It's About Payroll

Pay News Updates!

https://www.businesswire.com/news/home/20240315948497/en/GoCardless-Signs-Agreement-to-Acquire-Nuapay

https://www.usatoday.com/story/money/personalfinance/2023/10/12/2024-social-security-cola/71131575007/

IAP Episode 105 - Beyond the Paycheck: HR’s Role in Employee Success with Guest, Jeffrey Naftal.

In this invigorating episode, we dive deep into the heart of human resources, exploring how HR can transcend traditional roles to champion employee engagement and company culture. Joined by the esteemed Jeffrey Naftal, a vanguard in HR innovation, we uncover insightful strategies on pay transparency, unique employee benefits, and the impact of skill-based hiring. Along the journey, Jeffrey shares his wealth of experience, shedding light on the importance of robust HR practices in shaping employee success and organizational growth. Through engaging dialogues, the episode offers a treasure trove of knowledge and advice for HR professionals seeking to elevate their impact.

Introduction to Pay Transparency and HR Strategies

Unique Benefits to Differentiate Employers

Impact of Skill-Based Hiring

The Role of HR in Personal Development and Community

Today, we're privileged to host a distinguished expert in human capital management, renowned for their prowess in labor relations, organizational development, and human resources best practices. With a wealth of experience in leading multiple departments, our guest excels in collective bargaining, change management, and continuous feedback systems. Their specialties include supervisory training, risk management, and HRIS implementation, showcasing a comprehensive skill set crucial for navigating the complexities of modern HR. Join us as we delve into their insights and strategies, sure to inspire and inform our audience on the nuances of effective human resources management.

Questions/Topics for Jeffrey

In this episode of 'It's About Payroll', hosts Brian Escobar and Walter William Duncan III dive deep into the world of payroll crimes, featuring a true story involving Michael Mann and his devastating fraud scheme. The episode kicks off with personal and casual updates from the hosts, followed by a detailed discussion on a notable payroll crime story, including the impact it had on individuals and businesses, the legal response, and broader implications for the payroll industry. Additionally, the episode sheds light on the winners of the 2024 Women Transforming Business Awards, highlighting their contributions and achievements across different sectors. The hosts also explore the psychological traits common among criminals and propose innovative ideas like 'payroll insurance' for employees to safeguard against unforeseen financial crises, discussing the potential benefits and challenges. Throughout the episode, discussions on preventative measures against payroll fraud, the importance of audits, and maintaining compliance with changing tax laws are interspersed, providing valuable insights for payroll and HR professionals.

00:00 Opening Remarks and Podcast Introduction

00:31 Catching Up: Personal Updates and Weather Chat

02:07 Sponsorship Message from Time TrakGO

04:12 Reflecting on True Payroll Crime: The Impact of Michael Mann's Scheme

08:02 Exploring Payroll Audits and System Integrity

12:50 Celebrating Women's Achievements with CBiz

17:43 Unveiling a New True Payroll Crime Story

21:22 Preventative Measures Against Payroll Fraud

22:42 Exploring Innovative Payroll Tools

23:50 Key Strategies for Tax Compliance and Fraud Prevention

25:02 Fostering a Culture of Transparency and Accountability

26:18 Choosing the Right Payroll and Accounting Services

29:12 Staying Informed on Tax Laws and Regulations

30:10 Understanding the Psychology Behind Payroll Fraud

34:52 The Potential of Payroll Insurance for Employees

45:19 Final Thoughts and Upcoming Guest Announcement

Links referenced during show:

* https://www.nytimes.com/2019/11/21/nyregion/mypayrollhr-michael-mann.html

* https://www.businesswire.com/news/home/20240308889248/en/CBIZ-Announces-Honorees-for-Fourth-Annual-Women-Transforming-Business-Awards

* https://www.justice.gov/usao-sdny/pr/us-attorney-announces-30-count-indictment-charging-garment-manufacturing-executive-tax 

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