Independent Contractor vs. Employee Classification: Unpacking the 2024 DOL Classification Rule

Are You Risking Misclassification Penalties – Uncover Essential DOL Updates!

Instructor :
Bob McKenzie

Webinar ID:
16273

Date: MAY 21, 2024 (TUE)

Start Time: 10 am PT

Duration: 90 Mins.

What you will learn

    • The New DOL Six-Factor Test – Understanding Independent Contractors vs. Employees
    • Overview of IRS Common Law Rules – Key aspects regarding Independent Contractors
    • Exploring the ABC Common Law Method – A comprehensive look
    • Differences in Financial Obligations – What Employers Need to Know
    • Consequences of Misclassifying Employees as ….
    • The New DOL Six-Factor Test – Understanding Independent Contractors vs. Employees
    • Overview of IRS Common Law Rules – Key aspects regarding Independent Contractors
    • Exploring the ABC Common Law Method – A comprehensive look
    • Differences in Financial Obligations – What Employers Need to Know
    • Consequences of Misclassifying Employees as Independent Contractors – Legal and Financial Impacts
    • Drafting Effective Independent Contractor Agreements – Best Practices
    • Common Pitfalls: What’s Going to Get You in Trouble – Avoiding Legal Issues
    • Action Items – Practical Steps Forward

Course Description

The Department of Labor recently released its final rules on Independent Contractors vs. Employees.

Here’s a few headlines to be aware of:

    • US Department of Labor recovers $532K in back wages after employer misclassifies them as contractors.
    • A federal investigation has recovered $113,613 in back wages and liquidated damages from a New York City hotel management company that denied employees their full-earned wages, including overtime, by misclassifying many of the affected workers as independent contractors.
    • A federal court in Virginia has entered a judgment ordering a Norfolk-based medical staffing agency, which intentionally violated federal laws and denied employees their rightfully earned overtime wages, to pay more than $7.2 million in back wages and liquidated damages.

The above penalties occurred BEFORE the new rules were issued. Violating the law regarding independent contractors can be very expensive.

Don’t become one of those companies that is forced to pay hundreds of thousands or millions of dollars because they did not know the rules.

In this essential webinar, we’ll delve into the new rule issued by the Department of Labor regarding the classification of independent contractors vs. employees under the Fair Labor Standards Act (FLSA).

Effective March 2024, this rule introduces a refined six-factor test that closely follows judicial precedents, aiming to clarify and standardize worker classification.

Understanding these changes is critical for ensuring compliance and avoiding costly penalties associated with misclassification.

Participants will gain insights into the economic realities test, how it differs from previous criteria, and practical strategies for applying this test within their organizations.

This course is designed to provide employers, HR professionals, and legal advisors with up-to-date knowledge to navigate the complexities of employment classification in a changing regulatory environment.

Don’t miss this opportunity to enhance your understanding and ensure your organization’s practices are aligned with the latest legal requirements.

Join Now!

The Department of Labor recently released its final rules on Independent Contractors vs. Employees.

Here’s a few headlines to be aware of:

    • US Department of Labor recovers $532K in back wages after employer misclassifies them as contractors.
    • A federal investigation has recovered $113,613 in back wages and liquidated damages from a New York City hotel management company that denied employees their full-earned wages, including overtime, by misclassifying many of the affected workers as independent contractors.
    • A federal court in Virginia has entered a judgment ordering a Norfolk-based medical staffing agency, which intentionally violated federal laws and denied employees their rightfully earned overtime wages, to pay more than $7.2 million in back wages and liquidated damages.

The above penalties occurred BEFORE the new rules were issued. Violating the law regarding independent contractors can be very expensive.

Don’t become one of those companies that is forced to pay hundreds of thousands or millions of dollars because they did not know the rules.

In this essential webinar, we’ll delve into the new rule issued by the Department of Labor regarding the classification of independent contractors vs. employees under the Fair Labor Standards Act (FLSA).

Effective March 2024, this rule introduces a refined six-factor test that closely follows judicial precedents, aiming to clarify and standardize worker classification.

Understanding these changes is critical for ensuring compliance and avoiding costly penalties associated with misclassification.

Participants will gain insights into the economic realities test, how it differs from previous criteria, and practical strategies for applying this test within their organizations.

This course is designed to provide employers, HR professionals, and legal advisors with up-to-date knowledge to navigate the complexities of employment classification in a changing regulatory environment.

Don’t miss this opportunity to enhance your understanding and ensure your organization’s practices are aligned with the latest legal requirements.

Join Now!

Why you should attend

    • What are the most critical factors in the new six-factor test, and how do they differ significantly from previous guidelines?
    • What are the common pitfalls or mistakes companies make in applying these new standards, and how can you avoid them?
    • How do these classification changes impact payroll practices, especially concerning overtime and benefits?
    • What kind of documentation should you maintain to prove compliance with the new rule if audited by the DOL?
    • What changes should be made to contractor agreements to align with the new rule and protect against misclassification?
    • How should HR processes be adjusted to continuously monitor and ensure compliance with the new classification standards?

With the recent changes to the FLSA’s worker classification standards, understanding the nuances of the new rule is more crucial than ever.

    1. This webinar offers a detailed exploration of the updated criteria, which can significantly impact your business operations and legal compliance.
    2. The Department of Labor’s New Rules: How to differentiate between employees and independent contractors.
    3. Best Practices for Utilizing Independent Contractors: New guidelines to safely engage independent contractors.
    4. Key Components of Independent Contractor Agreements: Essential elements to include in your agreements.
    5. Attending this session will equip you with the necessary tools to effectively classify your workforce, thereby minimizing the risk of legal issues and financial liabilities.

Stay ahead of the curve by gaining a deep understanding of this pivotal regulation. Join us to ensure your employment practices meet current standards and protect your organization against the pitfalls of misclassification.

Enroll Now!

    • What are the most critical factors in the new six-factor test, and how do they differ significantly from previous guidelines?
    • What are the common pitfalls or mistakes companies make in applying these new standards, and how can you avoid them?
    • How do these classification changes impact payroll practices, especially concerning overtime and benefits?
    • What kind of documentation should you maintain to prove compliance with the new rule if audited by the DOL?
    • What changes should be made to contractor agreements to align with the new rule and protect against misclassification?
    • How should HR processes be adjusted to continuously monitor and ensure compliance with the new classification standards?

With the recent changes to the FLSA’s worker classification standards, understanding the nuances of the new rule is more crucial than ever.

    1. This webinar offers a detailed exploration of the updated criteria, which can significantly impact your business operations and legal compliance.
    2. The Department of Labor’s New Rules: How to differentiate between employees and independent contractors.
    3. Best Practices for Utilizing Independent Contractors: New guidelines to safely engage independent contractors.
    4. Key Components of Independent Contractor Agreements: Essential elements to include in your agreements.
    5. Attending this session will equip you with the necessary tools to effectively classify your workforce, thereby minimizing the risk of legal issues and financial liabilities.

Stay ahead of the curve by gaining a deep understanding of this pivotal regulation. Join us to ensure your employment practices meet current standards and protect your organization against the pitfalls of misclassification.

Enroll Now!

Course Agenda

    • The New DOL Six-Factor Test – Understanding Independent Contractors vs. Employees
    • Overview of IRS Common Law Rules – Key aspects regarding Independent Contractors
    • Exploring the ABC Common Law Method – A comprehensive look
    • Differences in Financial Obligations – What Employers Need to Know
    • Consequences of Misclassifying Employees as Independent Contractors – Legal and Financial Impacts
    • Drafting Effective Independent Contractor Agreements – Best Practices
    • Common Pitfalls: What’s Going to Get You in Trouble – Avoiding Legal Issues
    • Action Items – Practical Steps Forward

BONUS:

    1. PDF copy of the presentation handout for your future reference.
    2. Soft copy of the certificate of completion on request.
    3. Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.
    • The New DOL Six-Factor Test – Understanding Independent Contractors vs. Employees
    • Overview of IRS Common Law Rules – Key aspects regarding Independent Contractors
    • Exploring the ABC Common Law Method – A comprehensive look
    • Differences in Financial Obligations – What Employers Need to Know
    • Consequences of Misclassifying Employees as Independent Contractors – Legal and Financial Impacts
    • Drafting Effective Independent Contractor Agreements – Best Practices
    • Common Pitfalls: What’s Going to Get You in Trouble – Avoiding Legal Issues
    • Action Items – Practical Steps Forward

BONUS:

    1. PDF copy of the presentation handout for your future reference.
    2. Soft copy of the certificate of completion on request.
    3. Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.

Who is this course for

Maximize the Learning Experience in A Group Setting!

    • HR Professionals and Managers
    • Payroll Managers
    • A/P Managers
    • Payroll Specialists
    • Business Owners and CEOs
    • Legal Advisors and Compliance Officers
    • Contract Managers and Procurement Officers
    • Controllers, Tax Preparers
    • Accountants, Bookkeepers
    • Financial Consultants
    • Small Business Owners

Maximize the Learning Experience in A Group Setting!

    • HR Professionals and Managers
    • Payroll Managers
    • A/P Managers
    • Payroll Specialists
    • Business Owners and CEOs
    • Legal Advisors and Compliance Officers
    • Contract Managers and Procurement Officers
    • Controllers, Tax Preparers
    • Accountants, Bookkeepers
    • Financial Consultants
    • Small Business Owners

Instructor Profile

Bob McKenzie has over 40 years of human resources management experience. His background includes a wide range of hands-on HR practices including in all aspects of Human Resources. And is a variety of industries in with private sector, public sector and nonprofit employers. Bob has been cited in a number of ...

Bob McKenzie has over 40 years of human resources management experience. His background includes a wide range of hands-on HR practices including in all aspects of Human Resources. And is a variety of industries in with private sector, public sector and nonprofit employers.

Bob has been cited in a number of Human Resources trade publications. Among them are HR.com, HR Magazine, HR Florida Review, Vault.com, BNA and the Institute of Management and Administration and the Business Journals. He has been a speaker at a number of conferences as well as audio and web-based seminars.

Bob is a graduate of Rider University where he received a Bachelor of Science in Commerce Degree and double majored in Industrial Relations and Organizational Behavior and lives in Brunswick, GA.

Get the latest industry updates : Once a Week Only!

Copyright © 2021. All Rights Reserved.