The U.S. Department of Labor (DOL), working with some state employment agencies, is offering training that provides “dislocated workers the opportunity for early re-employment” through self-employment. This means that if someone has lost his/her job and wants to create a small business, there is a federal program than can help. The Self-Employment Assistance Program will [...]
Imagine you’re sitting alone in your office, looking at a stack of procurement contracts for recently engaged independent contractors (ICs) and realizing you have no idea if they would stand up to the scrutiny of a misclassification audit by a federal or state agency, or a civil lawsuit. You’re the head of Human Resources, responsible [...]
Last September, the Internal Revenue Service (IRS) announced a new program for employers to voluntarily reclassify and report workers, previously considered independent contractors (IC), as employees. Under the program, eligible employers can obtain partial relief from federal payroll taxes they theoretically owe for past misclassifications, if they prospectively treat these workers as employees. To be [...]
I recently read an article that cited a survey of more than 1,400 CFOs from U.S. companies that have twenty or more employees on staff. These CFOs were asked: “What common mistake do companies make most in managing their employees?” Here are the three top responses: • Lack of communication between staff and management • Lack of recognition [...]
You may ask: Why would I want to change an independent contractor (IC) into an employee? Over the years, I’ve encountered numerous companies that engage the perfect independent contractor and slowly, inadvertently convert him/her into a misclassified employee. Here are some “best practices” of these misguided companies. You may use them to either follow their [...]
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