Paychex THRIVE, a Business Podcast
Breaking Down Biases Towards Women-Owned Businesses

Breaking Down Biases Towards Women-Owned Businesses

November 29, 2022

On this episode of Paychex THRIVE, host Gene Marks is talking with Catherine Davie, Head of Social Impact of LegalZoom. Listen in as she talks about what LegalZoom is doing on the social impact side of the business, including their NBA and WNBA partnerships, their Fast Break for Small Business grant program, and how they are looking to help women and other underrepresented groups succeed as both entrepreneurs and business owners.

Topics Include:

00:17 – An introduction to Catherine Davie
02:48 – An introduction to LegalZoom
04:07 – Social impact side of LegalZoom
05:33 – NBA and WNBA partnership
06:58 –Fast Break for Small Business grant program eligibility
08:56 – Women and the Boss Survey takeaways
10:27 – Female entrepreneurship in 2022
12:10 – Biases in funding for women-owned businesses
15:03 – The “risk” of investing in women-owned businesses
17:20 – Women in technology and engineering
21:07 – The success of women entrepreneurs in the future

Get more information on different types of financing for small businesses at www.paychex.com/articles/finance/securing-small-business-financing.

Understand the current tech environment for women at www.paychex.com/articles/human-resources/women-in-tech.

Read more about combating unconscious bias in the workplace at www.paychex.com/articles/human-resources/unconscious-bias.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

How to Turn a Less-Than-Bright Holiday Shopping Season Forecast in Your Favor

How to Turn a Less-Than-Bright Holiday Shopping Season Forecast in Your Favor

November 25, 2022

Don’t let predictions that millions won’t spend a dime shopping during the holidays dampen your spirit. Take a few steps, including getting key information into your customer relationship management system, to set up your business to engage people in 2023. Gene Marks shares other insights that could help you prepare to offset the predictions in this week’s Week in Review podcast.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

 
Restuarant Short-Staffed? There’s a Robot For That

Restuarant Short-Staffed? There’s a Robot For That

November 22, 2022

Robotics and automation are becoming increasingly important in our everyday life. The same goes for businesses, including those in the restaurant industry. CEO of Miso Robotics, Mike Bell, is talking with host, Gene Marks, about the how his company is bringing robotic solutions to an industry that is struggling to fill positions – the restaurant industry. Listen in as Bell talks about the customization of robotic solutions, the impact on workers, and how other industries are using similar technology.

Topics Include:

00:19 – An introduction to Miso Robotics
03:49 – The interest from restaurants
06:07 – How Miso customizes across brands
07:56 – Issues to be aware of with robotic solutions
10:15 – Maintenance of robotic solutions
12:37 – Independent vs. chain restaurants
15:28 – The impact of robotic solutions on workers
20:44 – Robotics in other industries
22:22 – What’s next for Miso Robotics
23:07 – Wrap up

Have a guest or topic you’d like to suggest for the show? Submit your ideas here.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Mid-Term Elections: U.S. Overall Economy Doesn’t Reflect Rising Inflation

Mid-Term Elections: U.S. Overall Economy Doesn’t Reflect Rising Inflation

November 18, 2022

With inflation nearing 8 percent and some industries reporting costs for materials much higher than that, the thought that a new yet divided Congress might have a tough time fixing this. However, Gene Marks points out that people’s spending habits don’t match the doom-and-gloom economy that many say the country is in. He shares his insights in this week’s podcast.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Considering Employee Layoffs? Here Are Some Best Practices

Considering Employee Layoffs? Here Are Some Best Practices

November 15, 2022

As the economy begins to slow down, many companies may be forced to turn to employee layoffs, now and in the future. Hear from Lenny Feigel, labor and employment attorney at Foley & Lardner LLP, about what you need to consider. Find out why it’s so important to plan, how to select where your layoffs are going, what companies are offering in terms of separation and severance pay, and much more.

Topics Include:

00:19 – Introduction to attorney Lenny Feigel
02:03 – Having a good relationship with a labor attorney
02:53 – The importance of planning when considering layoffs
05:04 – Selecting where layoffs are going
06:47 – What to consider to avoid claims of discrimination
09:11 – Should layoffs be based on performance reviews?
10:28 – What companies are offering in separation and severance
13:20 – Strategy for layoff timing: do it immediately or give time?
13:42 – The Worker Adjustment and Retraining Notification Act
15:50 – The importance of a separation agreement
19:30 – Big takeaways
20:39 – Communicating with employees that are being retained

Have a guest or topic you’d like to suggest for the show? Submit your ideas here.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Mid-Term Elections: A Few Predictions of What a Divided Congress Means for Businesses

Mid-Term Elections: A Few Predictions of What a Divided Congress Means for Businesses

November 11, 2022

We won’t know the makeup of Congress for another month following the mid-term elections, but a slim majority for either party primarily will result in few big pieces of bi-partisan legislation. Gene Marks takes a look at a handful of potential outcomes on where the government will spend its money, who might benefit, and some other issues such that will impact businesses. Listen to the podcast.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Understanding Your Responsibilities Under Employee Discrimination Laws

Understanding Your Responsibilities Under Employee Discrimination Laws

November 8, 2022

The Equal Employee Opportunity Commission (EEOC) is the primary federal agency in charge of enforcing the employment discrimination laws in the United States. On this episode, Gene Marks is talking with Vice Chair of the EEOC, Jocelyn Samuels, about what small businesses need to know about the agency, including the importance of understanding discrimination laws, how being an inclusive workplace is good for business, why you should have anti-harassment policies in place, and much more.

Topics Include:

00:14 – Introducing Jocelyn Samuels
00:51 – Introduction to the EEOC
02:09 – Why is the EEOC important to employers?
05:25 – Inclusive workplaces are good for business
07:13 – Hot topics employers should be aware of
08:04 – Businesses that are exempt
10:05 – Having anti-harassment policies in place
11:28 – Being aware of retaliation
13:00 – Discrimination and technology
16:56 – AI-based software and biases
21:36 – How employees can report to the EEOC
27:37 – The impact of remote work on discrimination
32:59 – The EEOC is there to provide support
35:35 – Wrap up

Read more about harassment in the workplace at www.paychex.com/articles/human-resources/understanding-harassment-in-the-workplace.

Learn about some recent resources the EEOC has created related to sexual orientation and gender identity discrimination at www.paychex.com/articles/human-resources/eeoc-resources-sexual-orientation-discrimination.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Putting Small Businesses at the Forefront of New Regulations

Putting Small Businesses at the Forefront of New Regulations

November 1, 2022

We’re kicking off Season 4 of Paychex THRIVE, a Business Podcast, with Congressman Ben Cline from the sixth congressional district in Virginia. Listen in as host Gene Marks talks with Rep. Cline about his proposed legislation, the Small Business Regulatory Flexibility Improvement Act, which is designed to help small businesses understand and comply with new regulations. Hear what inspired this bill, where the legislation currently stands, and how Congressman Cline hopes to help small businesses in the future.

Topics Include:

00:15 – Introduction to Congressman Cline
00:36 – The Small Business Regulatory Flexibility Improvement Act
03:16 – What inspired this bill?
05:30 – Where does the legislation stand?
09:25 – What will Congressman Cline do for small businesses?

Read more about the regulatory issues facing businesses at www.paychex.com/newsroom/news-releases/compliance-topics-related-covid-19-pandemic-top-regulatory-issues-facing.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Week in Review: Preparing for Potential New Rule on Independent Contractors

Week in Review: Preparing for Potential New Rule on Independent Contractors

October 27, 2022

With the U.S. Department of Labor’s recent proposed new rule, businesses might have to make some adjustments if independent contractors are reclassified. It could change how your business pays taxes, as well as increase your costs if these individuals must be treated as employees. Listen to our THRIVE Week in Review with Gene Marks podcast.

Learn more about tax forms for independent contractors at www.paychex.com/articles/payroll-taxes/filing-taxes-for-independent-contractors

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Cyber Security: What Small Businesses Need to Know

Cyber Security: What Small Businesses Need to Know

October 21, 2022

Bonus episode: Cybersecurity – it’s not just for big businesses. In fact, small businesses are often prime targets for cyber-attacks. On this episode of THRIVE, a Paychex Business Podcast, you’ll hear from Kristin Harper, Manager of Operations Security at Paychex, as she talks to Gene Marks about what you should know and what you can do to protect your company from cyber criminals.

Topics Include:

00:19 – Meet Kristin Harper
00:58 – Kristin’s job as Manager of Operations Security
02:49 – Cybersecurity in small business
04:39 – User education to prevent cyber crime
06:05 – What is phishing?
06:57 – Smishing: SMS phishing
09:54 – The rise of social engineering
10:46 – The impact of malware
11:59 – What to do to lower the risk of an attack
14:06 – Cybersecurity and remote employees
15:36 – Securing your home network and your software
17:38 – Should you be using security software?
19:30 – Cyber insurance

Find out more about cyber security as it relates to business at www.paychex.com/articles/management/cyber-security-and-a-secure-business.

Read more about the importance of cyber liability insurance at www.paychex.com/articles/human-resources/cyber-liability-insurance-why-your-business-needs-it.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

How to Use the Work Opportunity Tax Credit to Recruit and Offer a Hiring Bonus

How to Use the Work Opportunity Tax Credit to Recruit and Offer a Hiring Bonus

October 20, 2022

The unemployment rate is at a 50-year low but there are still more than 10 million open jobs. That’s going to create competition for talent. Use every resource available, including the federally funded Work Opportunity Tax Credit, which can either reduce your income tax or payroll tax if you hire certain types of candidates such as military veterans or the long-term unemployed, to name a few. Host Gene Marks details some of the perks of WOTC in this week’s episode. Listen to the podcast.

Other resources

Instructions on Certification Process for WOTC

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

How These 5 Tips Can Help You Manage Cost Increases for Employee Health Plans

How These 5 Tips Can Help You Manage Cost Increases for Employee Health Plans

October 13, 2022

With projected increases expected for workplace health plans, you have options to help manage the costs; health savings accounts, health reimbursement accounts or level-funded plans. Your business can even contribute more to employee health insurance costs and take a deduction. Gene Marks provides some insights that can help your business. Listen to the podcast

Other resources

HRA vs. HSA: Which is better to Offer Employees

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

A Business Continuity Plan Can Help You Keep Some Control in the Wake of a Natural Disaster

A Business Continuity Plan Can Help You Keep Some Control in the Wake of a Natural Disaster

October 6, 2022

In the aftermath of Hurricane Ian, host Gene Marks shares some insights on how businesses across the country are not immune to natural disasters and should consider a business continuity plan. Having a chain of communication and a way to pay your employees on time are just two ways to get your operations up and running quickly in the event of interruption. Listen to the podcast.

Other Resources:

usa.gov: Contains website links to helpful information (funding, health and safety, and more)

sba.gov: Eligible areas and the types of available disaster loans

irs.gov: Impacted Florida businesses qualify for extended tax deadlines

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Finding Good Staff in a Tight Labor Market

Finding Good Staff in a Tight Labor Market

October 4, 2022

As we close out season 3 of THRIVE, Gene Marks talks with Jeremy Bilsky, Senior Director and General Manager of Advance Partners about the current state of the staffing industry and how finding good talent is harder than ever before. Hear what Jeremy had to say about topics such as temp-to-hire versus direct hire, redefining employment, the impact of remote work on staffing, and much more.

Topics Include:

00:19 – An introduction to Advance Partners
03:14 – Staffing temp-to-hire vs. Direct hire
06:10 – Staffing independent contractors
07:55 – Redefining employment
12:00 – How staffing firms have done this year
15:57 – The impact of remote work on the staffing industry
19:05 – What Jeremy has learned over the past 19 years
24:23 – Jeremy’s insights on negative cash flow
27:52 – How the company provides financing
32:19 – The process for bringing on workers
33:20 – The importance of average days to pay
40:34 – The impact of rising interest rates
45:57 – Advice for those in the service industry

Have a guest or topic you’d like to suggest for the show? Submit your ideas here.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

With Interest Rates Rising, Think Long Term – Loans, Money Management

With Interest Rates Rising, Think Long Term – Loans, Money Management

September 29, 2022

With interest rates going up another 75 basis points, and another increase expected, businesses are going to find loans and financing more expensive to secure. Gene Marks offers a few tips, including paying down credit card debt or looking to high-yield checking or money market accounts to let your money work for the business in the short term. Listen to the podcast.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Order Up: Fast-Food Stakeholders in CA Now Setting Policy

Order Up: Fast-Food Stakeholders in CA Now Setting Policy

September 27, 2022

With recently passed legislation, California is looking to improve regulations and rules for the fast-food industry. That’s why when it comes to policy changes in the fast-food industry, the state of California is turning to employees, employers, and other key stakeholders. Listen in as David Madland, Senior Fellow and Senior Advisor at American Worker Project for the Center for American Progress, talks with host Gene Marks about how this new legislation is working to raise standards in the industry, who will be the key stakeholders providing their voices on policy, how it will impact labor and labor costs, and so much more.

Topics Include:

00:20 – The Center for American Progress
01:41 – An introduction to David Madland
02:30 – New legislation in California for fast food industry
04:13 – The sectoral council’s impact on setting policy
05:20 – Providing stakeholders with a voice
06:49 – Who is a part of this committee?
08:10 – What are the concerns surrounding this legislation?
09:39 – Raising standards in the fast-food industry
12:55 – The possible impact on labor and labor costs
17:03 – Targeting big businesses or small businesses?
19:12 – Spillover effect to other industries?
22:16 – Outside the United States

Hear more about this new legislation out of California and its impact on the fast food industry.

 

 

Don’t Let Rising Utility Prices Be a Shock to Your Business. Here’s 5 Tips to Stay Energy Efficient

Don’t Let Rising Utility Prices Be a Shock to Your Business. Here’s 5 Tips to Stay Energy Efficient

September 22, 2022

With the U.S. Energy Information Administration forecasting a 16 percent increase in energy costs in 2023 – higher for some regions such as New York state that could see a 124% increase – businesses should control what they can. Gene Marks offers a handful of tips, some as simple as changing light bulbs, to help businesses prepare. Listen to the podcast.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Startups Are Booming – Here’s Why

Startups Are Booming – Here’s Why

September 20, 2022

Despite the Great Resignation, startup businesses are booming. Why is this? Stephanie Gorski, Strategy Managing Director/Partner at Accenture has some thoughts. Listen in as she talks with host Gene Marks about the recent study from Accenture, the changing business owner demographic, and more.

Topics Include:

00:20 – An introduction to Stephanie Gorski
01:37 – Small businesses are not enterprise businesses
05:28 – Accenture’s study on startups
07:54 – How startups came to be during COVID
10:33 – Giving your employees the opportunity to pursue passions
13:35 – Would COVID have had the same impact 10 years ago
15:07 – What factors hold people back from starting up businesses          
17:18 – The unglamorous side of starting up a business
18:27 – How this data will be helpful to businesses
20:08 – The changing demographic of new business owners
22:34 – Stephanie Gorski’s passion

Thinking about starting a business? Learn what you need to know before you do at www.paychex.com/articles/startup/things-to-know-starting-business.

Use this start-up guide to play your new business. www.paychex.com/secure/whitepapers/plan-your-business.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Technology, Data, Communication, and Forecasting: Tips to Counter Inflation

Technology, Data, Communication, and Forecasting: Tips to Counter Inflation

September 15, 2022

After a survey revealed that 54 percent of small businesses expect their revenue to increase in 2023 despite inflation, host Gene Marks takes a look at ways to accomplish this. He offers several tips on using a Customer Relationship Management system, communicating with customers, and focusing on forecasting. Listen to the podcast.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Changing Workplace Trends According to Microsoft

Changing Workplace Trends According to Microsoft

September 13, 2022

What is on the minds of small business owners? That is what Microsoft went out to find in their Small Business State of Mind study. On this episode of THRIVE, a Paychex Business Podcast, host Gene Marks is talking with Travis Walter, Microsoft Stores Vice President of Retail. Hear what he had to say about what this study found, including the impact of Generation Z, navigating inflation issues, why cybersecurity should be at the top of your mind, and more.  

 Topics Include:

00:29 – Introduction to Travis Walter
01:56 – The Small Business State of Mind report
02:17 – The emphasis on Gen Z
04:47 – Biggest threats to small businesses
07:33 – Navigating inflation issues
09:25 – The importance of using the services you have
12:47 – Cybersecurity risk for small businesses
14:41 – The new startup trend
18:11 – The most popular Microsoft products

Have a guest or topic you’d like to suggest for the show? Submit your ideas here.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

 

 

California’s Fast-Food Law Could Change Wages, Safety Standards, and How Other States Regulate Businesses

California’s Fast-Food Law Could Change Wages, Safety Standards, and How Other States Regulate Businesses

September 8, 2022

California could be trendsetting or setting up businesses for more challenges with the signing of a law that regulates the fast-food industry. A council would have the power to increase the minimum wage and change safety standards. It gives employees a seat at the table. It gives all businesses something to consider. In this week’s episode, Gene Marks discusses the pros and cons. Listen to the podcast.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

How eBay is Creating Communities for Buyers and Sellers

How eBay is Creating Communities for Buyers and Sellers

September 6, 2022

Starting, building, and growing a business can be very exciting and rewarding, it can also be very isolating. That’s why it’s so important to connect with your customers and other business owners to create communities to learn, share, and build relationships. On this episode of THRIVE, a Paychex Business Podcast, Gene Marks is talking with Rebecca Michals, Director of Community Engagement at eBay about the importance of community involvement. Whether you’re an eBay seller or just a business leader, you’ll want to hear what Rebecca had to say about the importance of sharing your passions with others, using fellow business owners as a support system, communicating with customers, and more.

Topics Include:

00:37 – Rebecca Michals and her position at eBay
03:32 – How eBay sellers can connect with each other
04:19 – Forum moderation
05:24 – Why sellers participate in the eBay community
07:26 – Opportunities for sellers to connect face-to-face
09:23 – Content and training through eBay Academy
12:03 – Using email to provide information and content
13:25 – Building a community with your customers
17:48 – How eBay is helping sellers have access to capital

Creating a community can help you connect to your buyers, find out other ways to build customer relationships at www.paychex.com/articles/management/microbusinesses-build-customer-relationships.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Benefits of Offering Paid Parental Leave Include Significant Tax Credits

Benefits of Offering Paid Parental Leave Include Significant Tax Credits

September 1, 2022

A survey by the Society of Human Resource Management found that there was a significant decline in the percentage of companies offering paid parental leave and even paid paternity leave. Host Gene Marks shares insights on some of the challenges that could explain this change, but offers several tips as to how take advantage of the benefits of offering a program, including tax credits. 

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

The Labor Market Is Tough – How Indeed Is Making It Easier

The Labor Market Is Tough – How Indeed Is Making It Easier

August 30, 2022

Finding, hiring and retaining the right talent has rarely been more challenging or important. As part of its commitment to simplify HR for America’s businesses, Paychex has partnered with Indeed, the #1 job website, to help businesses increase the visibility of their job openings and speed-to-hire. On this episode of THRIVE, a Paychex Business Podcast, host Gene Marks is talking with Executive Vice President and General Manager of Indeed, Raj Mukherjee, about how businesses can set themselves up for success and find the right talent. Hear what he says on how to stand out to potential employees, starting with a hiring process and recruitment process, hiring through employee referrals, creating a diverse workplace, salary transparency, and much more. 

Topics Include:

00:14 – Episode introduction
01:38 – And introduction to Indeed
02:50 – How Indeed sets itself apart
04:09 – The cost of Indeed
06:06 – Hiring through employee referrals
09:03 – How Indeed helps you diversify your workforce
11:41 – Why Indeed is great for small businesses
13:40 – How a job description can set your posting up for success
15:42 – Salary transparency in job postings and how Indeed helps
17:39 – Lean in into your brand culture
19:21 – Assessing candidates’ skillsets
20:37 – The future of hiring with AI other technologies

Resources:

Learn more about recruiting and hiring employees in this great Hiring 101 Guide at www.paychex.com/articles/human-resources/hiring-101-how-to-hire-employees.

As you make your way through finding quality talent, be sure to avoid these common hiring mistakes. Learn more at www.paychex.com/articles/hcm/avoid-these-5-hiring-mistakes.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

How the Inflation Reduction Act Can Benefit Business Owners

How the Inflation Reduction Act Can Benefit Business Owners

August 25, 2022

President Biden recently signed into law the Inflation Reduction Act. While many debate if this will actually decrease inflation, one thing that’s for sure is there are some real tax benefits to small business owners.  In this week’s episode of On the Mark, host Gene Marks will walk through five benefits that small businesses can take to help reduce costs with big tax credits.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

The Retirement Crisis in America – How the SECURE Act Is Helping Employees and Employers

The Retirement Crisis in America – How the SECURE Act Is Helping Employees and Employers

August 23, 2022

Retirement, it’s something we are all working towards, but something that many throughout the United States are not prepared for. In today’s workforce, there’s a retirement crisis happening. Too many people throughout our country are not saving what they need to retire comfortably – and this isn’t just a problem for employees, it’s a problem for employees too. On this episode, we have two great guests, Randy Feenstra and Congresswoman Ashley Hinson, both Representatives from the state of Iowa and both sponsoring the SECURE Act 2.0. Listen in as they talk with host, Gene Marks, about the SECURE Act 1.0, the SECURE Act 2.0, the Mainstreet Tax Certainty Act, and what’s on the horizon for retirement planning in the U.S.

Topics Include:

01:04 – Introducing Congressman Randy Feenstra
01:42 – SECURE Act 1.0
04:19 – What the SECURE Act from 2019 offers
05:31 – Pooled Employer Plan (PEP)
06:41 – Retirement as an employee benefit
07:51 – Changes in the SECURE Act 2.0
12:22 – Tax credit for military spouses
13:11 – Tax incentives for Employee Stock Ownership Plan (ESOP)
16:06 – Expectations for Bipartisan support of SECURE Act 2.0
17:57 – Introducing Congresswoman Ashley Hinson
21:08 – The benefit to employers
22:22 – Automatic enrollment
23:56 – Additional provisions to SECURE Act 2.0
27:19 – Main Street Tax Certainty Act
31:35 – Emergency Savings Account Act

Read more information about the SECURE Act 2.0 at www.paychex.com/articles/compliance/secure-act-changes.

Get a refresher course in retirement planning at www.paychex.com/articles/employee-benefits/retirement-planning-101-for-business-owners.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

 

Study: 3 Tips to Offset Pitfalls Created by Pay Transparency

Study: 3 Tips to Offset Pitfalls Created by Pay Transparency

August 18, 2022

Pay transparency has many benefits, including improving pay equity and limiting the gender bias in pay, but a study found it also might compress pay, lead to disputes, and even create situations where people leave a company. Listen to this week’s episode as Gene Marks shares details on this study and also provides actions a company can take to limit the impact of the pitfalls.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Sen. Mark Warner on the Tax Credit Helping Minority-Owned Businesses Thrive

Sen. Mark Warner on the Tax Credit Helping Minority-Owned Businesses Thrive

August 16, 2022

When it comes to banking, minority-businesses are often lacking that close relationship that many larger businesses have. With Community Development Financial Institutions (CDFIs), 60% of their lending must be focused on low- and moderate-income individuals. On this episode, Senator Mark Warner of Virginia is talking about the new piece of legislation he is working on and how it will increase investment to CDFIs and ultimately to those small businesses in low- and moderate-income communities.

 Topics Include:

00:24 – An introduction to CDFIs
03:14 – The prevalence of unbanked or underbanked businesses
05:38 – Examples of CDFIs
07:44 – The State Small Business Credit Initiative (SSBCI)
09:57 – Incentivizing private investors to invest in CDFIs
14:31 – Who does the CDFI bill target?
15:41 – When might this bill pass?
17:50 – The importance of going out and borrowing money

Looking for other funding opportunities? Learn about the SBA Microloan Program at www.paychex.com/articles/finance/sba-microloan.

Read more about funding your business with our guide "Start Up Guide: Fund Your Business."

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Could Potential Boost in IRS Funding Ramp Up Audits on Small Businesses?

Could Potential Boost in IRS Funding Ramp Up Audits on Small Businesses?

August 11, 2022

With the Inflation Reduction Act expected to become law, the IRS would see funding increase by nearly $80 billion. “On the Mark” host Gene Marks and many others see this as a red flag for small businesses when it comes to auditing by the IRS. As a CPA and small-business owner, Marks offers a handful of tips on how to approach tax filing that could help reduce the risk of an audit. Listen to the podcast. 

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

For One Shipping Company, Success is More Than How Fast You Deliver

For One Shipping Company, Success is More Than How Fast You Deliver

August 9, 2022

The supply chain industry was hit hard throughout the past two years, but DHL managed to find success despite the challenges they faced. On this episode of THRIVE, a Paychex Business Podcast, Gene Marks is talking with Greg Hewitt, CEO of DHL Express U.S. about what they are doing to attract and retain talent, increase customer satisfaction, and more.

Topics Include:

01:11 – About DHL Express
02:48 – Greg Hewitt’s background
03:17 – Reflecting on the past two years
08:09 – How DHL is attracting and retaining talent
15:37 – Compensation vs. workplace environment
18:03 – The importance of your people
19:20 – Happy employees, happy customers
21:32 – Advice for managing shipping costs
23:55 – Sharing the cost of shipping

Greg Hewitt talked about how DHL keeps a low turnover rate, read about what not to do when it comes to attracting and retaining talent with our guide "6 Things Employers Get Wrong When It Comes to Attracting and Retaining Talent" at https://www.paychex.com/secure/whitepapers/attracting-retaining-talent-things-employers-get-wrong.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

 

5 Ways to Help Your Business Work Better with Rising Interest Rates

5 Ways to Help Your Business Work Better with Rising Interest Rates

August 4, 2022

This week’s “On the Mark” podcast shares a handful of approaches your business can use to help navigate through this current period of rising interest rates, including budgeting for higher debt costs, seeking longer-term financing, getting into interest-bearing accounts, and more. Listen to the podcast for more insights from small-business owner Gene marks.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Sen. Chuck Grassley Talks Changes to Small Business Bankruptcy

Sen. Chuck Grassley Talks Changes to Small Business Bankruptcy

August 2, 2022

As a business owner, going bankrupt is never something you plan for, so when it does happen, it shouldn’t be any harder than it has to be. On this episode of THRIVE, a Paychex Business Podcast, Gene Marks is talking to Senator Chuck Grassley from Iowa, about the latest legislation that he has been working on to make bankruptcy easier on small businesses. Listen in as he talks about the changes this legislation will make.

Topics Include:

00:48 – 2019 Small Business Reorganization Act
02:12 – What inspired the new legislation
03:53 – The improvements to the existing Chapter 11
06:15 – Bankruptcy and the existing economy
08:19 – Sen. Grassley’s thoughts on addressing small business challenges
11:32 – The upcoming midterm elections

 Have a guest or topic you’d like to suggest for the show? Submit your ideas at payx.me/thrivetopics

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Recession? Slowdown? A Few Tips to Turn This into an Opportunity for Your Business

Recession? Slowdown? A Few Tips to Turn This into an Opportunity for Your Business

July 28, 2022

The construction industry is showing signs of a slowdown, tech is cutting jobs, and banks seem to be anticipating a recession. However, travel is up, household net worth is at all-time highs, and Gene Marks suggests your business can take advantage of the situation and position yourself for the future. Listen to this week’s episode to get a few tips.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

In a Time of High Wages and High Costs, the Answer is Technology

In a Time of High Wages and High Costs, the Answer is Technology

July 26, 2022

With an economy as uncertain as the one we are facing today, businesses are forced to take on a range challenges, from supply chain issues and the rising cost of doing business, to the Great Resignation and inflation. Listen in as Terence Cummings, VP of Small Segment and Business Operations at Sage talks with Gene Marks about the importance of using technology to help you and your business manage this uncertain time, increase productivity, and improve profitability.

Topics Include:

00:17 – Meet Terence Cummings
04:18 – An introduction to Sage
06:35 – This year’s top challenges for business owners
09:52 – AI machine learning robotics and customer service
12:07 – How CRM technology helps manage customers, equipment, and supplies
12:55 – How Sage connects you to the information they want and need
14:09 – CRM, productivity, accessibility, and cutting labor time
17:59 – Sage’s partner channel and why it’s so critical
22:00 – Utilizing all the software is capable of to make informed decisions
24:47 – The one thing businesses should be doing with Sage

Resources:

Speaking of technology, learn about the latest HR technology trends for 2022 at www.paychex.com/articles/hcm/technology-trends-in-hr.

Payroll technology is another great way to increase productivity, learn about the payroll technology trends for 2022. Learn more at www.paychex.com/articles/payroll-taxes/new-year-payroll-trends.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

 

Practicing Wage Transparency Can Help Narrow the Pay Gap

Practicing Wage Transparency Can Help Narrow the Pay Gap

July 21, 2022

Gene Marks shares his thoughts on the importance of implementing wage transparency as part of your business’s job search and hiring process, regardless of whether your state or locality requires it. Gene suggests that it’s one way to level the playing field for all candidates, plus offers several resources that can help your business learn more about pay scales. Listen to this week’s episode for more. 

Resources:

What is wage transparency? Learn more about the benefits at www.paychex.com/articles/management/pay-transparency.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Bethenny Frankel: Why Business Is Personal

Bethenny Frankel: Why Business Is Personal

July 19, 2022

Bethenny Frankel. Television personality, entrepreneur, philanthropist, and New York Times bestselling author. Whatever comes to mind when you hear her name, there’s one thing you need to know about Bethenny Frankel; when it comes to business, she’s all business. On this episode of THRIVE, a Paychex Business Podcast, Gene Marks talks with Bethenny Frankel about her success as an entrepreneur, her experience as a business owner, and her new book “Business is Personal.” Hear what she shared with us about how ‘stacking’ your time can make you more productive and efficient, what to consider when looking into business investors, the importance of building a team of loyal employees, and much more.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Proposed New Rule Could Strip Independence from Independent Contractors

Proposed New Rule Could Strip Independence from Independent Contractors

July 14, 2022

Businesses that use independent contractors might be faced with a decision — a financial one — if a proposed new rule goes into effect that would define independent contractors as employees. This could create the need to pay them a wage and qualify them for overtime. It also could impact independent contractors who want more autonomy over their work. Gene Marks discusses these and other potential impacts of the proposed rule on this week’s episode.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Creating Efficiency By Embracing Digital Technology

Creating Efficiency By Embracing Digital Technology

July 12, 2022

René Lacerte, Founder and CEO of Bill.com, knows just how special small businesses are. That’s why he created Bill.com, to help business owners with their financial operations as they relate to accounts payable and accounts receivable. Listen in as René talks with Gene Marks about what Bill.com can do for businesses; the importance of embracing digital technology; how businesses can navigate supply chain, inflation, and high interest rates, and much more.

Topics include:

00:58 – And introduction to Bill.com
04:49 – How can Bill.com make your life easier?
07:58 – The ease of setting up Bill.com
10:03 – Get more done with the same staff
12:47 – The partnership approach of Bill.com
14:33 – Where does Bill.com stand in an uncertain economy?
16:52 – Navigating supply chain, inflation, and high interest rates
20:26 – The future of Bill.com
22:08 – Why businesses need technology like Bill.com

Find out more ways to help improve efficiencies within your company by visiting www.paychex.com/articles/human-resources/improving-operational-efficiency.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Businesses Shift Strategies to Digital and Text Messaging Marketing

Businesses Shift Strategies to Digital and Text Messaging Marketing

July 7, 2022

A four-year study of keywords and online search traffic by SEMRush reveals that businesses are all about learning more and gaining ground when it comes to the digital realm. This includes digital marketing services, videos, and text messaging marketing. Host Gene Marks advises getting onboard to build your business and expand your communication with clients. Listen to this week’s “On the Mark” podcast to get additional tips on how best to put these tactics into practice.

Resources:

How to Get Found Online. Listen to THRIVE, a Paychex Business Podcast, as an SEMRush senior VP shares how the right people and plan can get your website noticed.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

How The Wage Theft Protection Act Could Impact Your Business

How The Wage Theft Protection Act Could Impact Your Business

July 5, 2022

When it comes to doing business in the construction industry, ensuring your own employees are being paid correctly is not the only thing you need to worry about. With the Wage Theft Protection Act, you must be sure that anyone working on one of your projects, including those employed by subcontractors, are being paid the correct wage, on time, and at the right rate. On this episode, host Gene Marks is talking with Phil Ross and Brian Sanvidge, of the accounting advisory firm, Anchin, Block & Anchin LLP, about the Wage Theft Protection Act, your responsibilities under this legislation, and how to protect yourself and your business.

Topics include:

00:20 – Meet Phil Ross and Brian Sanvidge
02:54 – What is the Wage Theft Protection Act?
05:30 – Paying your employees the right rate – what does that mean
07:44 – Who does the Wage Theft Protection Act apply to?
11:02 – Why a lower cost subcontractor isn’t always better
14:30 – What industries does this impact?
17:32 – What steps can you take?
20:00 – What to do if you find a problem with a subcontractor
22:03 – The importance of reference checking

Have a guest or topic you’d like to suggest for the show? Submit your ideas here.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Three Tips to Help Small Businesses Offset Hiring Challenges During Slowdown

Three Tips to Help Small Businesses Offset Hiring Challenges During Slowdown

June 30, 2022

Compensation, flexibility, and waiting for a deeper talent pool could be the way your small business navigates through this period of inflationary-induced hiring challenges. Gene Marks suggests on this week’s podcast that it starts with paying a competitive salary, but equally important is using your size to do things bigger places can’t — flexible workweeks and coordinated fun days that build culture. Finally, be prepared to scoop up the employees that larger companies might let go if a recession hits.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Sen. Marco Rubio: The PPP – How It Started And Where It’s Going

Sen. Marco Rubio: The PPP – How It Started And Where It’s Going

June 28, 2022

When the shutdowns from COVID-19 began to take effect in March of 2020, Senator Marco Rubio knew that the impact to the economy could be catastrophic if they didn’t act soon. With the looming threats of widespread unemployment, a real estate crisis, and the reality that many small businesses would be wiped out, Sen. Rubio lead the way for the Paycheck Protection Program (PPP). Listen in as Sen. Rubio takes host Gene Marks behind the scenes of the PPP – a look back at how it started, how it went, and where it’s going.

Topics include:

00:19 – Introduction to the episode
01:03 – The numbers of the PPP
01:28 – From a supply chain tool to the PPP
03:50 – Who was a part of creating the PPP
05:16 – The inspiration
06:45 – Sen. Marco Rubio’s thoughts and fears
08:33 – The PPP and fraud
10:30 – Why the banks were slow to react
12:49 – How Sen. Rubio educated people about the PPP
14:41 – Sen. Rubio’s involvement throughout the PPP
16:25 – How bipartisan was the PPP?
18:12 – If he could do it again what would he change?
22:26 – Is there potential for this model in the future?
24:31 – Sen. Rubio talks the impact of the PPP

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Invest in Employee Health Care, Retirement, and Professional Development

Invest in Employee Health Care, Retirement, and Professional Development

June 23, 2022

A survey by the Society of Human Resource Management (SHRM) found that 72% of businesses that responded offer a fully insured health plan, while 95% offer a retirement plan. Another 62% provide remote-work employees a subsidy for equipment. This week’s episode provides details about the additional benefits employers can gain by dedicating financial resources to these and other areas of high interest, according to the survey.

Have a guest or topic you’d like to suggest for the show? Submit your ideas at: http://payx.me/thrivetopics.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Paralympic Athlete Lex Gillette Talks Diversity, Equity, and Inclusion

Paralympic Athlete Lex Gillette Talks Diversity, Equity, and Inclusion

June 21, 2022

At the age of eight, Paralympic Track and Field Athlete for Team USA, Lex Gillette, lost his eyesight, but that didn’t stop him from finding his vision. In this episode, the second of a two-part series, Lex talks with host, Gene Marks, about diversity, equity, and inclusion (DE&I), the conscious and unconscious biases that exist in business, and how we can overcome those to create a more diverse workforce.

Topics include:

00:19 – Who is Lex Gillette?
02:32 – Diversity and taking off the blindfolds
04:16 – Conscious and unconscious biases in business
11:40 – The importance of having a diverse workforce
13:59 – Stepping into someone else’s shoes
15:58 – Accommodations and diversity objectives

Use our DEI Resource Center for insights on building an inclusive work environment. Visit www.paychex.com/worx/workplace-inclusion-and-diversity

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Paralympic Athlete Lex Gillette On Finding Your Vision

Paralympic Athlete Lex Gillette On Finding Your Vision

June 21, 2022

At the age of eight, Paralympic Track and Field Athlete for Team USA, Lex Gillette, lost his eyesight, but that didn’t stop him from finding his vision. In this episode, the first of a two-part series, Gene Marks, host of THRIVE, a Paychex Business Podcast, talks with Lex about overcoming obstacles, shifting your mindset, the importance of building a good support system around yourself, facing your fears, and much, much more.

Topics include:

00:19 – An introduction to Lex Gillette
02:11 – Overcoming obstacles
05:31 – Facing barriers in life
09:51 – The importance of a support system
12:48 – Facing your fears
16:04 – How vision can help you see

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Helpful Strategies Can Grease the Skids When Handling Inflationary Oil Cost Spikes

Helpful Strategies Can Grease the Skids When Handling Inflationary Oil Cost Spikes

June 16, 2022

Inflation and its impact will be in the news for better part of the year, especially the rising cost of oil and fuel. Gas prices and petroleum-based products that every business uses on a regular basis — even travel and commuting costs — will affect finances. This week’s “On the Mark” podcast looks at a few steps that owners can take now to plan accordingly and hopefully better manage the situation.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Standing Out to Your Employees: The Key to Retention

Standing Out to Your Employees: The Key to Retention

June 14, 2022

If there’s one thing we’ve learned from the Great Resignation, it’s that business is in fact personal. Especially for employees. As companies look for ways to attract and retain talent during this time of labor shortage, they need to put a renewed focus on organizational culture and employee morale. On this episode of THRIVE, a Paychex Business Podcast, you’ll hear from Dr. Ernest Baskin, Associate Professor of Food Marketing at St. Joseph's University, as he talks with host Gene Marks about why businesses should focus on creating a positive company culture, the importance of treating your employees like family, why employers and managers should be in the trenches, and more.

Topics include:

00:44 – The work of Dr. Ernest Baskin
02:55 – Finding and retaining talent: Is money the answer?
05:44 – A new breed of employees: all about incentives
06:46 – Retaining current employees
09:12 – The importance of building a culture
11:21 – Why managers should integrate with employees
15:35 – Implementing a feedback system
16:46 – Modeling your company culture
18:26 – Where to find employees

Read more about the importance of company culture at www.paychex.com/articles/human-resources/why-culture-management-matters

Find out how to build a culture for your remote team at www.paychex.com/articles/human-resources/how-to-build-culture-in-a-remote-team.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

Accepting Digital Payments Can Positively Impact Your Business

Accepting Digital Payments Can Positively Impact Your Business

June 9, 2022

In this episode of On the Mark, you’ll hear about a new study from PYMNTS.com that surveyed U.S. customers about their bill pay preferences and the appeal of digital billing. Host Gene Marks discusses why small business owners should pay attention to this trend as 41% of customers cite the ease and convenience of digital payments. Learn about the benefits of making the switch to offer digital payments and become a more attractive option to your customers.

Resources:

Learn more about how an upgraded payment technology system can benefit your business at www.paychex.com/articles/finance/contactless-mobile-credit-card-payments.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

 

The Metaverse is coming. Is your business ready?

The Metaverse is coming. Is your business ready?

June 7, 2022

When it comes to the future of the web, it’s all about the Metaverse. But what is the Metaverse exactly? And what does it mean for your business? That’s exactly what Gene Marks and Nathaniel Hunter, COO of InfiniteWorld, are talking about in this episode of THRIVE, a Paychex Business Podcast. Hear what they had to say about what Web 3.0 and the Metaverse are, what’s already being done in this new space, and how it will change the way companies do business.

 

Topics include:

01:01 – What does InfiniteWorld do?
02:04 – Metaverse terminology
02:58 – What exactly is the Metaverse?
03:45 – Web 1.0, 2.0, and 3.0
08:02 – Products in the Metaverse world
10:19 – What InfiniteWorld does for companies
12:39 – The interest in the Metaverse from companies
15:31 – Positioning your business for the Metaverse
17:41 – Digital real estate in the Metaverse
21:10 – What does the Metaverse mean for privacy and security
23:36 – What will make the Metaverse take off?

Have a guest or topic you’d like to suggest for the show? Submit your ideas here.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.

5% Don’t Think Cybersecurity is Important. Why Risk It? Take Steps to Protect Your Business

5% Don’t Think Cybersecurity is Important. Why Risk It? Take Steps to Protect Your Business

June 2, 2022

No business is too small for hackers to ignore. They want data and to create mayhem, and any business that isn’t taking cybersecurity seriously is a prime target. This week’s episode of “On the Mark” shares details on how hiring an IT security firm can be the best move to reduce your risk. The training and tactics provided, which take into consideration your remote workforce, will cost a little now but potentially save you from a financial and reputational hit in case of a cyberattack.

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 which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.