Payday HCM Blog

What Does a Meaningful Benefits Package Cost?

Sep 26, 2023 1:42:00 PM / by Payday HCM posted in Employee Benefits, Employee Well-Being, Health Insurance, Health Benefits

Benefits packages come in all shapes and sizes and can vary widely by industry and company size. We are going to cut through all of the noise in this article and give you a good idea of what a meaningful benefits...

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3 Things to Include in a Competitive Benefits Package

Sep 21, 2023 1:43:00 PM / by Payday HCM posted in Employee Benefits, PTO, Competitive Benefits Package, Health Insurance

So, maybe you’ve already invested a lot in your employee benefits or you’re just starting, and you’re thinking, “Now I have to be ‘competitive’ about it too?” 

Competitive Benefits Packages Help Attract & Retain Top...

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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...

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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...

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PayDay HCM: Benefits Solutions for Businesses

Sep 15, 2023 10:00:00 AM / by Patrick Sanders posted in Employee Benefits, Health Insurance, Health Benefits

Your business benefits plan choices can echo throughout your organization, affecting everything from your financial stability to employee morale. Every option has pros and cons, but how do you determine the fit for your...

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Difference Between Good and Great Benefits Brokers

Sep 11, 2023 12:12:45 PM / by Patrick Sanders posted in Employee Benefits, Employees, Health Insurance, Health Benefits, Broker

Your Human Capital Management (HCM) decisions affect your organization's future. Choosing a benefits broker is an important decision — they help improve employee satisfaction, engagement, and retention. In some cases,...

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Healthcare Trends & Legislative Issues to Watch in 2023

Jul 21, 2023 1:24:54 PM / by Payday HCM posted in Health Insurance, Health Benefits, Healthcare Trends

There are a number of trends and milestones in the legislative and regulatory arena in 2023 that have the potential to impact healthcare costs for employers and employees alike. Employers should be aware of these trends...

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Lowering Health Care Costs: Self-Insured or Fully-Insured Plans?

Jul 21, 2023 1:08:51 PM / by Payday HCM posted in Health Insurance, Health Benefits, Self-Insured Plans

As the cost of health care continues to rise, businesses are always looking for ways to control costs without negatively impacting the health of their employees. There isn’t a one-size-fits-all approach to lowering...

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Are You Overpaying for Your Health Benefits Package?

Jun 21, 2023 8:24:29 AM / by Payday HCM posted in Employee Benefits, NM Paid Sick Leave, Health Insurance, Health Benefits

The high cost of health benefits is something that is on a lot of business owners’ minds. If you are one of these business owners, you might be asking “How do I control these costs?” or “Why are benefits eating up so...

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