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HCM Solutions
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Managed Payroll
Don't Get What You Pay For—Get Even More.
Running payroll involves so much more than just running payroll. With Payday's Managed Payroll service, every aspect of your business's employee experience will be handled, expanding the scope of our payroll services to ensure everything, from applicant tracking to onboarding and employee verification, is taken care of.
What is Managed Payroll?
What's Included With Managed Payroll?
Managed Payroll gives you a full-service approach without the full-service cost.
Designated HR Specialist
From compliance to conflict resolution, you'll have access to a dedicated HR specialist ready to assist your business with all of your HR needs.
Talent Specialist and Resources
Unlock your workforce's full potential with a dedicated talent specialist, trained to assist your business with everything from onboarding to employee engagement.
HR Compliance
Whether it's the FLSA or OSHA, ensure your business is compliant with any local or federal laws and regulations.
Employee Verification and Onboarding
Electronic I-9 management and verification of employee information to help streamline your onboarding process.
COBRA and ACA Compliance
Ensure your employee benefits coverage is both comprehensive and compliant with a dedicated benefits specialist.
Employee and Manager-Level Support
We got your back. Get the answers to your questions right when you need them, whether it's about a paycheck, a software issue, or your benefits plan.
Understanding the Cost of Employee Benefits
Understanding the cost of employee benefits is crucial for effective business planning. Generally, the expense varies widely depending on the type and scope of benefits offered. Here are a few factors that will effect the pricing:
Health Insurance
Retirement Plans
Life or Disability Insurance and more...
Tailoring Your Unique Employee Benefits Plan
Creating the ideal employee benefits plan for your business should be a tailored experience, reflecting both your company's values and the needs of your team. We specialize in customizing benefits packages striking the perfect balance between comprehensiveness and cost-effectiveness.
Factors Influencing Employee Benefits Costs
When planning your employee benefits package, it's important to consider several key cost factors to ensuring you make informed decisions aligning with both your budget and your employees' needs.
Type of Benefits
More comprehensive benefits typically incur higher costs.
Level of Coverage
High deductible health plans vs. low deductible plans significantly affects the cost.
Employee Demographics
The age, health status, and family circumstances of your employees.
Employee Contribution
The proportion of costs shared by employees through payroll deductions.
Company Size
Larger companies can leverage economies of scale for more favorable rates, while smaller businesses might face higher per-employee costs.
Geographical Location
Costs can vary based on where your company and employees are located, due to differences in market rates.
Compliance and Legal Requirements
Adhering to legal standards, such as those set by the Affordable Care Act or local labor laws.
Administrative Costs
Implementing and managing a benefits program involves administrative overhead, including staffing.
Exploring the Costs of HR Services
The cost of HR services can vary widely depending on the size of your business, the complexity of your HR needs, and the specific services you require. Below are a few feature in our HR package.
Employee Handbook
Employee Relations & Mediation
Orientation & Onboarding Program Creation
Hiring & Staffing
Termination Documentation & Assistance
Support of the Performance Review Process
Federal I-9 Form Compliance
Employee File Compliance
Costs of BOI Filing
Opting for our BOI filing service turns a complex legal requirement into an efficient process. Below is a preview of what exactly this service looks like.
Detailed Data Collection
Data Verification
Report Preparation
Electronic Filing
Ongoing Compliance Support
Risk Management Consultation
Starting at
$299
From data collection and verification to report submission and ongoing support.