Independent Contractor vs Employee New Rule Issued by The Department of Labor
Recorded: Access recorded version, only for one participant unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
Corporate Recorded: Access recorded version, Any number of participants unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
The use of this seal confirms that this activity has met HR Certification Institutes (HRCI) criteria for recertification credit pre-approval.
This activity has been approved for
1 HR
(General) recertification credit
HRTraininngs is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®.
?
1-hour and 15 minute concurrent conference session = 1.25 PDCs.
3-hour e-learning course = 3 PDCs.
Failure to comply with the new rules can have devastating financial consequences and can result in back pay for overtime not paid, the IRS penalizing you for back income taxes, FICA and states going after you for unpaid income taxes, workers compensation premiums and unemployment payments.
US Department of Labor recovers $532K in back wages after employer misclassifies them as contractors.
A federal court in Virginia has entered a judgment ordering a Norfolk-based medical staffing agency, which intentionally violated federal laws by classifying their workers as independent contractors and denied employees their rightfully earned overtime wages, to pay more than $7.2 million in back wages and liquidated damages.
As you can see, violating the law regarding independent contractors can be very expensive.
Complying with the new rules is just a smart business practice.
Why you should Attend:
After going through this webinar, participants will know:
- The new rules the Department of Labor will use to determine employee vs independent contractors
- The new guidelines the safest way to use independent contractors
- What to include in independent contractor agreements
Areas Covered in the Session:
- The new DOL six factor test on Independent Contractors vs Employees
- IRS Common Law Rules Regarding Independent Contractors
- ABC Common Law Method
- Differences in Financial Obligations
- Consequences of Misclassifying Employees as Independent Contractors
- Independent Contractor Agreements
- What's Going to Get You in Trouble
- Action Item
Who Will Benefit:
- Human Resources Professionals
- Business Owners
- Supervisors
- Managers