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

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-calculations

Holiday 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

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https://www.timetrakgo.com/signmeup?utm_source=SMB24&utm_medium=IAP&utm_id=SBM24

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 Tips

Links & 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 -
* https://www.timetrakgo.com/signmeup?utm_source=SMB24&utm_medium=IAP&utm_id=SBM24