When you go through the full cost-benefit analysis shared in this training program, you may find it costs less to have an employee rather than an independent contractor. Often, you have someone whose work you can control, and who you can train and insure, all for a few extra dollars per hour. They can also have a greater sense of loyalty and commitment to your company.
By now you should have a high-level understanding…of the benefits and risk associated with managing…independent contractors as well as the legalities.…To conclude, here are four of the essential steps…you should take now.…Number one: take a look at your current independent…contractor relationships to determine if there may be…a misclassification issue.…Number two: take a checklist approach in making…the determination if you have an independent contractor…or not.…
Number three: consider the risk exposure that may be…associated with a misclassification.…And last, if you have any doubt, speak with Human Resources…or your attorney.…If you would like to learn more, I would start by checking…out the IRS page on this subject.…And connect with me on LinkedIn.…I like to hear how this course helped you make…a determination as to independent contractor status.…You can also let me know if you have any questions.…
And remember, if it walks like an employee…and it talks like an employee, chances are it's an employee.…
DISCLAIMER: This course addresses US law concepts that may not apply in all countries. LinkedIn (including Lynda.com) and the instructor are not giving legal advice. Neither Linkedin (including Lynda.com) nor the instructor represent you. The information conveyed through this course is similar to a college or law school course; it is not intended to give legal advice, but instead to communicate information to help viewers understand the basics of the topic presented. The views and legal interpretations presented in this course do not necessarily represent the views of LinkedIn or Lynda.com.
- Legal requirements for classifying independent contractors
- Financial and strategic benefits of contract employees
- Downsides of misclassification
- What triggers complaints and investigations?
- Licensing statutes, permit requirements, and anti-discrimination statutes
- Preventing misclassification claims
- Considering an SS-8 ruling
- Amnesty programs