Practical Tools
New DOL Guidance on Independent Contractors: 6 Questions You Need to Ask
If you currently tap Independent Contractors (ICs) as a cash-conserving strategy, or intend to use ICs in the future, heads up: the Department of Labor says most companies get the classification wrong.
And they’ve offered new guidance to help you differentiate ICs from employees.
In this Practical Tool, you'll discover:
- How to apply the "economic realities factors"
- Why "buying one's own tools" doesn't automatically make someone an IC
- Real world examples of how to apply the new guidelines
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