DOL Issues Final Rule on FLSA Independent Contractor Classification

---   On Jan. 6, 2021, the U.S. Department of Labor (DOL) issued a final rule that clarifies how to determine whether a worker is an employee who is protected under the Fair Labor Standards Act (FLSA) or an independent contractor who is exempt from it. The final rule becomes effective on March 8, 2021. “Economic Reality” Test Reaffirmed The final rule reaffirms an existing test under which an employer must consider whether, as a matter of economic reality, a particular worker…

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Read more about the article What Happens If You Don’t Have Workers’ Compensation Insurance?
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What Happens If You Don’t Have Workers’ Compensation Insurance?

As a business owner, there are plenty of questions that keep you up at night. How can you get more customers? Are you going to be able to complete that order in time? Do I need a payroll processing company? How do payroll deductions work? What happens if you don’t have workers’ compensation insurance? ‍Worrying about these things (and more) is the name of the game when you own a business. But, let’s look at that last question in particular. What can you…

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5 HR Technology Trends to Monitor in 2021

In 2021 and beyond, technology can help improve efficiency and productivity in the workplace—especially for HR professionals. And with many organizations adopting remote work as a result of the COVID-19 pandemic, there is increasing pressure for organizations and employees to adopt technology to collaborate, communicate and work from a distance. HR technology can automate a wide range of time-consuming business functions, allowing HR professionals to shift their focus from administrative tasks to high-impact tasks like strategy, employee engagement and change management. In…

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4 Recruiting Trends to Watch in 2021

Recruiting Recruiting has never been simple, and the COVID-19 pandemic is complicating matters even more. In this rapidly changing landscape, employers need to adapt if they want to attract and retain quality talent. To better prepare for this task, here are some recruiting practice trends employers should monitor in 2021. 1. Looking Inward for Talent Recruiting is a challenge at any time, but especially amid the COVID-19 pandemic. During this time, recruiters are suffering from many constraints, chief among them being slim…

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Common Employee Classification Mistakes That Can Cause Tax Penalties

Sometimes, employee classification isn't as easy as it sounds. You may wonder whether to classify a worker as an independent contractor or an employee, because their role seems to be a mixture. Misclassifying employees can seem like an honest enough mistake, but it can result in tax penalties that will harm your firm. These are a few common employee classification mistakes that you can avoid. Classifying as Employee or Independent Contractor The biggest question when it comes to classification is whether a worker…

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