S38E16 - How Companies Are Adopting On-Demand Payroll Practices to Attract and Retain Talent, with Jim Colassano and Eric Wade

In this HCI Podcast episode, Dr. Jonathan H. Westover talks with Jim Colassano and Eric Wade about how companies are adopting on-demand payroll practices to attract and retain talent. See the video here: https://youtu.be/ku5hbiArpq4. Jim Colassano (https://www.linkedin.com/in/james-colassano-8466096/) is senior vice president of product development and strategy at The Clearing House. Mr. Colassano has more than 25 years of experience in all facets of the Payments and Cash Management business. He joined The Clearing House in 2016 as a Senior Vice President in the Product Development and Strategy group, where he is focused on product strategy and bank readiness for TCH’s new real time payments system. In this role he works closely with TCH owner banks on opportunities and applications to address business related payment problems, and identify strategic priorities for this new payments infrastructure. Before joining The Clearing House, Jim spent 10 years with HSBC as a Product Executive in their Payments and Cash Management group. During that period he served as the Global Product Head for their Payables business which had responsibility for faster payments initiatives as well as cash, check and ACH payment products worldwide. Before joining HSBC, he spent 15 years with JPMorgan Chase in a variety of cash and treasury management roles. Mr. Colassano holds Masters Degrees in Banking and Finance from Pace University. Eric Wade (https://www.linkedin.com/in/eric-wade-cpp-a2111662/) is a Product Manager at Paychex, a recognized leader in the payroll, human resource, and benefits outsourcing industry. Eric has worked at Paychex for over 28 years and in his current role, he is responsible for payment and tax related products. He has led the research and launch efforts at Paychex on multiple new products and payment strategies including being the first HCM company to offer Same Day ACH in 2016 and now Real-Time Payments in 2020. Paychex serves approximately 670,000 payroll clients, pays one out of every 12 American private-sector employees and moves over $700 billion in funds annually. Please consider supporting the podcast on Patreon and leaving a review wherever you listen to your podcasts! Go to cardiotabs.com/innovations and use code innovations to get a free Mental Health Pack featuring Cardiotabs Omega-3 Lemon Minis and Curcumin when you sign up for a subscription. Get 3 months of GUSTO free when you run your first payroll, at Gusto.com/HCI. Get up to 20% off by using code HCI for the summer sale at shop.Ekster.com/HCI. Check out the Ready for Takeoff podcast at Wix.com/readyfortakeoff. Check out Zapier.com/HCI to explore their business automations! Go to Swag.com/HCI and use promo code HCI10. Check out the HCI Academy: Courses, Micro-Credentials, and Certificates to Upskill and Reskill for the Future of Work! Check out the LinkedIn Alchemizing Human Capital Newsletter. Check out Dr. Westover's book, The Future Leader. Check out Dr. Westover's book, 'Bluer than Indigo' Leadership. Check out Dr. Westover's book, The Alchemy of Truly Remarkable Leadership. Check out the latest issue of the Human Capital Leadership magazine. Ranked #5 Workplace Podcast Ranked #6 Performance Management Podcast Ranked #7 HR Podcast Ranked #12 Talent Management Podcast Ranked in the Top 20 Personal Development and Self-Improvement Podcasts  Ranked in the Top 30 Leadership Podcasts Each HCI Podcast episode (Program, ID No. 592296) has been approved for 0.50 HR (General) recertification credit hours toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).