Payday HCM Blog

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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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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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...

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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,...

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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...

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10 Best Health Insurance Agencies in Albuquerque, NM

Oct 27, 2023 10:07:16 AM / by Patrick Sanders posted in Employee Benefits, Health Insurance, Health Benefits

Managing employee benefits, particularly health insurance, is a critical yet intricate responsibility for any business. The challenges are numerous, from navigating the complexities of healthcare plans to ensuring...

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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...

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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...

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3 Frequently Asked Questions About the ACA

Oct 16, 2023 10:00:00 AM / by Patrick Sanders posted in Employee Benefits, Health Insurance, Health Benefits, ACA, Affordable Care Act

How often have you felt confused or overwhelmed by the Affordable Care Act (ACA)? I have. And I’m sure there are more people too. The ACA has been a hot topic since its creation, and it's easy to get lost in the jargon...

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4 Problems with Forming a Benefits Group (and Their Solutions)

Oct 6, 2023 10:00:00 AM / by Patrick Sanders posted in Employee Benefits, Employees, Employee Well-Being, Health Insurance, Health Benefits

Starting or growing a business is exciting, but it also comes with challenges. One area that can be particularly difficult is employee benefits. As your team grows, you may wonder how to form a benefits group that meets...

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