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Compliance Solutions
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The cost of employee misclassification on independent contractors and what organizations can do to minimize risk.
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Many organizations today incorporate independent professional talent into their fulltime workforce, making it increasingly important to put measures in place to help correctly classify talent as either traditional employees—recipients of a W-2 Wage and Tax Statement—or independent contractors—recipients of form 1099-MISC, Miscellaneous Income. Failure to correctly classify a worker can have long-term, expensive consequences. If…
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CASE STUDY Vertical: Financial Services | Type: Direct Sourcing Today’s talent comes in all shapes and sizes from traditional W-2 workers to contractors, freelancers, consultants, temporary workers and more. Whether your organization is just beginning to engage contingent workers or has been incorporating this segment of the workforce for some time, you’ve likely heard the…
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Our current workforce demands a broad talent management plan that integrates a dynamic mix of temporary and full-time workers. A key component of this talent management plan is integrating independent professionals into contemporary workforce programs. Technology is leading the charge in this shift. Traditionally, workforce programs focused on independent talent are managed either in-house or…
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CASE STUDY Vertical: Healthcare | Type: Workforce Management Today’s labor force is increasingly composed of independent talent—people who work independently to build businesses, develop their careers, pursue passions, and supplement their incomes. Independent talent give companies the ability to respond quickly to project demands, exert greater control over employment costs, and realize access to in-demand…
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Contingent workers are a growing and increasingly prominent part of our workforce today. As more people choose independent work as a career path, the issue of worker misclassification is growing as well. The IRS estimates that millions of workers have been misclassified, and according to state-level studies, 10-20% of employers misclassify at least one worker…
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In this webinar, our panel of experts discusses the UK’s changes to off-payroll working in the private sector, what IR35 means for companies that engage independent contractors in the UK, and how your business can prepare.
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Is your business ready for the changes in off-payroll working in the private sector? What should you be doing now to prepare your business for the introduction of the changes in the short timeframe to implementation in April 2020? Â In this exclusive MBO Partners webinar, Kevin Barrow, a partner at Osborne Clarke and leading…
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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. Client of Staffing Firm Entitled as Third-Party…
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