Payroll in the news 5-31-2023

In this episode of 'It's About Payroll,' hosts Brian Escobar and Walter William Duncan III delve into the evolving world of payroll, the impact of AI in HR processes, and the importance of financial wellness programs. The podcast features a comprehensive discussion with guest Nov Omana, a titan in HR technology, exploring his journey in payroll, advancements in HR technologies, and strategies for enhancing operational efficiencies. The episode covers a range of topics from AI's role in HR to the significance of financial wellness, offering insights into how these elements are reshaping the workforce. Nov also shares thoughts on the future of payroll systems and the integration of AI and technology in creating more efficient, comprehensive HR solutions. This conversation is a must-listen for HR and payroll professionals looking to understand the future of their fields and how to best adapt and thrive in an ever-changing landscape.

00:00 Introduction to Financial Wellness
00:18 Welcome to the Payroll Podcast
00:52 AI in HR: Current Trends and Opinions
02:24 AI's Impact on Jobs and Education
05:23 Introducing Guest Speaker: Nov Omana
07:20 Nav Omana's Journey into Payroll
09:04 Collective HR Solutions and the Role of Analytics
09:19  A message from our Sponsor - Time TrakGO
10:33 The Power of AI in HR and Payroll
12:21 The Future of Payroll with AI
14:40 The Role of AI in Workforce Information
15:46 The Importance of Accurate Data for AI
16:40 The Human Element in Payroll
30:34 Embracing Change and the Role of AI
31:40 AI in Change Management
32:27 The Power of Feedback and Customer Surveys
32:52 Financial Wellness in Companies
33:36 The Importance of Financial Wellness Programs
38:13 AI in Financial Wellness
41:13 The Future of HR and Payroll
44:53 The Role of AI in HR and Payroll
47:07 The Impact of Financial Wellness on Employees
47:30 The Future of Benefits and Financial Wellness
53:17 Closing Thoughts and Advice for HR and Payroll Professionals

Links for Pay News
https://www.businesswire.com/news/home/20240229992996/en/39-of-Employees-Believe-Current-Level-of-AI-Involvement-in-HR-Processes-is-Appropriate-20-Prefer-More

https://gitnux.org/ai-replacing-jobs-statistics/ 

In this episode of the 'It's About Payroll' podcast, hosts Brian Escobar and Walter William Duncan III welcome guest Sarah Chasney, the Director of Payroll Travel and Expense at Banfield Pet Hospital. Opening with a discussion on the importance of staying abreast with digital transformations in payroll, they move on to the implications of payroll errors in an organization. Sarah shares insights on her journey in the payroll world, her experience in process transformation and systems implementation, and the growth opportunities in payroll. The hosts and the guest talk about the need for compliance in payroll management and discuss the future trends in payroll systems like the adoption of AI. They also converse on the importance of customer service in payroll. Sarah inspires others by sharing her career path and advising on career progress in the payroll industry. The podcast concludes with a fun game of 'This or That' with Sarah.

00:00 Introduction and Welcome
00:44 Discussing Payroll News and Industry Trends
01:16 Highlighting Payroll Errors and Their Impact
03:50 Exploring OSHA Violations and Their Consequences
06:35 Sponsored Segment: Time TrakGO
07:54 Introducing Guest Speaker: Sarah Chasney
08:41 Sarah Chaney's Journey into Payroll
11:21 Sarah's Experience at Carls Jr. and Hardee's
17:17 Transition to Banfield Pet Hospital
20:31 Building and Repairing Payroll Systems
29:18 The Role of Technology in Payroll
32:03 Regional Challenges in Payroll Management
32:57 Revamping the Payroll Structure: Abolishing Regions
33:57 The Intersection of Creativity and Payroll
34:13 The Journey from Art to Payroll
34:34 The Role of Creativity in Payroll Processes
35:40 The Impact of Education on Payroll Career
36:56 The Power of Certification in Payroll
39:29 The Influence of Art and Business in Payroll
41:25 The Opportunities and Challenges in Payroll
44:32 The Role of Internship in Payroll Career
46:41 The Future of Payroll Industry
50:29 Advice for Struggling Payroll Professionals

In this podcast episode, hosts Brian Escobar and Walter William Duncan III welcome Jody Parsons, a seasoned payroll professional from the Kansas City Royals. The episode starts with an in-depth discussion about payroll news, focusing on salary increase trends for 2024, industry variances, drivers of pay raises, work setups, and long-term wage growth concerns. The hosts then introduce their guest, Jody Parsons, who shares her fascinating journey into the payroll industry, her experiences serving as a PA president, and her work in professional sports payroll. Jody also offers valuable advice for emerging payroll professionals, emphasizing the importance of understanding the whole payroll process. To end the episode, they play a fun game with Jody, delving into her personal choices and preferences.

00:00 Introduction to the Payroll Podcast
00:48 Payroll News Update: Salary Increase Trends
05:34 Sponsor Spotlight: Time TrakGO
06:51 Payroll Product Review: Paycom's Betty
08:53 Guest Introduction: Jody Parsons
10:30 Jody's Journey into Payroll
19:58 Jody's Experience as APA President
23:58 Advice for Aspiring Payroll Professionals
27:20 The Importance of Sharing Knowledge in Payroll
27:44 Understanding the Whole Process in Payroll
28:53 The Interconnectedness of Payroll
29:25 The Future of Payroll: AI and Technology
30:00 The Role of Payroll in Employee Lifecycle
30:21 Payroll: A Career Choice for the Young Generation
31:38 The Impact of Payroll Errors on Employee Retention
31:52 The Importance of Education in Payroll
32:29 The Potential of Payroll as a Career
33:25 The Changing Landscape of Hiring in Payroll
35:16 Making Payroll Attractive to New Talent
38:21 The Role of Payroll in Strategic Business Decisions
46:10 The Importance of Compassion in Payroll
48:41 Advice for New and Struggling Payroll Professionals
50:13 Closing Remarks and Sign Off

This episode celebrates the 100th episode of a payroll podcast hosted by Brian Escobar and Walter William Duncan II. The discussion starts off with a motivational perspective on struggling through tough times and not giving up. The co-hosts recount five of their favorite podcast episodes each, highlighting key learnings from distinct episodes that cover a wide range topics such as global payroll, stakeholder management, importance of certifications, HR and payroll collaborations, and true payroll crime stories etc. The show also has a sponsored segment for Timetrack Go, a employee time clock software solution. Towards the end, the hosts reflect on the journey so far, discussing the challenges they faced and share their future aspirations for the show.

00:00 Introduction and Motivation
00:14 Welcome to the Payroll Podcast
00:29 Celebrating 100th Episode
00:47 Reflecting on the Journey
02:57 Appreciating the Guests and Sponsors
05:17 The Evolution of the Podcast
06:18 Sponsor Spotlight: Time TrakGO
07:34 Insights from Young Workforce
08:10 Celebrating 100th Episode: Part 2
10:33 News Updates: Employee Turnover Costs
24:08 Favorite Episodes Recap
28:55 The Importance of Teamwork in Business Growth
29:25 Reflecting on Past Episodes: Global Payroll with Melissa Viso
29:51 The Challenges of Global Payroll and Time Management
30:51 Navigating Bankruptcy from a Business and Payroll Perspective
32:27 The Debate: Certification and Success in the Payroll Industry
34:42 Reflecting on Standout Episodes and Guests
34:52 The Role of Payroll Transformation Professionals
36:14 The Importance of Stakeholder Management in Payroll Transformations
49:05 Reflecting on the Journey: Challenges and Triumphs
54:06 Closing Thoughts and Looking Forward

In this podcast episode, hosts Brian Escobar and Walter William Duncan discuss payroll crimes, focusing on the notorious 'Crazy Eddie' scandal. They elaborate on how the Antar family, particularly Eddie and Sammy, orchestrated a vast fraud scheme involving under-reported salaries, offshore money laundering, and company financial manipulation, all spanning 18 years. The hosts also emphasize the importance of robust measures in companies to prevent such fraudulent activities, maintaining a balance between employee trust and company security. The session ends with securing whistleblower protections and the need to avoid the temptation of illegal activities. Understanding these real, historical cases becomes a stepping stone to mitigating such instances in the future.

00:00 Introduction to the Podcast
01:20 Payroll News: Innovative Payroll Technology
06:57 Future of Work: Laws Changing the Workplace
14:51  Sponsored by - Time TrakGO 
16:05 True Payroll Crime: The Crazy Eddie Electronics Fraud
20:34 Key Takeaways and Lessons from the Fraud
24:07 IPO Manipulation and the Crazy Eddie Scheme
24:41 The Panama Pump Plan: Money Laundering and Revenue Inflation
25:32 Financial Downfall and Legal Consequences
25:59 The Aftermath: Sammy's Cooperation and New Career
26:43 Preventing Fraud: Strong Oversight and Whistleblower Protection
28:07 The Psychology of Fraud and Temptation
35:22 Balancing Employee Trust and Company Security
42:41 Closing Thoughts and Takeaways

References 
https://en.wikipedia.org/wiki/Crazy_Eddie
https://www.forbes.com/sites/simonconstable/2022/08/27/the-rise-and-fall-of-crazy-eddie-a-tale-of-epic-fraud/?sh=5c2b47684d33

In this engaging podcast episode, hosts Brian Escobar and Walter William Duncan III, engage in a deep discussion with Global Payroll Expert, Max Van Der Busink, on the future of the payroll profession. The conversation explores the challenges and opportunities in the payroll industry, with a focus on attracting young talent. Max shares his career journey in payroll and offers advice on how the industry can leverage digital platforms and flexibility to attract the next generation. Important topics like global payroll dynamics, the role of remote work, the changing roles of payroll professionals, and much more are discussed. The episode also features playful banter and a game of 'This or That'.

00:00 Introduction and Welcome
00:25 Episode Overview and Guest Introduction
00:50 Casual Conversation and Personal Updates
01:39 Trends for Young Employees in 2024
05:43 Sponsorship Segment: TimeTrakGO
06:58 Discussion on Gig Work and Technology in Payroll
11:40 Introduction of Guest: Max Vander Busink
13:15 Max's Payroll Origin Story
18:26 Discussion on Engaging Young Talent in Payroll
25:52 The Importance of Articulation in Payroll
26:19 Personal Experiences in the Payroll Industry
27:46 The Art of Communication in Payroll
29:04 Understanding the Complexities of Payroll
29:33 The Challenges of Global Payroll
35:21 The Impact of Remote Work on Payroll
38:02 The Future of Global Payroll
43:41 Final Thoughts and Advice for Young Payroll Professionals

In the latest episode of 'It's about Payroll,' hosts Brian Escobar and Walter William Duncan III dive into understanding the nuances of the payroll profession. Joined by their special guest, Brad Voorhees, an experienced HR professional and the founder of ScaleTx, they discuss effective strategies for attracting new talent, the challenges experienced in maintaining top talent, and the evolution of HR practices over the years. Brad shares his insights on the impact of talent acquisition methods, fostering employee engagement, and employee retention strategies. They also speak about staying well-informed in the HR industry. The podcast wraps up with a fun game of 'this or that' with Brad.

00:00 Introduction and Welcome
01:21 Podcast Format Changes and Updates
03:32 Discussion on Payroll News and Updates
09:03 Challenges in Attracting and Retaining Top Talent
15:15 Sponsored Segment: Time TrakGO
16:30 Guest Introduction: Brad Voorhees
20:22 Brad's Journey into HR and Talent Acquisition
29:45 Challenges in HR and Talent Acquisition
38:50 Transition to Entrepreneurship and Scale TX
44:24 Understanding Talent Strategy
44:43 The Importance of Employer Branding
45:21 The Hiring Process and Talent Acquisition
46:43 The Role of HR Departments and VPs
49:47 The Impact of Personal Branding on Talent Attraction
50:59 The Role of Employee Value Proposition in Talent Attraction
51:27 The Importance of Good People Managers
52:22 The Role of Employer Reputation in Talent Attraction
53:28 The Role of Employee Referrals in Talent Attraction
54:42 Staying Up-to-Date in HR
58:13 The Role of AI in HR
01:09:45 The Challenges of Hiring Friends of Friends

In this episode of 'It's About Payroll', hosts Brian Escobar and Walter William Duncan III discuss the importance of focusing on the impact of payroll operations on company employees. They also emphasize the significance of proactive communication, implementing feedback mechanisms, and continuously improving payroll processes. Further into the conversation, they highlight the impact of poor customer service on employees' job satisfaction and morale. The hosts then welcome Jeremy Mifsud, Head of Customer Success at Buddy - an HR and Payroll platform. Jeremy shares his transition into payroll, the fulfillment he finds in the role, and the emphasis Buddy puts on making employees' lives better. He also discusses the strategies Buddy uses to improve customer experience.

00:00 Introduction and Motivation
00:16 Welcome to the Payroll Podcast
00:39 The Importance of Customer Service in Payroll
01:22 Three Key Tips for Payroll Pros
09:46 Guest Introduction: Jeremy Mifsud
10:35 This episode is presented by TimeTrakGO
12:05 Jeremy's Journey into Payroll and Customer Service
17:29 The Impact of Attitude in Customer Service
18:24 Transition from Phone to Live Chat Support
21:27 Multilingual Background and Learning New Languages
21:54 The Unique Language of Malta
22:31 The Aging Payroll Industry and the Need for Young Professionals
23:43 How to Get Young People Excited About Payroll
23:58 The Impact of Payroll on People's Lives
26:19 The Importance of Employee Happiness
27:47 The Role of Cognitive Science in Customer Service
29:44 Career Path and the Move to Spain
32:21 Fun Game: This or That
36:01 Advice for Those Entering Payroll or Customer Service
37:11 Closing Remarks and Sign Off

Understanding the New Tax Brackets and Its Impact on Payroll

Hosts Brian Escobar and Walter William Duncan III discuss the new changes in tax brackets and their implications on payroll. They explore the topic based on an article they found on foxbusiness.com. The hosts detail the key points in the tax bracket changes, such as higher federal income tax brackets, the impact on take-home pay, inflation adjustments, and standard deduction changes. Additionally, they provide tips for payroll professionals to handle potential questions from employees and how they can stay updated about ongoing tax changes. They emphasize the importance of communication, continual education, and staying updated with federal and state laws.

00:00 Introduction and Podcast Welcome
00:30 Episode 95: Tax Brackets Discussion
02:45 Key Points on 2024 Tax Brackets
06:59 Sponsored Message: TimeTrakGO
08:13 Preparing for Employee Questions
15:15 Payroll Professionals: Understanding New Tax Brackets
18:04 Understanding Payroll Responsibilities and Liabilities
18:43 The Importance of Checking Payroll Systems
19:52 Understanding Taxable Wages and Tax Brackets
21:19 Pressure Testing Payroll Systems
22:55 Understanding Compliance with Federal and State Laws
24:35 The Importance of Continuing Education and Training in Payroll
25:13 Effective Employee Communication in Payroll
26:00 Proactive Auditing and Reporting in Payroll
28:57 The Role of Payroll in Employee Self-Service
29:41 The Future of Payroll and the Need for New Talent
33:50 The Evolving Landscape of Social Media and its Impact on Payroll
35:25 Closing Remarks and Sign Off

Preparing for the New Year: Payroll Insights and Preparations

Hosts Brian Escobar and Walter William Duncan III of the 'It's About Payroll' podcast delve into payroll-related topics, such as the responsibilities of HR, how payroll professionals can plan and prepare for the upcoming year, and implications of changes in tax rates, classifications, and IRS regulations. They also discuss personal and professional growth strategies, including the importance of continuous learning. The hosts also preview their next season where they focus on attracting younger generation to the payroll industry.

00:00 Introduction to the Podcast
00:26 Welcome to Episode 94: New Year's Payroll Advice
01:07 New Year's Reflections and Resolutions
02:34 Sponsored Segment: TimeTrakGO
03:31 Personal Goals and Aspirations for the New Year
06:07 Payroll Professionals: Preparing for the New Year
28:16 Season 8 Preview: Engaging Young People in Payroll
31:40 Conclusion and Sign Off