The audience will learn about evolving digital assets, cryptocurrency, and new approaches to creating a workplace for employees and keeping up with customers’ and clients’ changing needs.
The business world continues to evolve with digital assets, cryptocurrency, and new approaches to creating a workplace for employees and keeping up with customers’ and clients’ changing needs. As an employer, you may be wondering: what is changing around me, what do I need to know, and how do I set myself up to be relevant? How do I come up with new ideas for my business?
Tune in to Employment Law Today on April 19, where our guest will be Stacy Robin, Founder of The Degania Group. Stacy is a skilled business strategist for corporate growth and success, and she will be addressing the above noted timely topic.
Stacy Robin – The Degania Group.
Websites: www.deganiagroup.com (The Degania Group website)
www.cleversation.com (Cleversation website)
00:56 – 15:16: Eric introduces his guest, Stacy Robin, Founder of The Degania Group, which ensures emerging and established companies remain responsive to change by identifying ways to grow a business and solve problems. Stacy says that she didn’t have technological aspirations growing up. Early in her career, she ended up in the corporate world building electronic performance support systems. She also worked for a company where they moved paper based training, sales training, and customer support from hard copy manuals to more interactive training and support. Stacy founded The Degania Group because she knew a lot of people launching new ventures especially during the upcoming era of new technology who needed help. She has always enjoyed having an impact in helping others and their companies stay relevant and competitive. Eric also asks Stacy about what changes companies can face on a global or national level when it comes to cryptocurrency or Blockchain.
17:30 – 31:08: Eric and Stacy continue their discussion about bitcoin, cryptocurrency, and blockchain in businesses. Stacy says that blockchain, the distributed ledger technology, is where there is a lot of opportunity. She says that blockchain has created a trust network. Stacy also gives an example of a way she views the way blockchain can be used is by mentioning how Walmart is partnering with IBM’s hyper ledger fabric. Walmart has a ton of suppliers, so their network is complex. They created a network with IBM to help with traceability such as where consumers may be negatively affected by a food product for instance. Walmart took the time to understand this by first doing the mango experiment where they found out specifically where they were sourced from. With the hyper ledger tool that they created, they were able to find this out in 2.2 seconds instead of a week. These technological advancements like blockchain can create a power dynamic that is more equitable, accuracy, speed increases, and cost reduced.
33:14 – 44:24: Eric discusses with Stacy about some risks and downsides to adding cryptocurrency to their business models. Stacy says that now that there is more regulation with it, it can be a positive thing. There are a lot of tech groups working with lawmakers to help provide direction as law makers on their own may not have enough knowledge themselves to make regulations. She raises questions such as whether sports figures for example, should or can be paid half or full in digital assets or other ways transactions are made and whether these choices are legal. Eric makes a point that if an employer pays their employees’ overtime in Bitcoin, it won’t count as anything and that can be trouble for them. But he also says that they should also make sure that employees are compensated in full value whether it’s overtime or minimum wage. They speak about the risks that businesses take, both positive and negative, and how something like bitcoin can create an impact in how business and finances are done.
46:24 – 57:40: Stacy talks about how businesses are acting in light of these changes with cryptocurrency and blockchain. She brings up a question for every business owner to think of. She says “are you going to drive change or are you going to respond to it?” She says that you also have to think about who your clients are and how they are changing, but also how your industry is changing. How are your customers changing in how they are accessing your services or paying for services? But also if you don’t pay attention to this, how will it affect you? Stacy also makes a point that even if Bitcoin goes away, it has and will change the way commerce is done. You can connect with Stacy Robin through Linkedin where you can also find her business or visit deganiagroup.com.
About Employment Law Today
Helping Business With Employment Law Issues.
For many business owners, it can be overwhelming to keep up and comply with the federal and state labor and employment laws that govern how they run their business. With the COVID-19 pandemic, there are new laws and regulations regarding hiring, firing, and workplace practices and protocols — all of which can increase business owners’ anxieties about regaining traction or thriving again. On my weekly show, we will be discussing the most common employment law related questions and challenges that business owners have been facing in these uncertain times.
The show will have three main goals: (1) to inform businesses about employment law updates, (2) to inspire businesses by giving them the tools to move forward, and (3) to demonstrate how some business owners have overcome their employment law problems, walked through the challenges imposed by this pandemic, and have taken steps to regain traction during the reopening phases of this pandemic.
Our guests will include professionals who advise businesses from an H.R., legal, and financial perspective, along with thriving business owners who will share their experiences and insights into running a successful company while complying with labor and employment law mandates during COVID-19.