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INDEPENDENT CONTRACTORS


In this newsletter we are looking into everything related to independent contractors. Check it out!

 
MISCONCEPTIONS ABOUT INDEPENDENT CONTRACTORS

"As the gig economy continues to grow and organizations seek to build their talent by hiring an independent contractor workforce (freelancers, 1099 workers, gig workers), understanding what’s required of an organization using independent contractors is critical. For HR teams, this can bring about several questions as to how best to onboard, engage and retain this workforce. Below are five key misconceptions HR may have about independent contractors and how they can be addressed." Learn more


COMPLIANCE IN THIS RISING GLOBAL TREND

"As more individuals transition to working remotely (a.k.a. WFH – working from home), we are witnessing a surge in using independent contractors (ICs). Large and small businesses leverage the flexibility and specific skill sets that ICs bring. However, with this rising trend comes a crucial responsibility for businesses: ensuring compliance with IC regulations and employment laws. Misclassification of employees as independent contractors can lead to significant legal and financial

repercussions.


The digitization of the workforce and the flexibility of remote work fuel the rise of independent contracting. ICs allow businesses to reduce headcount and overhead costs, scale up quickly when needed, and gain access to a diverse talent pool not constrained by geographic boundaries. Independent contractors often offer specialized expertise in a particular area, providing value where businesses may need more in-house skills or resources." Learn more


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