A Paychex survey, reported by Fortune, found that 40% of remote workers are juggling two full‑time roles, highlighting the surge of “over‑employment.” In this week’s Paychex THRIVE Week in Review podcast, host Gene Marks discussed how some employees are quietly holding multiple remote jobs and, in some cases, earning significant additional income. Marks noted that while this trend can raise management challenges, employers should focus on results rather than hours worked.
The episode also examined remote work productivity, citing Bureau of Labor Statistics data showing that remote employees logged an average of 2.65 fewer hours per day than their in‑office counterparts. Marks emphasized that company culture and management style will largely determine whether this productivity gap poses a problem, but advised business owners to remain aware of it.
Another segment explored Gen Z financial literacy, drawing on an Intuit study covered by the New York Post. The study found that Gen Zers scored just 30% correct on financial literacy assessments, with three‑quarters saying they wished they had more formal finance education in school. Marks advised employers to recognize this knowledge gap when recruiting younger employees and to consider providing basic financial training.
The show also highlighted strong startup activity, sharing that 460,000 new business applications were filed in June—well above pre‑pandemic levels—according to U.S. Census data reported via the Federal Reserve Bank of St. Louis (FRED). Marks attributed the high levels of entrepreneurial activity to inflationary pressures, side hustles, and the low barriers to starting a business today.
Finally, the episode provided a legal update for small businesses. The National Federation of Independent Business (NFIB) recently won its challenge against the Federal Trade Commission’s automatic‑renewal (“negative option”) rule. Marks explained that the ruling is a relief for small businesses, removing a compliance burden for companies that offer subscription or membership services.