Worker misclassification is not only a compliance nightmare for businesses but can also mean heavy penalties. The rise of the gig economy has brought a new challenge for businesses: ensuring proper worker classification. Misclassifying workers as independent contractors can lead to hefty fines, lawsuits, and reputational damage. Michael Matherly, Head of IC Compliance and SOW at eTeam Inc., breaks down the dangers of misclassification and offers valuable tips to stay compliant. Know the risks, common pitfalls and MORE! Don't let worker misclassification become your next headache. Contact eTeam today! Read more on our newest blog: https://lnkd.in/g724G2DD #workerclassification #compliance #gigeconomy #eTeam #workermisclassification
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Getting classification right is foundational to a successful freelancer management strategy, whether you are direct sourcing, self sourcing or shifting SOW project work to a more fit-for-cost, economical task and deliverables-based delivery channel.
Worker misclassification is not only a compliance nightmare for businesses but can also mean heavy penalties. The rise of the gig economy has brought a new challenge for businesses: ensuring proper worker classification. Misclassifying workers as independent contractors can lead to hefty fines, lawsuits, and reputational damage. Michael Matherly, Head of IC Compliance and SOW at eTeam Inc., breaks down the dangers of misclassification and offers valuable tips to stay compliant. Know the risks, common pitfalls and MORE! Don't let worker misclassification become your next headache. Contact eTeam today! Read more on our newest blog: https://lnkd.in/g724G2DD #workerclassification #compliance #gigeconomy #eTeam #workermisclassification
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Navigating IC compliance is complex, and the stakes are high. At Populus Group, we're keeping tabs on some key trends that could affect you. 📈 Here are the latest trends we're seeing: 1️⃣ A recent study revealed that independent contractors make up 15% of the workforce—nearly double previous estimates. 2️⃣ Legislation is evolving on both the State and Federal levels, with new rules that could redefine who is considered an independent contractor. 3️⃣ The cost of worker misclassification is steep, leading to serious fines for companies. Reach out to learn how we can help! Read the full blog here: https://lnkd.in/eF7q-ur3 #PopulusGroup #ICCompliance #ICTrends # #WorkerMisclassification #LegislationUpdates #StateLegislation #FederalLegislation #RiskMitigation #WorkforceTrends #ComplianceMatters
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⚠ The potential consequences of misclassifying workers, whether as W2 employees or 1099 contractors, can be dire. Instances of disgruntled employees or contractors lodging complaints with the Department of Labor can trigger investigations, leading to hefty fines and legal liabilities. 👀 Learn all about this in our discussion with Knight Hinman! https://lnkd.in/ecFURdze 🔒 Avoiding undue risk is paramount to maintaining stability and sustainability in the long run. Let's ensure your business thrives while staying compliant with regulatory standards. Reach out to suzanna@peofortheceo.com for a free consultation #CompliancePrioritization #LongTermSustainability #BusinessStability #TakeAction #PEO #BusinessGrowth #EfficiencyMatters #PEOInsights #BusinessEfficiency #PEOAdvice #PEOExcellence #BusinessPartnership #PEOpartner #PEOconsultant #PEOForTheCEO
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What's the haps today at WorkersCompensation.com? > Some #FMLA compliance info > A building collapse in #Idaho > Why things might not be looking up for #RemoteWorkers https://lnkd.in/edQgAqh5 #SimplifyTheWork #WorkersCompensation #WorkersComp #Compliance #Courts
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Experiencing the pain of unfair competition? Worker's Comp fraud is hurting your business! With over $32 billion lost annually, deceitful claims are pushing honest businesses like yours to the edge. Don't let dishonest workers drain your resources. Stay vigilant, stay protected. Report suspicious activity and safeguard your business from financial pain. Reserve your FREE case review today! (213) 380-9310 www.solovteitell.com #solovteitell #workerscompensation #workerscomp#injuryattorney #workerscomplawyer #workinjury#workercompfraud #workerscompensationfraud #WorkersCompJustice
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📢 So, the UK Government issued a new update to legislation yesterday, tripling Civil Penalties for employers who hire illegal workers..... 💷 Fines have been increased to £45k per illegal worker, and £60k for repeat offences! 🛂 Advances in technology are making forged documents harder to spot ✅ One of the ways to ensure that you are protected, is to invest in a Right to Work technology solution which provides you with peace of mind, in ensuring you have effective Right-to-Work checking processes in place. 🙂 Visit us at www.rightcheck.io, or reach out to me directly if you would like to talk through your options. #hr #onboarding #recruitment #digitalidentity #compliance #humanresources
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Misclassification of employees as independent contractors can lead to legal complications. Stay informed about the new 'economic realities' test effective from March 11, 2024, and ensure your worker classifications are on point. #EmployeeClassification #IndependentContractor #NewDOLTest #HRCompliance
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A very informative piece on a ruling that will affect workers in spaces like Uber, Lyft, Wag! etc. Make sure you check it out and if you have an organization that is unsure about the classification of your workers, reach out to nextSource for some help!
The Department of Labor has now issued a 2024 Final Ruling effective March 11 to determine whether a worker is an employee or an independent contractor. Let nextSource help you classify your organization's workforce. Check out our one-pager below to learn more about the ruling and what it means for your business. #IC #compliance #DOL #FLSA
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The Department of Labor has now issued a 2024 Final Ruling effective March 11 to determine whether a worker is an employee or an independent contractor. Let nextSource help you classify your organization's workforce. Check out our one-pager below to learn more about the ruling and what it means for your business. #IC #compliance #DOL #FLSA
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Are you misclassifying your workers? The line between employee and independent contractor can be blurry, and misclassification can have serious consequences for both businesses and workers. #employmentclassification #laborlaw #employmentlaw Learn more: bit.ly/3rwA7hE
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