Região e Idioma Atuais
In the latter half of 2015 both the IRS and the Department of Labor (DOL) issued guidance emphasizing the importance of proper worker classification for businesses. As we return from the holiday break and dive into 2016 it is a good time to review the potential risks of worker misclassification and discuss effective risk mitigation strategies.
Engaging with a corporation does not automatically protect your company from worker misclassification risks. We are frequently asked by clients to help them manage the risks surrounding professional services vendors who perform work on a SOW basis for the benefit of the client company.
Worker misclassification is a growing area of concern for US employers. In 2015 we saw significant federal and state regulatory agency activity around worker classification, and this trend is likely to accelerate in the coming year.
With human capital as their primary “product” consulting firms are naturally always on the hunt for the best talent. This battle for talent has intensified in the current economic expansion as many of the best and brightest minds are attracted to technology companies for their next career move.
Appropriate workers classification, though important, is not the only risk that consulting buyers face. Intellectual property concerns should also be addressed any time a business engages with an Independent Contractor to create, develop, or deliver a product, idea, or service for their business.
There is a common misconception that contingent workers are exempt from following certain labor laws. Often, you must follow the same labor laws for your contingent workers as you do for your permanent labor force. While there are many developing trends in labor law, this article will focus on a few important ones.
Learn how business structures impact classification risk assessment. Essential insights for staffing firms and recruiters managing contractor relationships.
The risks associated with IC misclassification are widespread, and an increasing number of federal and state agencies are focused on the issue. In this article we’ll present an overview of the regulatory bodies at different governmental levels responsible for various aspects of IC misclassification.
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