Brian Escobar and Walter William Duncan III - How to Demystify Paychecks for Employees

HR Data Labs podcast

Summary:

Brian Escobar is the Director of Human Resources Operations at Endeavor Schools, and Walter William Duncan III is the Payroll Manager at Endeavor Schools. Brian and Walter co-host the podcast It’s About Payroll, a weekly podcast designed to help spread knowledge about pay.

In this episode, Brian and Walter talk about why organizations can find empowerment in treating their employees like customers when it comes to payroll.

Chapters:

[0:00 - 7:59] Introduction

• Welcome, Brian and Walter!
• Today’s Topic: How to Demystify Paychecks for Employees

[8:00 - 15:43] Why is it important to educate employees about their pay?

• Many employees these days don’t look at (or understand) their paycheck
• Is there a cheatsheet to understanding your paycheck?

[15:44 - 22:55] What are the most common challenges in educating people about their pay?

• There are few educational resources that focus on demystifying pay
• Paychecks are not just paychecks anymore

[22:56 - 28:21] How can we better educate people on taxes?

• Guiding employees to specific tools and resources that can educate them
• Taking a more proactive role toward educating their employees

[28:21 - 29:43] Closing

• Thanks for listening!

Quotes:

“[As an employer], you want your employees to be financially savvy.”

“[The key to understanding income taxes] is consuming multiple resources until you understand it, and that’s the thing: the resources are scarce.”
Resources:
It's About Payroll!
Walt's personal SoundCloud from his one fun thing
Contact:
Brian's LinkedIn
Walter's LinkedIn
David's LinkedIn
Podcast Manger: Karissa Harris
Email us!
Production by Affogato Media