Optimism Up and Entrepreneurs Out, Compensation Boost, AI Innovation Incentives
THRIVE, a Paychex Business Podcast
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Show Notes
A report finds that entrepreneurs are optimistic about business prospects but nearly one-third want to sell. Gene Marks says take the positivity with a grain of salt from the sellers, plus take advantage of buying a business that already exists. Employers struggling to find labor aren’t shy about paying more for what they can find, according to a report by the National federation of Independent Businesses, with nearly 50% increasing compensation to lure candidates. And speaking of money, KPMG is offering cold, hard cash to employees who start innovating with AI tools.
Topics:
00:00 - Introduction
00:55 - Entrepreneurs Planning Exits
03:42 - Small Business Wages and Labor Market
06:11 - Incentivizing AI Innovation (KPMG's Case)
08:01 - Episode Wrap Up
Additional Resources
Meet Paychex: https://bit.ly/3VtM6bs
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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.