 2023 10:00:00 AM / by Patrick Sanders posted in Employee Benefits, Employee Retention, Employee Well-Being, Employee Experience, Competitive Benefits Package, Health Benefits

Attracting and retaining top talent is more challenging than ever for employers. You may offer a competitive salary but need more to secure the skilled professionals your business needs to thrive.

We understand the...

Read More

5 Best Ways to Provide a Successful Benefits Enrollment

Oct 5, 2023 10:55:23 AM / by Patrick Sanders posted in Employee Benefits, Competitive Benefits Package, Health Benefits, Open Enrollment, Special Enrollment Period (SEP)

Choosing the right benefits can be confusing for your employees. There are so many options, and it's easy for them to feel lost. 

That's where we come in. Payday HCM understands how tricky this can be and are pros at...

Read More

5 Ways to Make Your Employee Benefits Package Competitive

Sep 20, 2023 10:00:41 AM / by Patrick Sanders posted in Employee Benefits, Employees, PTO, Employee Retention, Employee Well-Being, Employee Experience, Competitive Benefits Package, Health Insurance, Health Benefits

Ignoring the importance of a competitive benefits package can create real problems for your organization. A poor benefits offering can lead to high employee turnover, low morale, and difficulty attracting quality...

Read More

HMO vs PPO: Which is Better for My Employees?

Sep 18, 2023 10:00:00 AM / by Patrick Sanders posted in Employee Benefits, Competitive Benefits Package, Health Insurance, Health Benefits

Choosing the right health coverage plan is a business's most complex yet crucial decision. Make the wrong choice, and you risk not only the well-being of your employees but also a potential financial drain — adversely...

Read More

Lists by Topic

see all