Misclassification and Compliance
The independent workforce represents a very different pool of talent than traditional employees. In order to successfully attract, retain, and re-engage independent contractors, it is important for companies to build a recruiting strategy that is specifically designed to meet the needs of this talent. What Makes Independent Contractors Different? First, it is important to understand…
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Employee misclassification can be detrimental to your business. Here are 10 main differences between independent contractors and employees that you should know about.
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As the 42-million-strong independent workforce continues to grow, so does the issue of employee misclassification. The IRS estimates that millions of workers have been misclassified, and according to state-level studies, 10% to 20% of employers misclassify at least one worker as an independent contractor. While some misclassification is unintentional due to lack of understanding about laws regarding worker classification, sometimes…
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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. 1. Highly Skilled Consultants are Independent Contractors The…
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Self-employment is not only a growing career choice for 42 million Americans, but companies on the whole are also increasingly recognizing the many benefits independent professionals provide and are incorporating this talent into their workforce strategy—65% of senior executives say their external workforce is essential for operating at full capacity and meeting demand. If your…
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It’s not uncommon to experience some nervousness when engaging an independent professional for the first time. Whether you have fears about the quality of the final product, what it’ll cost, or productive use of time and resources, it can be hard to trust someone you’ve never worked with before. The Benefits of Hiring Independent Contractors…
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Over the next five years, we predict that 58% of the U.S. workforce will be independent, or will have worked independently. This growing trend of independent work is not only a valuable source of talent for businesses, but its proliferation has also made it easier for businesses to compliantly engage independent workers with minimal risk. Despite these positive changes,…
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The independent workforce is here to stay. Nearly 42 million Americans are currently working independently on a full- or part-time basis and we predict that by 2027, more than half of the workforce will be, or will have worked independently. This means that if you aren’t doing so already, you’ll likely be engaging some of this independent talent…
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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. 1. National Labor Relations Board Returns to Old…
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Minimize the risk of worker misclassification by understanding these three important components of independent contractor compliance.
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