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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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

Understanding Payroll Deductions and Wage Theft: Episode 130

Welcome 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 Min

Walt (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/

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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)

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, 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/