Independent Contractor Misclassification and Compliance News January 2024

As the independent workforce continues to grow, so do the issues of worker compliance and misclassification. It is important for enterprises to remain informed about the latest laws, regulations, and developments surrounding these topics. Each month, we’ll bring you the latest news stories from around the web. U.S. Department of Labor Announces New Worker Classification…

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3 Keys to Maximize the Benefits of Open Innovation

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The business value of open innovation lies in its ability to drive creativity, flexibility, and efficiency by leveraging external resources and perspectives. Through open innovation challenges for its customers, MindSumo provides benefits that include: Accelerated innovation cycles. Instead of relying only on internal R&D, enterprises can leverage external ideas to bring new products and services…

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8 Ways to Offer Wellness Benefits to Independent Professionals

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Being a Client of Choice is critical for any enterprise competing for independent professionals with in-demand skills. Our research shows an annual increase in the percentage of independents saying they are able to choose the clients with whom they work. This choice goes beyond money into areas like ease of engagement, the quality of working…

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Creating an Effective Contingent Labor Program: Introduction 

Unsurprisingly, companies are increasingly recognizing the need for agility and flexibility within their workforce. Recent layoffs among traditional W2 employees have prompted a reevaluation of conventional employment models. As organizations navigate economic uncertainties and rapid technological advancements, the spotlight increasingly turns towards the strategic integration of independent contractors & a contingent workforce. This shift not…

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