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Paychex THRIVE, a Business Podcast

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Paychex THRIVE, a Business Podcast

Join host Gene Marks for Season 3 and hear timely insights on marketplace conditions, proposed legislation, innovations, research, and success strategies from industry leaders, lawmakers, experts, and icons to help you propel your business forward and THRIVE.

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Recent Episodes of Paychex THRIVE, a Business Podcast


DOL’s Overtime Rule, Increase in Job Growth, Capital Loan Program, and Businesses Not Offering 401(k) Plans

DOL’s Overtime Rule, Increase in Job Growth, Capital Loan Program, and Businesses Not Offering 401(k) Plans

Gene Marks delves into various key topics in this episode. He starts by discussing the impact of the Department of Labor's new overtime rule, effective from July 1. The rule not only adjusts financial thresholds for overtime pay eligibility but also emphasizes fair compensation across industries, urging businesses to align with these new norms. View our on-demand webinar at https://go.paychex.com/OT-rule.

Moving on to small business employment trends, Gene highlights an uptick in weekly hours worked but notes a slowdown in hourly wage growth. He also addresses the Small Business Administration's unveiling of a new...

Episode 166 13 June 2024 10m and 43s


Redefining Small Business Operations in the Digital Age

Redefining Small Business Operations in the Digital Age

With technology evolving at lightning speed, small businesses are increasingly looking towards artificial intelligence (AI) and automation to streamline operations and foster growth. Irana Wasti, chief product officer at BILL, joins this episode of the Paychex THRIVE podcast to shed light on this trend. She highlights the transformative potential these technologies offer small businesses; allowing them to move beyond the constraints of manual processes to a more strategic, insight-driven approach. Tune in to hear how the pathway to increased efficiency, better decision-making, and ultimately, greater success, can be achieved through the latest technology.

 

Topics include:

Episode 165 11 June 2024 33m and 24s


AI: Principles of Well-Being for Policies, a Google Rollback, Level the Business Playing Field

AI: Principles of Well-Being for Policies, a Google Rollback, Level the Business Playing Field

Artificial intelligence is everywhere, so much so that the U.S. Department of Labor issued principles for developers and employers on worker well-being. Basically, as Gene Marks explains, this is a roadmap to create policies that offer protection and benefits in the deployment of AI at work. Why? Well, look at Google rolling back some features after a query pulled in that pizza should be made with glue. Gene notes the tech is new and will get better, much like the small businesses that use AI to gain a stronger hold in the e-commerce world.

DISCLAIMER:
...

Episode 164 6 June 2024 9m and 1s


CA CPA Spotlight: CalCPA CEO Says Learn from Tech, Change, and the Next Generation

CA CPA Spotlight: CalCPA CEO Says Learn from Tech, Change, and the Next Generation

CalpCPA President and CEO Denise Froemming discusses the dynamic shift of the accounting profession and inroads being made to attract the next generation of savvy workers, including how to align the image of what a CPA could be more closely with the values of Gen Z. She shares with host Gene Marks on Paychex THRIVE, a Business Podcast, the reason for rebranding CalCPA, with the aim to become more relatable and modern, as well as to showcase the many different avenues that CPAs can take and how that makes it a more stable profession than many others.

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Episode 163 5 June 2024 29m and 35s


Strategies for Today's Markets: Adapting to the New Investment Landscape

Strategies for Today's Markets: Adapting to the New Investment Landscape

On this episode of Paychex THRIVE, Gene is joined by investment guru Lyn Alden, founder of Lyn Alden Investment Strategy.  They delve into the complex world of the stock market and examine the tactics needed to make successful investments. From using the traditional 60/40 portfolio model to selecting individual stocks to evaluating cryptocurrency, Lyn offers a variety of comprehensive strategies to help individual investors optimize their returns. Tune in to learn more about how to navigate the intricate dynamics of the stock market with greater confidence.

 

Topics include:

00:00 – Episode preview and welcome

01:01 – Introd...

Episode 162 4 June 2024 32m and 39s


OSHA Walkaround Rule Challenged, Secret PTO, and a Proposed Six-Day Workweek

OSHA Walkaround Rule Challenged, Secret PTO, and a Proposed Six-Day Workweek

Some small businesses have brought a lawsuit against OSHA and its Walkaround Rule, objecting to an inspection policy that they call an overstep onto private property and something that doesn’t advance worker safety. Gene Marks tackles the subject, as well as a new trend called secret PTO by employees and what he calls the foolishness of a proposed six-day workweek.

DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in wh...

Episode 161 30 May 2024 8m and 40s


NY CPA Spotlight: Innovation and Recruitment Mark the Future of Accounting Profession

NY CPA Spotlight: Innovation and Recruitment Mark the Future of Accounting Profession

Calvin Harris has one of the most geographically and economically diverse state accounting professional societies to oversee as CEO of the New York State Society of CPAs. He brings his diverse experiences to the role, emphasizing building relationships and partnerships while stressing key factors such as harnessing and leveraging AI to reinvent the work CPAs do and the roles they can create. He talks on Paychex THRIVE, a Business Podcast, about how to bridge the gap between traditional practices and innovative approaches – including recruitment – and how to appreciate the adaptable nature of the profession while finding balance in your pers...

Episode 160 29 May 2024 29m and 57s


Matt Egan on the Latest Market Trends: Interest Rates, Inflation, and Meme Stocks

Matt Egan on the Latest Market Trends: Interest Rates, Inflation, and Meme Stocks

With the Dow soaring to a record-breaking 40,000 and the market doubling from its COVID lows just four years ago, the current financial climate is buzzing with potential. Gene is joined by CNN Business Reporter Matt Egan to discuss this and other hot market topics on this week’s episode of Paychex THRIVE. Matt shares the impact a steady rise in the market has on consumer behavior and employment decisions, along with how inflation and interest rates can both help and hinder this growth. Gene also gets Matt’s thoughts on the resurgence of meme stocks, the potential shift towards a fo...

Episode 159 28 May 2024 33m and 2s


Prenatal Paid Leave in N.Y., a Shift in Job Openings, and Visa Looks to Fewer Credit Cards

Prenatal Paid Leave in N.Y., a Shift in Job Openings, and Visa Looks to Fewer Credit Cards

New York has done what no other state in America has, but what will offering 20 hours of prenatal paid leave to employees – on top of other leave time they are entitled to under the law – mean to employers? Gene Marks has a few thoughts on the topic, including that this might become a national trend. Job openings are down one-third since 2022, but still remain at an historic high. Gene shares his take on what has changed to bring on those results, along with why a major credit card company is trying to reduce the number of cards in your wall...

Episode 157 23 May 2024 8m and 13s


Florida CPA Spotlight: How Will Specialization and AI Shape Accounting Profession?

Florida CPA Spotlight: How Will Specialization and AI Shape Accounting Profession?

CEO Shelly Weir discovered that her notions of what CPAs were like differed from who they actually are when she came to the Florida Institute of CPAs. Putting aside the “number crunchers” concept, she has leaned into their strategic and critical thinking skills and their people-person approach to help revamp educational efforts to the next generation of accounting professionals. With Florida growing so quickly, the need for quality and specialized CPAs is growing, too, and she details on Paychex THRIVE, a Business Podcast, what FICPA is doing to address this. Weir also shares her take on AI and how it c...

Episode 157 22 May 2024 43m and 30s

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