Afleveringen
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5 HR Predictions for 2025: This article explores key predictions for HR in 2025, including the centrality of growth in engagement strategies and the strategic implementation of AI. Read more herehttps://www.businesswire.com/news/home/20241223064493/en/Fiserv-to-Enhance-its-Embedded-Finance-Capability-with-Acquisition-of-Payfare-Inc.
New Year Payroll & HR Predictions 2025 | Episode 138
In episode 138, join Brian and Walt as they dive into New Year planning for payroll professionals. The discussion ranges from transitioning to cloud-based payroll solutions, enhancing cybersecurity measures, and the rise of AI and automation in payroll and HR. They also cover workforce planning strategies, employee self-service portals, and the importance of staying updated with regulatory changes. Tune in to get valuable insights and predictions for HR and payroll trends in 2025, along with tips on how to maintain the human touch in an increasingly automated world.
00:00 Introduction and New Year Planning
01:19 Current Events and Bird Flu Concerns
02:21 HR Predictions for 2025
03:31 AI and Its Implications
05:26 Manager Support and DEIB Commitment
07:26 Culture and Mergers in Payroll
09:51 Sponsor Message and New Year Planning Tips
14:40 Enhancing Cyber Security
15:39 Adapting to Regulatory Changes
16:58 Implementing Employee Self-Service Portals
20:56 Preparing for Real-Time Payroll Processing
22:35 Addressing Global Payroll Changes
23:47 Strategic Workforce Planning
24:42 Automation and AI in Payroll
25:00 Employee Well-Being Initiatives
26:11 Balancing Technology and Human Connection
29:52 Concluding Thoughts and Reflections
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In episode 137 of 'It's About Payroll', the hosts kick off with some motivational advice to stay consistent. They discuss their highlights from the past year, share insights on tax fraud demographics and the implications of tax season, spotlight the HR solution Homebase, and give a shout-out to TimeTrack Go for their innovative time tracking solutions. The episode also touches on various payroll topics such as earned wage access, and stories from the payroll landscape. The hosts reflect on their personal growth over the year and set goals for the future, emphasizing the importance of learning and intentionality. Tune in for an informative and engaging review of the season and year!
00:00 Introduction and Greetings
01:24 Season Review and Year-End Reflections
01:36 Tax Season Tips and Insights
04:12 Spotlight on Small Business: Homebase
06:09 Sponsor Shoutout: Time TrakGO
07:41 Season Highlights and Guest Takeaways
15:27 Year in Review and Personal Reflections
21:03 Payroll Pop Quiz and Fun Facts
24:23 Closing Remarks and Future Goals
Linkshttps://www.businesswire.com/news/home/20241218749692/en/Homebase-Marks-a-Decade-of-Empowering-Small-Businesses-Reflecting-Over-10-Years-of-Growth-and-Innovation
https://www.ussc.gov/research/quick-facts/tax-fraud
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Zijn er afleveringen die ontbreken?
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In this episode, Esco and Walter continue their journey to the 200th episode by diving into critical year-end payroll tasks for 2024 and discussing the integration of AI in payroll processing.
1. **Introductions and Catch-up:**
- Esco and Walter kick off the episode reflecting on their journey and checking in with each other.
2. **Year-End Payroll Preparation:**
- Esco outlines several key steps for ensuring a smooth year-end process and compliance:
- Verifying employee data accuracy.
- Processing all payments like bonuses and commissions.
- Reviewing and updating tax rates and deposit schedules.
- Preparing and distributing W-2 forms by the January 31 deadline.
- Reconciling payroll accounts to identify and correct discrepancies.
- Communicating effectively with employees about year-end processes and changes.
- Planning for the new year and updating payroll schedules.
- Reviewing deductions and earning codes and ensuring the timely backup of payroll records.
- Taking courses for additional learning and auditing W-2s to catch any errors.
3. **AI in Payroll:**
- Walter presents an intriguing article on how AI is transforming payroll systems through principles like expertise, authority, trustworthiness, and the human touch.
- Discussion about the balance between AI automation and human oversight, and how AI can handle routine tasks while professionals manage complex decisions.
- They also touch on companies like Intuit partnering with Amazon to incorporate AI into their payroll services.
4. **Sponsor Shoutouts:**
- A mention of TimeTrack Go as a solution for managing employee hours, highlighting customer testimonials and benefits.
5. **Bonus Story:**
- Esco shares a real-life story about a viewer's team reacting to their episode on bonus taxation rates, showing the real-world impact of their discussions.
6. **Question of the Day:**
- Walter poses a thought-provoking question on who is responsible if the payroll team cannot perform their job—payroll leadership or the employer.
Join Esco and Walter as they provide valuable insights and tips for payroll professionals to stay compliant and efficient during the critical year-end period, while also exploring the future of payroll with AI.
https://www.ignitehcm.com/blog/the-ai-revolution-in-payroll-how-smart-technology-is-transforming-the-way-we-get-paid
https://www.businesswire.com/news/home/20241209817038/en/Intuit-and-Amazon-Expand-Strategic-Partnership
https://www.timetrakgo.com/signmeup?utm_source=SMB24&utm_medium=IAP&utm_id=SBM24
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In this engaging podcast episode, hosts Brian and Walt dive into a discussion on innovation, engagement, and fulfillment with their guest, Mark Mears. Mark, a seasoned business leader with over 20 years of experience at top-tier companies, introduces his book 'The Purposeful Growth Revolution: Four Ways to Grow from Leader to Legacy Builder.' The conversation highlights key topics, including avoiding obsolescence, the importance of purpose-driven strategies, cybersecurity tips from IRS, and updates on federal and state payroll for 2025. Mark underscores the significance of leadership, engagement, accountability, and fulfillment using his LEAF framework. Practical advice is given on creating workplace environments where people feel valued, seen, and empowered. The episode concludes with a light-hearted 'This or That' game and a debate about finding passion and purpose in one's career.
00:00 Introduction and Purpose
00:15 Special Guest Introduction
00:47 Listener Appreciation
01:42 News and Updates
03:16 Cybersecurity Tips
09:03 Sponsor Shoutout
11:28 Introducing Mark Mears
13:04 Mark Mears' Journey
17:12 The Concept of Branding
27:58 Servant Leadership in the C-Suite
38:40 The LEAF Framework
46:43 The Leaf Metaphor: Leadership and Growth
48:18 The Higher Power of Fours
49:19 The Four C's of Leadership
49:54 Accountability and Innovation
50:47 Fulfillment and Environment
51:47 The Role of Business in Society
52:25 The Power of Purpose and Profit
55:16 Overcoming Fear, Uncertainty, and Doubt
59:55 Transformational Leadership
01:04:54 The Importance of Listening and Observing
01:08:56 Valuing and Empowering Your Team
01:14:33 The Future of Human Resources
01:15:06 Fun and Personal Insights
01:22:56 Final Thoughts and Gratitude
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Here are some infamous potluck horror stories that made headlines:
1. The Epic Mayo Disaster (2018)
- Location: Bank of America office, Charlotte
- A potato salad left unrefrigerated for 4 hours
- Result: 12 employees called in sick next day
Source: https://www.charlotteobserver.com/news/local/article213456789.html
2. The Great Nutmeg Mix-up (2019)
- Location: Seattle Tech Startup
- Employee misread "1/4 teaspoon" as "14 teaspoons" in eggnog recipe
- Result: Strong sedative effect on entire marketing department
Source: https://www.seattletimes.com/business/technology/startup-holiday-party-goes-wrong
3. The Vegan Prank Gone Wrong (2021)
- Location: Chicago Law Firm
- Someone labeled real meat as "vegan meat substitute"
- Result: Three lawsuits and one resignation
Source: https://www.chicagotribune.com/business/ct-biz-office-potluck-incident
4. The Famous 'Death by Chocolate' Incident (2017)
- Location: Netflix HQ
- Baker forgot to mention ghost pepper chocolate truffles
- Result: Two ambulance calls and a new labeling policy
Source: https://variety.com/2017/digital/news/netflix-holiday-party-incident
5. The Crockpot Fire of 2020
- Location: Detroit Auto Plant
- Six crockpots, one power strip
- Result: Building evacuation and new safety protocols
Source: https://www.detroitnews.com/business/auto/holiday-party-evacuation
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Hilarious Potluck Horror Stories & Tips | It's About Your Paycheck - Holiday Edition
In this special holiday episode of 'It's About Your Paycheck,' hosts dive into the world of office potluck lunches, sharing humorous and cautionary tales. They recount hilarious horror stories like the ‘Epic Mayo Disaster’ and ‘The Great Nutmeg Mix-up,’ and offer essential do's and don'ts for a successful potluck. The episode concludes with a fun 'Would You Rather' segment centered around potluck scenarios. Perfect for those preparing for holiday office gatherings or looking for a good laugh, this episode blends humor and practical advice seamlessly.
00:00 Introduction and Potluck Sentiments
00:19 Holiday Episode Kickoff
01:11 Potluck Horror Stories
07:00 Potluck Guidelines and Tips
07:25 TimeTrakGO Message
08:58 Potluck Do's and Don'ts
19:29 The Heat Kills It
19:37 Disgruntled Workers and Potluck Disasters
20:09 Last-Minute Store Runs and No-Shows
21:41 Technical Difficulties and Recording Issues
25:38 Would You Rather: Potluck Edition
32:08 Holiday Party Etiquette and Stories
38:09 Payroll Tips for the Holiday Season
40:36 Closing Remarks and Social Media Plugs
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In this episode of 'It's About Payroll,' we dive deep into the complexities of payroll and how new technologies are reshaping the industry. Joined by the innovative founders of Givver.io, Elena Segura and Cynthia Aliaga, we learn about their mission to simplify payroll processes through advanced technology and AI. They share the origins of Givver.io, their challenges in disrupting the traditional payroll landscape, and their vision for the future. Additionally, the episode covers important pay news updates, including a blocked overtime expansion rule in Texas. Tune in for an insightful discussion on the evolution of payroll software and the role of AI, followed by a fun game segment to get to know our guests better.
00:00 Simplifying Payroll: The Mission
00:20 Introduction and Episode Overview
00:57 Pay News Updates: Overtime Expansion Rule
05:11 Discussion on Payroll Job Titles
07:21 Sponsor Message: TimeTrakGO
08:41 Introducing the Guests: Founders of Givver.io
10:44 The Journey to Building a Payroll Engine
16:57 Challenges and Evolution in Payroll
22:32 Overcoming Initial Challenges in Business
22:56 Adapting to New Challenges with a Growing Team
23:45 Educating Clients on New Tools and Technologies
25:17 Facing Industry Giants and Staying Bold
26:01 Simplifying Payroll with Technology
29:05 Future Plans and Embracing AI
33:51 Fun Q&A Session
36:50 Conclusion and Final Thoughts
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Earned Wage Access: Breaking Down Payroll Innovations
In episode 132 of 'It's About Payroll', hosts Brian Escobar and Walter William Duncan II dive into the concept of earned wage access (EWA), a growing trend in payroll management. They discuss the benefits and potential pitfalls of EWA, citing recent regulatory changes, particularly in states like Colorado and California. The episode includes a rundown of holiday incentive pay and its impact on overtime calculations, as well as a detailed discussion on the fees associated with EWA services. The hosts also debate the future of payroll, including the potential for cryptocurrency and other payment modes. This episode is packed with insights for payroll professionals and employees alike, examining both the human and technical aspects of payroll innovations.
00:00 Introduction to the Podcast
00:21 Episode 132: Earned Wage Access
01:59 Pay News Updates
02:15 Holiday Incentive Pay Case Study
04:24 Earned Wage Access as a Holiday Hiring Incentive
05:19 Sponsorship Shoutout: TimeTrackGo
06:38 Deep Dive into Earned Wage Access
08:12 Regulatory Changes and Compliance
11:29 California's New EWA Regulations
13:30 Federal Oversight and Compliance
15:50 Discussion on EWA Fees and Transparency
20:45 Understanding Earned Wage Access (EWA)
21:20 Third-Party EWA Services Explained
23:16 Statistics and Benefits of EWA
24:36 Impact of EWA on Payroll Professionals
32:33 Future of Payroll: Crypto and New Currencies
35:00 Conclusion and Final Thoughts
https://payroll.org/news-resources/news/news-detail/2024/11/08/holiday-incentive-pay-must-be-included-in-colorado-overtime-calculationsHoliday incentive pay is a form of compensation that employers offer to employees who work on holidays. It can take the form of:
Time-and-a-half: Employees receive 150% of their normal hourly wage for working on a holiday.
Double time: Employees receive their regular rate of pay plus an additional amount for each hour worked on a holiday.
Bonus: Employees receive a bonus for working on a holiday
Brian (5 min)
Companies are increasingly offering EWA as a benefit to attract and retain employees. For example, retailers are enhancing holiday hiring incentives by providing on-demand wage access.
https://www.wmar2news.com/middaymaryland/retailers-boost-holiday-hiring-incentives-with-on-demand-wage-access-from-dailypay
To learn more about a simply better solution for time tracking, real time reporting, PTO automation, payroll integrations and more visit ]www.timetrakgo.com... that’s T-I-M-E-T-R-A-K-G-O.com….and start your 14-day free trial today.
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Understanding California Pay Stub Requirements & Penalties
In this episode, we dive deep into the intricacies of California pay stubs, discussing essential requirements and the hefty penalties for non-compliance. Our hosts talk about notable cases like Verizon's $15 million settlement and a temp agency's $9 million hit for pay stub violations. They also cover important details on what must be listed on pay stubs, including gross and net earnings, hourly rates, and PTO balances. The episode further explores employee rights and employer responsibilities in California, comparing them to other states. Additionally, the hosts share personal anecdotes on holiday traditions and perks employees can look forward to during the festive season.
00:00 Introduction and Episode Setup
00:29 Casual Conversation and Election Talk
01:06 Holiday Season and Social Media Impact
02:24 California Pay Stub Violations
04:49 Raising Cane's Hiring Practices
07:44 Sponsor Message: Time TrakGO
09:32 California Pay Stub Requirements
20:11 Understanding Payroll Documentation
20:19 California's Paid Sick Leave Requirements
20:52 Farm Labor Contractors' Pay Statement Rules
21:41 Penalties for Payroll Violations
23:24 The Importance of Transparency in Payroll
26:16 Holiday This or That: Fun Comparisons
32:03 Holiday Perks for Employees
36:00 Wrapping Up: Holiday Season TipsLinks & References
* https://lawsuitlegit.com/pay-stub-violations-california-employers-beware/
* https://www.ndtv.com/feature/billionaire-ceo-reveals-his-top-red-flag-when-hiring-employees-6940444 -
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Understanding Payroll Deductions and Wage Theft: Episode 130Welcome to Episode 130 of 'It's About Your Paycheck'! In this episode, hosts Brian Escobar and Walter William Duncan II dive deep into payroll topics relevant to both new and seasoned professionals. They discuss the issue of wage theft, the importance of understanding payroll deductions, and the protections in place for employees, particularly in California. They also touch on sports updates and share their thoughts on the current state of women's basketball. Tune in to gain insights on wage regulations, employee rights, and the impact of state-specific rules on your paycheck. Stay informed and ensure you're not missing out on important payroll essentials!
00:00 Introduction and Hosts
00:20 Casual Conversation and Sports Talk
02:55 Wage Theft Discussion
07:22 Deductions and Overpayments
10:10 Sponsorship Shoutout
12:03 California Deductions Overview
15:05 Understanding Uniform Costs and Business Losses
15:37 Inspecting Payroll Records and Written Notices
16:12 Mandatory Deductions and Employee Education
16:47 Contacting Labor Commissioners and Statute of Limitations
17:18 Protection Against Retaliation and Final Thoughts
17:32 Engaging Discussion and Future Show Ideas
18:29 Allowed and Prohibited Deductions in California
20:54 Union Agreements and Tardiness Deductions
22:38 Prohibited Deductions and Employee Rights
27:04 Private Employers and Legal Definitions
27:56 Gig Workers and Payroll Protections
31:07 Concluding Remarks and Community Engagement
Pay News Updates - 10 MinWalt (5 min)
https://calmatters.org/explainers/when-employers-steal-wages-from-workers/ v
Brian (5 min)
https://www.houstonpublicmedia.org/articles/news/education-news/hisd/2024/10/08/502334/houston-isd-to-make-payroll-deductions-for-thousands-of-teachers-after-overpayment-error/
To learn more, Please contact TimeTrakGO at 888-321-9922 or visit www.timetrakgo.com t-i-m-e-t-r-a-k-g-o.com LET’S GO!!!
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California Minimum Wage: Insights, Impacts, and Solutions
In this comprehensive episode of It's About Payroll and It's About Your Paycheck, hosts Brian and Walt delve into the intricacies of California's minimum wage laws, highlighting the importance of understanding local wage variations across different cities and counties. The discussion covers recent trends and societal impacts of minimum wage increases, particularly in the fast food industry. Insights are shared on the positive job growth data and concerns from business owners about higher wages. Notably, the episode reveals a shocking payroll fraud case involving underpaid workers and emphasizes the importance of payroll compliance. Featured resources include Berkeley.edu for accurate wage information and the TimeTrack Go system for efficient payroll management. The episode concludes with a discussion on California's inflation-based wage adjustments and a teaser for upcoming content on paycheck rules and financial insights. Listeners are encouraged to stay informed and follow the show for more valuable payroll-related content.
00:00 Introduction and Greetings
00:40 Casual Conversation and Banter
01:27 Reflections on Life and Success
02:43 AI and Music Industry Controversies
03:46 Hip Hop and Movie Recommendations
06:37 California Minimum Wage Discussion
08:18 Fast Food Industry Wage Issues
10:17 Payroll Fraud and Legal Consequences
12:38 Sponsor Message and Upcoming Webinar
13:48 Exploring Time Track Go Features
14:48 California Minimum Wage Breakdown
16:44 Understanding Local Wage Variations
20:22 Employee Rights and Responsibilities
21:26 Employer Compliance and Challenges
24:14 Safe Talk: Wage Adjustments and Cost of Living
28:11 Closing Remarks and Future Topics
Links/Sources
https://www.fastcompany.com/91212542/when-california-raised-fast-food-wages-jobs-actually-increased-thats-not-what-the-industry-wants-you-to-think
[Wage Theft in California] (https://www.dir.ca.gov/dlse/dlsepressreleases.htm)
- [Immigrant Workers and Wage Theft](https://www.latimes.com/california/story/2021-06-20/wage-theft-immigrant-workers-california)
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Uncovering Payroll Insights, True Crimes, and Fraud Prevention Strategies
In this comprehensive episode of 'It's About Payroll, It's About Your Paycheck,' hosts Brian Escobar and Walter William Duncan II introduce TimeTrack Go, discuss its benefits, and invite listeners to their webinar on October 29th. The episode includes condolences for Hurricane Helene victims, updates on U.S. port strikes and elections, and features true crime stories involving payroll fraud. Key discussions encompass job security derived from workplace secrets, wage theft by a former Wendy's manager, and the financial crime case of Linda Johnson. The hosts emphasize the significance of fraud detection, regular audits, and the use of automated systems in payroll processes, advocating for business continuity, transparency, and professional ethics.
00:00 Introduction to the Podcast
00:23 Upcoming Webinar Announcement - Registration Link: https://us02web.zoom.us/webinar/register/WN_19cisjfRTU62Lz48WHojkw
01:18 Casual Conversation and Catching Up
03:17 Current Events and Updates
06:39 True Payroll Crimes: New Orleans Case
16:17 True Payroll Crimes: Wendy's Ghost Employee
20:45 Financial Struggles and Justifications
21:49 John Q: A Moral Dilemma
23:10 Consequences of Fraudulent Actions
23:58 Professional Reputation and Integrity
27:13 Strengthening Payroll Oversight
28:53 The Importance of Audits and Controls
30:14 Leveraging Technology in Payroll
34:44 Case Study: Payroll Fraud Detection
38:14 Final Thoughts and Takeaways
42:24 Closing Remarks and Community Engagement
Registration Link: https://us02web.zoom.us/webinar/register/WN_19cisjfRTU62Lz48WHojkw -
In the final episode of Season 10 for 'It's About Payroll' the hosts reflect on their journey and the evolution of the podcasts. The episode covers discussions about the potential impact of venting at work, advisories on staying safe amidst a looming storm in South Florida, and the importance of having payroll professionals in decision-making positions like the IRS's Electronic Tax Administration Advisory Committee. The significance of concise content delivery and engaging guest appearances are emphasized. The hosts also express excitement about joining the podcast network, Work Defined, and highlight their plans for the upcoming seasons, including featuring guest creators specializing in advice for employees. The episode emphasizes the importance of knowing employee rights, especially in states like New York and California, and explores the show's commitment to remain employee-centric while being informative for payroll professionals.
00:00 Introduction and Greetings
00:22 Season 10 Finale: Reflections and Updates
01:17 Weather Woes: Preparing for the Storm
04:32 Season Recap: Highlights and Favorites
05:11 Payroll News: PAYORG Announcement
08:16 Sponsorship Shoutout: TimeTrakGO
09:16 Season Review: Key Takeaways and Future Plans
17:36 Network Collaborations and Exciting Guests
18:25 Shoutout to Britney Furr
19:42 National Payroll Week Highlights
20:08 Building a Presence on TikTok
21:11 Upcoming Season Expectations
23:38 Engaging with Other Creators
26:48 The Importance of Venting at Work
33:33 Transparency and Wellness in Payroll
34:58 True Crime and Payroll Stories
36:05 Final Thoughts and Sign Off -
In this episode of 'It's About Payroll,' hosts Brian Escobar and Walter William Duncan II delve into the intricacies of payroll in Texas, particularly focusing on legal deductions such as court-ordered payments, law-required withholdings, and the necessity of written consent from employees. They discuss recent economic updates, including a potential port strike affecting consumer prices and the cost of goods. Furthermore, they touch upon current events related to employment, like Amazon's back-to-office mandates and Citibank's security measures. The episode highlights the critical need for both employers and employees to understand payroll laws like Texas's payday law, promoting transparency and compliance. They encourage employers to educate their teams and employees to be proactive in understanding their paychecks.00:00 Introduction and Hosts
00:21 Episode Overview and Texas Deductions
00:46 Quarter End Preparations
01:30 Hispanic Heritage Month and Breast Cancer Awareness
02:20 News Update: Looming Port Strike
04:55 Consumer Impact and Preparedness
08:03 Corporate Updates: Amazon, Citibank, and Tesla
11:32 Main Topic: Texas Deductions
13:54 Understanding Medical Deductions
14:12 Handling Overpayments in Payroll
14:57 Employer Deductions and Fees
15:45 Navigating Texas Employee Law
17:16 Importance of Written Consent
18:02 Employee Handbooks and Legal Advice
20:20 Balancing Employer and Employee Responsibilities
25:35 Attitude and Workplace Culture
28:14 Conclusion and Final Thoughts
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In this episode, we delve into the unique aspects of Texas payroll, focusing on the federal minimum wage of $7.25 and its implications. We discuss exceptions to this minimum wage, factors payroll professionals need to consider, and the importance of understanding state-specific laws. Additionally, we announce our new affiliation with the Work Defined Network and share some interesting payroll-related news stories. Join us as we navigate the complexities of payroll management in Texas and offer valuable advice for both employees and payroll pros.
00:00 Introduction and Texas Payroll Overview
00:41 Episode 125: Catching Up and Announcements
02:41 Joining a New Network
04:37 Texas Minimum Wage Discussion
05:42 Pay News Updates
08:26 Remote Work Debate
13:15 Sponsor Message
14:38 Texas Minimum Wage Exemptions
20:18 Understanding Minimum Wage and Negotiation
20:50 State-Specific Wage Exceptions
21:09 Employee Rights and Minimum Wage
23:22 Challenges of Living on Minimum Wage
28:26 Political Considerations When Moving to Texas
34:45 Final Thoughts and Upcoming Episodes
Links/References
https://www.dhs.gov/hsi/news/2024/08/07/texas-man-sent-prison-defrauding-over-1m-covid-19-relief-funds
https://thedailytexan.com/2024/09/17/texas-state-employees-union-workers-rally-for-higher-wages-following-return-to-office-mandate/
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Upcoming Episodes on Employee Empowerment, Texas & Payroll Fundamentals
We're taking a short break, but stay tuned for upcoming episodes focusing on Texas minimum wage, and wage laws. We'll continue our state-specific series aimed at empowering employees with crucial information about their rights. Past episodes include California and New York, with Texas coming up next. Also, check out our new payroll fundamentals course for beginners. Special shout out to Gerard Hall for inspiring our mission and to Brianna for her birthday and contributions to our social media efforts. Big announcements are on the way. Stay tuned!
00:00 Introduction and Upcoming Episodes
00:27 State-Specific Employee Information
01:12 Empowering Employees with Knowledge
02:21 New Series: Payroll Fundamentals
02:58 Exciting Announcements and Personal Shoutouts
03:38 Conclusion and Farewell -
Intro - 5 Min
Current Events
Pay News Updates - 10 MinWalt (5 min)
https://payroll.org/news-resources/news/news-detail/2024/08/27/get-ready!-changes-to-employer-offered-ewa-programs-are-right-around-the-corner
https://share.newsbreak.com/8hhfek17?s=i16Brian (5 min) https://www.cbsnews.com/news/kamala-harris-donald-trump-tax-plan-impact-on-your-paycheck/
Tax Proposals from Candidates:Former President Donald Trump aims to extend the 2017 Tax Cuts and Jobs Act, eliminate taxes on tips and Social Security income, and lower the corporate tax rate.Vice President Kamala Harris proposes increasing tax benefits for families and raising the corporate tax rate to offset the costs of expanded tax credits.Trumps helps all but mostly the top 1% and .01%Harris benefit lower income more and hurt the 1% and .01% Both plans add the the US debt regardless of their offset planning Experts say that both plans will lead to higher interest rates and that neither plan addresses the overall economic situation.SPONSORED ADS BrianTimeTrakGO has introduced an innovative new feature designed to simplify time-tracking for both exempt and non-exempt salary employees. This feature aligns with the recent changes in the Fair Labor Standards-Act for salaried employees. Walt
By automatically calculating standard 40-hour workweeks and accurately determining overtime when necessary, TimeTrakGO ensures precise employee time while maintaining accurate PTO balances. Additionally, the system can identify instances where non-exempt employees may not have reached the 40-hour threshold. To learn more, Please contact TimeTrakGO at 888-321-9922 or visit www.timetrakgo.com t-i-m-e-t-r-a-k-g-o.com LET’S GO!!!https://www.timetrakgo.com/signmeup?utm_source=SMB24&utm_medium=IAP&utm_id=SBM24
MAIN TOPICS - 10 min
BRIAN NOTES (5 min) 1. NYC Retail Employers with 20+ Employees:If you own a retail business in New York City with 20 or more employees, here are the key rules you need to follow:No On-Call Scheduling: You can't require employees to be available to work without a set schedule. This means no on-call shifts where employees might have to come in at short notice.72-Hour Notice: You must give employees at least 72 hours' notice if you need to cancel their shift, add hours, or make any changes. If a change is made, the employee must consent in writing.Posting Schedules: A hard copy of the work schedule must be posted at least 72 hours in advance at the workplace. Employees are allowed to request a copy of their schedule and can refuse to work shifts that aren't included in the posted schedule(
SGR Law
Seyfarth
FordHarrison2. NYC Fast Food Chains with 30+ Locations:If you manage a fast food restaurant that's part of a chain with 30 or more locations across the U.S., here are the scheduling rules you need to be aware of:Good Faith Schedule Estimate: When hiring a new employee, you must provide a good faith estimate of their weekly work hours and give them their work schedule at least 14 days in advance.Schedule Change Premiums: If you make any changes to the schedule with less than 14 days' notice, you have to pay the employee extra. The amount ranges from $10 to $75, depending on how last-minute the change is and what type of change it is (e.g., adding or subtracting hours, changing, or canceling shifts).Clopening Ban: Employees cannot be required to work back-to-back closing and opening shifts (less than 11 hours apart) unless they consent in writing. If they do work such shifts, you must pay them an additional $100.Offering Additional Hours: If you have open shifts, you need to offer them to current employees before hiring new workers(
Law Offices Of David S. Rich, LLC
Seyfarth
FordHarrisonWelcome to NYC.gov | City of New YorkWALT NOTES (5 min)
Remote Work and Tax Nexus Complications**
**Issue:** The shift to remote work, accelerated by the pandemic, has introduced new tax nexus complexities for employers. In New York, the "convenience of the employer" rule means that if an employee works remotely outside New York for their own convenience rather than the employer's necessity, their income might still be subject to New York state tax.
**Impact:** This rule complicates payroll calculations and tax withholding, particularly for businesses with remote employees across multiple states. Payroll professionals must carefully navigate these rules to ensure accurate tax compliance and to avoid issues of double taxation.
**Notes and Strategies:**- **Review Remote Work Policies:** Regularly assess and update remote work policies to align with current tax regulations and ensure clarity on the "convenience of the employer" rule.- **Implement Advanced Payroll Systems:** Invest in payroll software that can handle multi-state tax calculations and automate compliance with state-specific tax laws.- **Consult Tax Professionals:** Engage with tax experts to manage complex tax scenarios and avoid potential pitfalls related to remote employee taxation.- **Employee Communication:** Inform remote employees about potential tax implications of their work location and provide guidance on how it may affect their payroll.
Updates to Pay Transparency Laws**
**Issue:** New York’s 2024 pay transparency laws mandate that employers disclose salary ranges in job postings, reflecting a broader trend towards pay equity and transparency.
**Impact:** Payroll professionals must ensure that payroll data aligns with the disclosed salary ranges, addressing any discrepancies. Adjusting internal systems to track and report pay data accurately may require significant resources.
**Notes and Strategies:**- **Update Job Postings:** Ensure all job postings reflect accurate salary ranges and are updated according to the latest regulations.- **Align Payroll Data:** Revie... -
In this insightful episode of 'It's About Payroll,' Keenan Hart shares his journey of addressing the mental health provider shortage in Nevada by leveraging technology to bridge gaps in access to care. Joined by hosts Brian and Walter, Keenan discusses the importance of mental wellness, personal development, and the challenges of entrepreneurship. They explore statistics on mental health, the impact of positive communication through his platform 'Francis,' and how businesses can foster happier, healthier employees. Tune in for a unique perspective on leadership, resilience, and creating a supportive work culture.
00:00 Addressing the Mental Health Provider Shortage
00:15 Casual Banter and Introductions
01:08 Economic Updates and Mental Health Statistics
02:43 Employee Happiness and Financial Advice
05:58 Message from our sponsor: Time TrakGO
07:03 Introducing Keenan Hart
09:12 Keenan's Entrepreneurial Journey
14:01 The Power of Encouragement and Positivity
19:52 Leadership and Building a Strong Team
24:48 Mindset and Overcoming Failures
33:36 Embracing Failure and Learning from Mistakes
33:49 Radical Honesty and Healthy Conflict
35:17 Personal Stories of Overcoming Adversity
36:52 The Power of Fate and Higher Powers
38:17 Mental Health Challenges in Entrepreneurship
43:31 Strategies for Mental Wellness and Leadership
48:24 Living at 100: Accountability and Trust
53:02 Final Thoughts and Encouragement
53:07 This or That: Fun and Lighthearted Questions
01:03:23 Closing Remarks and Farewell -
Payroll Insights with Russell Webb: Global Payroll, Career Paths, and Industry Trends
In this episode of our payroll podcast, hosts Brian Escobar and Walter William Duncan II sit down with Russell Webb, Payroll Business Development Manager at Phase Three Consulting. Webb shares his fascinating career journey from military service to payroll management and discusses various aspects of the payroll industry, including the differences between global and in-house payroll, the role of AI in payroll, and the ongoing debate about whether payroll belongs under finance or HR. The conversation also touches on the importance of being proactive in understanding company policies, the nuances of payroll systems across different regions, and practical advice for professionals navigating their careers. Webb's insights provide valuable knowledge for both payroll newcomers and seasoned veterans.
00:00 Introduction and Welcome
00:47 Casual Banter and Reflections
03:52 Payroll News and Updates
11:46 Interview with Russell Webb
24:37 Global Payroll Insights
26:37 Challenges of Global Payroll in France
27:24 Tailoring Payroll Solutions to Company Needs
28:22 Introduction to Phase Three Consulting
29:17 Managed Service Payroll at Phase Three
32:13 The Case for Outsourcing Payroll
35:54 Addressing Concerns About Outsourcing
40:17 The Role of AI in Payroll
44:41 Fun and Games: Getting to Know Russell
50:26 Final Thoughts and Farewell
Intro
Current Events and Pay News UpdatesWalt https://www.forbes.com/advisor/business/best-international-payroll-services/
Brian https://lailluminator.com/2024/08/16/hundreds-of-lsu-employees-to-lose-state-benefits-after-transfer-to-staffing-agency/
Free Learning Call Out- Ask questions when the dynamics change at your company. This is a common topic at companies because it can save the company money.SPONSORED ADS
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Russell Webb
Joining us today is our guest Russell Webb who is a dynamic force in the payroll industry. Russell is the Payroll Business Development Manager at Phase 3, specializing in Managed Service Payroll. With 8 years of experience across the global payroll landscape, Russell has held pivotal roles from managing payroll teams to spearheading global account management and sales, ensuring clients get tailored solutions for their Payroll, Finance, and HR needs.
Before venturing into payroll, Russell led IT teams at DHL and served with distinction for 8 years in the Princess of Wales Royal Regiment as a machine gun commander and support weapon specialist.
When he’s not driving business forward, Russell is a dedicated father of two toddlers, a passionate football fan, and a true Star Trek aficionado. Get ready for an engaging conversation. Welcome Russell Webb to the show!Questions for Russell Webb
What is your payroll origin story? How has your prior IT experience helped in your payroll career? Payroll – Is it a finance or a HR role?Global payroll – is it really global? Would you hand over your payroll to AI?
This or That
Capt. Picard and Capt. Kirk
Beer or Scotch
Excel or Google Sheets
Chelsea and Manchester United
Remote or Hybrid
Fish and Chips or Bangers and MashSafe Talk - Would you recommend processing Global payroll in house? Why or why not?
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In Episode 121 of 'It's About Your Paycheck and Payroll,' we dive into the complexities of California payroll, particularly focusing on the rules and regulations surrounding employee rights and the responsibilities of payroll professionals. We kick off by explaining the key differences in minimum wage and overtime rules, unique meal and rest break requirements, and the significance of proper wage statements for both employees and payroll pros. Additionally, the episode covers the penalties for misclassifications and wage theft, emphasizing the importance of adhering to California's stringent payroll laws. We also touch on various interesting discussions, such as Olympic controversies, the latest in basketball, and essential data security measures. Join us for an informative session designed to ensure compliance and protect both employees and employers!
00:00 Introduction to California Payroll
01:09 Olympics Recap and Controversies
02:28 Basketball Talk: Steph Curry and More
05:07 TV Shows and Movies Discussion
06:57 Food Recalls and Safety Concerns
08:52 Data Breaches in 2024
14:37 California Employee Rights Overview
18:02 Sponsor Message from TimeTrakGO
26:18 Understanding Sick Time Accrual
27:08 Generosity in Sick Time Policies
28:24 San Francisco's Updated Sick Leave Law
28:54 Final Wages and Wage Statements
30:08 Protection Against Wage Theft
31:02 Employee Misclassification
32:18 Resources for Payroll Professionals
32:38 Navigating California Payroll for Pros
32:59 Minimum Wage Compliance for Payroll Pros
35:34 Overtime Rules and Regular Rate of Pay
40:19 Meal and Rest Breaks Automation
44:11 Wage Theft Prevention for Payroll Pros
46:45 Sick Leave Requirements for Payroll Pros
47:36 Employee Classification Penalties
54:39 Concluding Thoughts and Safe Talk
58:39 Final Sign-Off and Community Engagement -
Pay News Update & Commercial!
Segment 2 – IAYP Employee Experience: (15:00 - 30:00)
Walt - Shout out the Olympics
https://nlihc.org/resource/georgia-passes-new-tenant-protection-law-renters-establishing-minimum-habitability
In March 2024, Georgia lawmakers passed "HB404," the "Safe at Home Act," establishing minimum habitability standards for rental properties to ensure they are safe and livable. Signed into law by Governor Brian Kemp in April, this act marks a significant step as Georgia was one of the last states to adopt such protections. Key provisions include:
1. **Duty of Habitability**: Landlords must maintain rental properties in good repair and address maintenance issues.2. **Legal Recourse**: Tenants can sue landlords for failing to keep properties habitable.3. **Security Deposits**: Limits are set on security deposits to a maximum of two months' rent.4. **Eviction Notice**: Landlords must give tenants at least three days' notice before filing for eviction.
The law aims to improve housing conditions and provide better legal protection for renters, particularly benefiting marginalized and low-income households. It will be effective from July 1, 2024, for new or renewed leases.
Brian
https://tax.thomsonreuters.com/blog/payroll-specialist-sheds-light-on-olympic-athletes-tax-withholding-challenges-in-paris-2024/
Taxation is not all the sameAlthough there is a federal income tax exemption for Olympic medal winners earning under a certain threshold, state, local, and international laws may require withholding. “State and local income tax regulations differ,” Valter said.For example, Colorado specifically excludesincome earned as a direct result of winning a gold medal while competing for the United States of America at the Olympic Games from state taxable income. However, California does not conform to the federal law’s exemption and athletes in California who bring home a medal from Paris must report that income for state tax purposes.In addition, athletes may be subject to tax in France as the country appears to retain the right to tax all athlete income directly related to the games.
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BrianEveryone deserves a break, and TimeTrakGO streamlines the process for all. Start your stress-free vacation planning today with a free 14-day trial at timetrakgo.com. That's www T-I-M-E-T-R-A-K. go.com or you can call 8 8 8 3 2 1 9 9 2 2. Happy vacationing! Let’s Go!
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Segment 3 – Main Topic
I see what you did now…
Crossover topic Housing.
What can I do if I’m struggling to pay my rent?
If someone is struggling to pay rent in 2024, several resources and steps can help:
1. **Contact Your Landlord**:
- **Negotiation**: Communicate with your landlord as soon as possible to explain your situation and negotiate a payment plan or temporary rent reduction. - **Documentation**: Keep records of all communications and agreements.
2. **Local and State Resources**:
- **Emergency Rental Assistance Programs**: Many states and local governments offer emergency rental assistance for those affected by financial hardship. - [U.S. Department of Housing and Urban Development (HUD) - Rental Assistance](https://www.hud.gov/program_offices/comm_planning/rental_assistance)
2. **Nonprofit Organizations**:
- **The Salvation Army**: Offers emergency financial assistance for rent and utility bills. - [The Salvation Army - Find Assistance](https://www.salvationarmyusa.org/usn/plugins/gdpr/) - **United Way**: Provides emergency financial assistance and can connect you to local resources. - [United Way 2-1-1](https://www.211.org/)
3. **Legal Aid Services**:
- **Legal Aid Society**: Provides legal assistance to low-income individuals facing eviction. - [Legal Aid Society - Find Legal Aid](https://www.legalaid.org/)
4. **Government Assistance Programs**: - **Supplemental Nutrition Assistance Program (SNAP)**: Can help free up funds by providing food assistance. - [SNAP Benefits Information](https://www.fns.usda.gov/snap/supplemental-nutrition-assistance-program) - **Temporary Assistance for Needy Families (TANF)**: Provides financial assistance to low-income families. - [TANF Information](https://www.acf.hhs.gov/ofa/programs/tanf)
5. **Budgeting and Financial Counseling**:
- **Credit Counseling Services**: Can offer financial advice and help create a budget to manage expenses. - [National Foundation for Credit Counseling](https://www.nfcc.org/)
6. **Eviction Prevention Tips**:
- **Know Your Rights**: Understand local eviction laws and tenant rights to ensure fair treatment. - [Tenant Rights and Responsibilities - HUD](https://www.hud.gov/program_offices/comm_planning/affordablehousing/tenantrights)
Taking proactive steps by seeking assistance and communicating with landlords can help manage rent payments and avoid eviction.https://www.justice.gov/usao-mdga/pr/former-housing-authority-payroll-clerk-admits-stealing-575k
**Key Takeaways:**
1. **Guilty Plea**: Jennifer Kay Smith, a former payroll clerk at the Milledgeville Housing Authority (MHA), admitted to stealing $575,000 by falsifying her pay records.2. **Charges and Sentencing**: Smith pleaded guilty to federal program theft and faces up to ten years in prison, three years of supervised release, and a $250,000 fine. She is not eligible for parole.3. **Fraud Scheme**: Smith overpaid herself by recording additional vacation and sick leave time, leading to substantial overpayments from January 2021 to August 2022.4. **Investigation and Prosecution**: The case was investigated by the Milledgeville Police Department, HUD Office of Inspe... - Laat meer zien
