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المحتوى المقدم من Brian & Walter. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Brian & Walter أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
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Earn Before You Burn: Understanding Earned Wage Access Benefits

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Manage episode 450645587 series 3464593
المحتوى المقدم من Brian & Walter. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Brian & Walter أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

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

To learn more about a simply better solution for time tracking, real time reporting, PTO automation, payroll integrations and more visit ]www.timetrakgo.com... that’s T-I-M-E-T-R-A-K-G-O.com….and start your 14-day free trial today.

Let’s GO!

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


  continue reading

151 حلقات

Artwork
iconمشاركة
 
Manage episode 450645587 series 3464593
المحتوى المقدم من Brian & Walter. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Brian & Walter أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

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

To learn more about a simply better solution for time tracking, real time reporting, PTO automation, payroll integrations and more visit ]www.timetrakgo.com... that’s T-I-M-E-T-R-A-K-G-O.com….and start your 14-day free trial today.

Let’s GO!

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


  continue reading

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