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Compliance Solutions
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As more companies incorporate independent professional talent into their workforces, the issue of worker misclassification has also been thrown into the spotlight. But what is worker misclassification exactly? First, it’s important to understand that independent contractors—freelancers, consultants, self-employed professionals, side-giggers, etc.—represent a fundamentally different type of worker than your typical W-2 employee. ‘Independent contractor’ is…
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Today, independent work is part of the normal career portfolio and organizations are increasingly looking for ways to incorporate independent professional talent into their overall workforce strategy. Independents have a lot to offer, and with the right engagement program, they can help an organization thrive. Here are four important strategies to keep in mind if…
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Worker classification is a topic of increasing importance as the independent workforce continues to grow in number. Workers can be classified as employees or independent contractors. Understanding the difference between these two types of classifications is very important for enterprises. Independent Contractors vs. Employees Independent contractor is a legal term for workers who are not…
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Today’s business leaders are experiencing pressure to improve service, move faster, and find new skills in their workforce. With a need to shift strategies to better meet business goals, enterprises are increasing their dependence on contract, freelance, and gig workers—adopting a flexible workforce that is comprised of both full-time and independent talent. Today, there are…
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Realize the competitive advantage of making independent talent part of your workforce strategy by creating a program to that brings top talent to your doorstep, compliantly.
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The modern workforce can consist of a variety of talent and knowing when to hire an independent contractor vs a temp or a full time employee can impact how quickly work gets done and your bottom line. Businesses are increasingly relying on the independent workforce—the millions of Americans who work as contractors, consultants, freelancers, side-giggers,…
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If your organization is engaging independent contractors for the first time, it may feel like navigating completely new territory. You might have fears about the quality of the final product, what it’ll cost, or the productive use of time and resources—it can be hard to trust someone you’ve never worked with before. However, in light…
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Any business that engages independent talent will take precautions to minimize the risk of worker misclassification, but if you do find yourself with an IRS audit letter what do you do? Because audits can result in large fines, negative press, back-tax payments, and even class-action lawsuits, the prospect of going through one can be scary….
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Worker misclassification can result in fines, penalties, lawsuits, and reputation damage. Here’s what you need to know about misclassification and compliance.
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Minimize the risk of worker misclassification by understanding these three important components of independent contractor compliance.
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