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PODCAST

THRIVE, a Paychex Business Podcast

Designed for those who crave the inside scoop on everything from people to policy to profits, each THRIVE episode transforms complex business and HR topics into clear, actionable advice. Whether you’re an entrepreneur, a seasoned business owner, or an aspiring leader, this podcast is your go-to source for cutting through the noise and gaining a competitive advantage.

business management

All Episodes

05:22

Small Businesses’ Top Concerns, AI in Hiring Process,...

THRIVE, a Paychex Business Podcast ·

2024/10/31

Small businesses expressed that inflation is their top concern with 93% of those surveyed indicating that for the past three years that it has been their primary focal point. Gene Marks shares the other concerns businesses have ahead of the election. This episode also focuses on how employers plan to use AI in hiring and the impact that could have. And for those who have pushed for a shorter work week, look to Iceland for the positive impacts such a move could produce. Listen to the

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15:13

From Data to Connection – Using AI for More...

THRIVE, a Paychex Business Podcast ·

2024/10/29

We conclude our series live from the floor of HR Tech 2024 with John Phillips, vice president and general manager of Findem, an AI-driven talent acquisition platform. John explores how AI is reshaping the way businesses of all sizes connect with top talent — and it’s not just about speed and efficiency. The traditional "post and pray" model is being replaced by a more dynamic, targeted, and human-centric process. Curious how AI can help build stronger connections, reduce bias, and find the perfect

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04:36

4 Tips for Cybersecurity Month, Weight Loss Drugs as...

THRIVE, a Paychex Business Podcast ·

2024/10/24

A study by the Small Business Administration reveals that breached records can cost as much as $164 per record and the cost of a breach to businesses with less than 500 employees can be as high as $3 million. Gene Marks shares some tips during Cybersecurity Month to help your businesses understand and mitigate threats. Gene also shares the skinny on the latest healthcare benefit employees seek; weight loss drugs. However, only 18% of businesses are offering it on their plans. Gene shares insights on

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18:02

Rethinking HR in the Age of Multigenerational...

THRIVE, a Paychex Business Podcast ·

2024/10/22

Feeling workplace dynamics shift under your feet? With at least five generations now sharing office space, the old one-size-fits-all approach just doesn’t cut it anymore. On this episode of Paychex THRIVE, live from HR Tech 2024, we chat with Pete Tiliakos from GxT Advisors about a hot topic at the conference — the diverse expectations of a multigenerational workforce. As businesses grapple with the challenges and opportunities presented by Millennials and Gen Z employees, Tiliakos shares how

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08:57

Making Millions in the Trades, Dropping Point-of-Sale...

THRIVE, a Paychex Business Podcast ·

2024/10/17

Owners of trades businesses such as plumbing and HVAC outfits are becoming millionaires by selling their businesses. Gene Marks looks at who and what is behind this latest trend. Also on this episode, Gene shares the findings of a survey that shows nearly three-quarters of business owners plan to replace their point-of-sale systems. What will this mean for customers and the business? In other trends, many business leaders are thinking about rescinding their work-from-home policy, which Gene doesn’t

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23:18

The Digital Leap: Elevating HR Strategies with AI...

THRIVE, a Paychex Business Podcast ·

2024/10/15

In today's rapidly evolving HR landscape, technology is more than just a tool — it's a driving force reshaping the future of work. Ready to stay ahead? Join industry experts Stacey Harris and Cliff Stevenson from Sapient Insights Group for the second installment of our four-part series live from HR Tech 2024. Discover the latest trends and innovations redefining HR, along with practical examples of how to leverage them to create a more engaged and productive workplace. Tune in and let this episode

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05:37

Modest Job and Earnings Growth, a CA Law Protects...

THRIVE, a Paychex Business Podcast ·

2024/10/10

Job growth and hourly earnings growth remained moderate, according to the Paychex Small Business Employment Watch for September. Gene Marks shares details from President and CEO John Gibson, who notes that external influences such as upcoming elections and rate cuts factor into the data. In California, employers need to know about a new law that offers freelancers certain protections, including around payment deadlines. In the southeast, businesses should be aware that funding is available to help

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25:02

Trish Steed and Steve Boese on HR Trends Defining the...

THRIVE, a Paychex Business Podcast ·

2024/10/08

On this episode of Paychex THRIVE, Trish Steed and Steve Boese, from H3 HR Advisors, join us live from the show floor at HR Tech 2024. At this year’s conference, they note a marked shift from merely implementing technology for technology's sake to how it can genuinely enhance workplace dynamics and employee satisfaction. The emphasis is now on finding technology that opens up avenues for better communication, understanding, and support between employees and management, while also making HR tasks

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12:57

What Unfolded at HR Tech? AI, Products, and Insights...

THRIVE, a Paychex Business Podcast ·

2024/10/03

On this special edition episode of Paychex THRIVE Week in Review podcast, host Gene Marks welcomes Rob Parsons, Manager of Brand and Content at Paychex, to the show to shares firsthand insights from the HR Tech show in Las Vegas. AI, once again, topped the list but Rob also talks about how at this year’s show the emphasis was on demonstrating its capabilities. The conversation includes the other major issue businesses face: recruiting, retaining, and engaging talent, as well as empowering employees

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25:30

How Professional Employer Organizations (PEOs) Are...

THRIVE, a Paychex Business Podcast ·

2024/10/01

How do successful small businesses focus on growth while also juggling changing regulations, employee wellbeing, and all that HR paperwork? They enlist a professional employer organization (PEO). Join host Gene Marks as he sits down with Tami Tillery, Senior Manager, PEO Employee Benefits at Paychex, to discuss how PEOs can transform your HR operations, providing a one-stop solution for payroll, benefits, compliance, and more. Tami also answers burning questions from entrepreneurs like you and

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09:59

Fed Cuts Interest Rate, Businesses Need Proper...

THRIVE, a Paychex Business Podcast ·

2024/09/26

The Federal Reserve finally cuts the interest rate, but Gene Marks is tepid on how much a quarter-point will really spur the economy since banks are still making it difficult for small businesses to access capital. Still, he talks about it being a step in the right direction on this week’s episode, which also shares results of a survey that show 30% of small businesses not understanding or even using the necessary insurance to protect themselves and employees, which Gene offers tips to help. Plus,

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08:17

Consumer Spending Trends, Cash Flow Challenges, and...

THRIVE, a Paychex Business Podcast ·

2024/09/19

In this week's episode, Gene Marks discusses concerns from a recent Wall Street Journal report about rising credit card delinquencies and higher interest rates, noting that banks, including Citibank, are worried about consumer's abilities to manage their debts. This could lead to decreased consumer spending, which impacts businesses across various sectors. Additionally, a new PYMNTS' report highlights cash flow issues for small businesses, showing that 70% have less than four months of cash

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25:13

Brewing Success: How Starbucks Boosts Small Business...

THRIVE, a Paychex Business Podcast ·

2024/09/17

A new study from two of Columbia Business School's brightest minds, Jinkyoung Choi and Jorge Guzman, reveals a striking correlation between the opening of Starbucks locations and a subsequent increase in local business activity. Specifically, neighborhoods witnessing the entry of their first Starbucks saw approximately a 5% uptick in new businesses compared to areas without such an addition. Choi and Guzman join this episode of Paychex THRIVE to discuss this phenomenon and share why Starbucks, with

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08:52

Earnings Growth Falls, Job Openings Decline, and...

THRIVE, a Paychex Business Podcast ·

2024/09/12

Hourly earnings growth fell below 3% for the first time since January 2021, according to the Paychex Small Business Employment Watch, which indicates the labor market is softening. Job openings have also decreased to pre-pandemic levels, also noting a softening labor market. Gene Marks notes that it could create opportunities to hire. Employers looking to save money or manage costs also might be interested in the trend of direct provider contracts for health care. Gene says it’s an interesting

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09:40

Banks Tighten Lending Standards, DOL Tip Credit Rule...

THRIVE, a Paychex Business Podcast ·

2024/09/05

Small and midsized businesses are feeling pinched as banks hold on to money rather than loaning it out, citing an uncertain economic outlook. Gene Marks says there is still funding to support those in need – and it isn’t the half-point the Fed might cut interest rates. At least businesses in the service industry don’t have to deal with the DOL’s tip credit rule after a federal court of appeals tossed it out for being “too granular.” However, as Gene points out, employees in that industry are

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09:30

Soaring Healthcare Costs, FTC Non-Competes Ban, and...

THRIVE, a Paychex Business Podcast ·

2024/08/29

With predicted healthcare cost hikes to be as high as 9% in 2025 and annual enrollment approaching in a few months, Gene Marks employers prepare now. Consider offering multiple plans at multiple prices, going the HRA route, or consider captive insurance potentially to offset costs. Gene also discusses the court battle about the FTC non-compete ban, which one business group succeeded in getting stayed, and he has a simple suggestion. And with some businesses on deadline to provide Beneficial

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08:04

Consumer Spending Defies Inflation Fears, Small...

THRIVE, a Paychex Business Podcast ·

2024/08/22

With July numbers in, the economy looks to be doing better than expected. Gene Marks points to an uptick in consumer spending, including with motor vehicle sales, and wages keeping pace with inflation. And even the inflation numbers look positive, although Gene says the rates for services such as childcare and insurance are skyrocketing and concerning. What might the Federal Reserve do? Small-business owners express confidence in numbers not seen in several years. And why not be confident when the

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09:11

Wanted: Skills Not Degrees, AI for Customer Service,...

THRIVE, a Paychex Business Podcast ·

2024/08/15

At least one-third of business owners have widened their job search, according to a recent survey. These companies no longer require a bachelor’s degree for certain jobs, looking more so at the skills the applicants possess to do the role. Gene Marks says smart is smart and there are advantages to eliminating degree requirements. He also dives into the pros and cons of AI in handling some customer service tasks, and why health insurance rate hikes should have businesses preparing for 2025. Listen to

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09:07

Wage Growth Near Inflation Rate, Business...

THRIVE, a Paychex Business Podcast ·

2024/08/08

Earnings growth has shown modest gains for seven months, according to the Paychex Small Business Employment Watch, but the annualized 3.16% gain hovers right around inflation. Gene Marks explains what this could mean to businesses and employees. Business sale prices are up 25%, including a 17% jump in the service industry. Why? Millennials are buying rather than starting, but mainly many older owners are looking for an exit. Then there are those individuals not buying at all but, instead, are

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08:10

Great Resignation 2.0, Job Post Ghosting, and Retail...

THRIVE, a Paychex Business Podcast ·

2024/08/01

Businesses might want to prepare for Great Resignation 2.0 after a survey revealed that 30% of employees said they plan to quit their jobs by year-end. Why? Poor pay, lack of satisfaction, but Gene Marks points out that there is one “benefit” that can satisfy the dissatisfied Millennials and Gen Xers from the survey. Job seekers are experiencing similar dissatisfaction with employers who are ghost-posting, essentially listing openings that don’t exist. Another survey, this from the retail industry,

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498 results

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