Latest / THRIVE, a Paychex Business Podcast
U.S. DOL Final Rule on Worker Classification Will Have Major Impact on Businesses
With the release of the Final Rule on Employee or Independent Contractor Classification by the U.S. Department of Labor, businesses will have to audit their workforce to determine if individuals are classified properly under the Fair Labor Standards Act. The rule takes effect March 11, 2024, unless it is challenged in court and enjoined. Gene Marks explains the six factors businesses have to consider when analyzing a worker’s classification, and why the financial stakes are so high if improperly done. Listen to the Paychex THRIVE Week in Review podcast.
DISCLAIMER:
The information presented…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.