It’s About Payroll Brian & Walter

IAP EP 109 - Bart: Revolutionizing Global Payroll

This episode dives deep into the world of payroll with our special guest, Bart Vanderstorm. From the early beginnings in the payroll industry to the intricacies of global payroll operations, Bart shares his vast experience and insights. We discuss the importance of courage, communication, and the role of payroll at the intersection of HR, finance, and operations. The conversation covers the challenges of system integrations, the value of direct communication, and the need for payroll professionals to advocate for change within their organizations. Listen in as we explore Bart's journey, his approach to simplifying payroll processes, and his vision for a more connected and efficient payroll industry.

 Introduction to Payroll Insights
 Bart Vanderstorm: A Global Payroll Visionary
 The Complexity and Dynamics of Payroll
 Payroll Trends and Data Insights
 Discussion with Bart Vanderstorm
 Bart's Payroll Origin Story and Philosophy
 The Future of Payroll and Closing Thoughts
Pay News Updates! 
WALT
https://adpemploymentreport.com/
 

Private payrolls: In March 2024, private payrolls increased by 184,000 jobs, which is the largest increase since July. This suggests that companies are willing to pay more for new hires.
Nonfarm payrolls: In March 2024, nonfarm payrolls increased by 200,000 jobs, after rising by 275,000 in February.
Unemployment rate: The unemployment rate is forecast to remain at 3.9%.
https://www.kgw.com/article/news/local/protest-salem-unresolved-payroll-system-problems/283-096c75dc-a2dd-4d83-9734-795e74838f7

Questions for Bart

What’s your payroll origin story?
Why did you stay in payroll?
You wrote a book…what inspired you? 
What did you want folks to take away?
In your opinion, what will the payroll industry look like in 5 years?  
This or That

Water or Coffee
Crepes or Stroopwafels (waffle cookies)
Hiking or Cycling
Plane or Train
Museum or Music
Learning or Teaching

Pay News Updates! 

BRIAN
https://www.inc.com/sarah-lynch-/your-workers-might-want-to-quit-in-2024-heres-why.html 

WALT
https://www.indeed.com/career-advice/career-development/certifications-in-demand#:~:text=Most%20industries%20have%20some%20form,prospects%20and%20new%20career%20opportunities. 

Most industries have some form of certification that will likely increase your chances of higher pay, better job prospects, and new career opportunities.
 Dive into IAP Episode 108 as hosts Brian Escobar and Walter William Duncan II chat with the esteemed Gerard Hall, known as 'that payroll guy'. This episode packs in discussions on their thrilling new project collaboration, insights on navigating the payroll industry, and the vitality of mentorship and positivity in professional growth. Don't miss their engaging 'This or That' game with Gerard to cap off an episode filled with laughter, valuable advice, and heartfelt stories. Tune in to explore the intersections of payroll, culture, and career development like never before. #IAPodcast #PayrollTalk #CareerGrowth #ProfessionalMentorship

Pay News Updates! WALT https://www.cnn.com/2024/04/11/business/california-minimum-wage-fast-food-kiosks/index.html California has raised the minimum wage for fast food sector workers by $4 to $20, prompting concerns about potential job losses to technology like self-service kiosks. Experts suggest that while some businesses may turn to automation to offset higher labor costs, the trend of automation in the services industry, particularly in restaurants, has been ongoing. Automation in the quick-service restaurant space includes technologies like auto-refill and automated frying machines. Higher wages could incentivize fast food owners to automate, as it could help attract workers in an industry still recovering from pandemic-related employment challenges. The new wage law in California, effective from April 1, applies to restaurant chains with more than 60 nationwide locations and establishes a fast food council to oversee wage adjustments and worker safety standards.Self-service kiosks have become increasingly common in large fast food chains like Panera Bread, McDonald's, Shake Shack, Burger King, and Chick-Fil-A, with benefits including larger and more profitable orders and improved customer experience. While customer preference for autonomous ordering exists, the minimum wage increase in California is expected to accelerate technology adoption in the industry. Some franchise owners, like Harsh Ghai, are rapidly implementing self-service kiosks and AI-powered drive-thru ordering to cope with higher labor costs, aiming for full.Despite efforts to avoid layoffs, the implementation of technology is seen as necessary to maintain profitability amidst rising labor costs and customer resistance to price increases. The California Restaurant Association acknowledges the impact of the minimum wage hike, with some operators already closing or scaling back operations in response.BRIAN
https://www.yourerie.com/news/crime/unknown-person-attempted-to-steal-paycheck-of-employee-psp/amp/Be Careful out there !


Season 8 Review/Takeaways
WALTGuests - Sarah, NovHospital Cyber Attack100th EpisodeBRIANJodi, Max, Brad, Jeremy, Crazy Eddie Season 9 — Looking forward to working with Gerard Hall, Bart Van der Storm.
safe Talk - Should fast food workers make $20 an hour? Or can you make a career in fast food?Drop teaser for next show - Gerard Hall"I slept and dreamt that life was joy. I awoke and saw that life was service. I acted and behold, service was joy." - Rabindranath Tagore
IAP Episode 107 - Season in Review 
Brian: ​[00:00:00] Welcome to our podcast. It's about payroll. We're your host, Brian Escobar and Walter William Duncan II. Whether you're new to the payroll game or a seasoned veteran, we have something for you. 
Track 1: Welcome back folks. We are episode 107 cruising right along today. We're just gonna have a light episode We're gonna talk about what we like out of season 8 talk about What's coming up for season nine, but before we get into any of that, how you doing today, sir?
How you doing? Well,
wd_1_04-14-2024_082623: Man, I am good. Happy Sunday to you April
Track 1: likewise, 
wd_1_04-14-2024_082623: Man, I know I say this all the time on all the shows a majority of the shows man. Time is Flying sir,
Track 1: no doubt. Yeah, no doubt. Yes. It's just yeah.
wd_1_04-14-2024_082623: up. It's gonna be time to do w 2s [00:01:00] again next year
Track 1: Yeah. Yeah No, it goes. Yeah exact. Oh gosh. Yeah, I can't even I don't even know where yeah. Yeah, absolutely right. It'll be yeah I had to hit my CPA up cuz I was like Hey, did you extend my personal stuff too? Cause she told me she extended our stuff, business wise and I was like, wait, I gotta make sure she did it for personal, cause I'm not ready.
I'm not ready. Yeah, I wasn't ready. Yeah, thank God she did. Shout out to JC. But yeah, man, it's just going so quickly. I'm just I'm kinda Been panicking about time, and just making, not panicking in a good, at the end

Pay News Updates! WALThttps://www.euromonitor.com/article/global-economic-outlook-q1-20241. **Global Economic Growth Projection**:    - The global economy is expected to experience slowing growth for the second consecutive year in 2024 due to high-interest rates in major economies and weakening growth in China.   - Despite the slowdown, there's an expectation of a gradual normalization of economic conditions, with inflation easing and monetary policy loosening, supporting reaccelerating global growth momentum, particularly in the second half of 2024 and into 2025.2. **GDP Growth Trends in Advanced Economies**:   - Advanced economies are forecasted to face a slowdown in real GDP growth, primarily due to high-interest rates, with the U.S. economy showing resilience and an upward revision in growth projections for 2024.   - The Eurozone economy is expected to continue showing weakness in 2024, with only a minimal recovery projected, influenced by elevated inflation and tight monetary policy.3. **Growth Dynamics in Asia Pacific**:   - Emerging and developing economies in Asia Pacific are expected to drive global growth, with stable growth trends projected, particularly in economies like India, Indonesia, the Philippines, and Vietnam.   - Despite the slowdown in China, the region remains the fastest-growing globally, fueled by high levels of consumption and investment.4. **Inflation Trends**:   - Global inflation is forecasted to continue declining in 2024, albeit at a slower pace, attributed to economic normalization and the lagging effect of high-interest rates.   - Despite the overall decline, developing economies may experience persistent inflation due to vulnerability to price shocks and less effective monetary policy.5. **Impact of Global Fragmentation Scenario**:   - The global economy faces increased uncertainty and risk due to geopolitical tensions and economic multipolarity, leading to growing fragmentation.   - Euromonitor International's Global Fragmentation scenario outlines the potential consequences of escalating tensions, including slower global growth, reduced market access, and higher costs for businesses and consumers.6. **Global Economic Forecasts**:   - Euromonitor International provides detailed insights into various macroeconomic scenarios in their Q1 2024 report, highlighting the importance of scenario planning in navigating the current economic landscape.These key points encapsulate the major trends and projections outlined in the article regarding the global economic outlook for Q1 2024.
Brianhttps://www.businesswire.com/news/home/20240327148988/en/Remofirst-Launches-Service-to-Assist-with-the-Visa-Application-Process-in-Over-85-Countries
WALT1. **Wage and Tax Reporting Deadlines**: Ensure all employee wage and tax information for the quarter is accurately recorded and reported to the appropriate authorities by the respective deadlines.2. **Quarterly Tax Filings**: Submit quarterly tax filings, such as Form 941 (Employer's Quarterly Federal Tax Return) to the IRS, reporting income taxes, Social Security tax, and Medicare tax withheld from employee paychecks, along with the employer's portion of these taxes.3. **State and Local Tax Filings**: Review and file any state and local quarterly tax returns, ensuring compliance with specific regulations and deadlines applicable to your jurisdiction.4. **Reconciliations**: Reconcile payroll records with financial statements to ensure accuracy and identify any discrepancies that need correction before the end of the quarter.5. **Benefit Plan Contributions**: Ensure accurate recording and timely payment of employee benefit plan contributions, such as retirement plans or health insurance premiums.6. **Employee Updates**: Update employee records for any changes that occurred during the quarter, such as new hires, terminations, salary adjustments, or changes in tax withholding status.7. **Year-to-Date Reports**: Generate year-to-date reports for both inte

Lost Tapes 
A lively conversation between Brian and Walt discussing the benefits of having a payroll certification and the paths to success in the payroll field.
 Introduction Controversial Topic: To get the CPP or not Benefits of Having a Payroll Certification Success Without a Payroll Certification Continuous Learning and Professional Development

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

Tell us more what attracted you to HR Unique benefits that can differentiate an employer Ezra Online Coaching. Linkedin Learning can tie to ER LMS. Financial Wellness. In office child care. (big liability) LSA - Lifestyle spending account.Help humans when you can. Stay interviews.Skills based hiring versus education/experience hiring.SHRM's emphasis on inclusion versus Diversity and Equity.