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While most government agencies have a bias towards all workers being classified as employees, it is important to note that in today’s new and global market, there are independent contractors being utilized correctly by companies everywhere.
We often discuss independent contractor misclassification and the significant risk it can present to employers. Today we’ll cover another significant form of misclassification that often occurs: exemption misclassification.
Progressive organizations are learning they must become a “client-of-choice” in order to attract and retain the flexible workers they need to get vital work done.
In a real-world example, when engaging a high-level software developer and the economic realities test is applied, an employer can be left in a challenging worker classification predicament. Let’s take a look at applying the economic realities test in this situation.
This week is National Payroll Week which celebrates the hard work by America’s 150 million wage earners and the payroll professionals who pay them.
In today’s fast-paced and global economy CFO’s are tasked with more than ever before, and often called upon to act as an internal business partner and advisor in many business disciplines far outside of the traditional bounds of finance and cash management. One of these emerging focal points for CFOs is total talent management.
Globalization, aging workers, and the rapidly growing flexible workforce are forcing many companies to reevaluate their workforce planning strategies. Many are developing new talent acquisition and management capabilities as a result. One such innovation is building an alumni talent community.
The Australian Bureau of Statistics estimates that there are now 1 million Independent Contractors[1], representing 10 percent of the total workforce in Australia. It’s a significant, growing sector and one in which the IT profession figures strongly. The decision to become a white collar contractor (referred to as Independent Professional or IPro by Entity Solutions) can be exciting and scary. Exciting because of the appeal of becoming your own boss – work for a living and do not live to work, work when you want, where you want and for whom you want. Scary because there is no financial safety net or guaranteed monthly pay packet.
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