HIRING PEACE OF MIND
Organizations engage workers in many different ways – permanent employee, temporary Employer of Record (EOR), independent contractor, freelancers and professional service workers, to name a few. However, regulatory agencies such as the Department of Labor and IRS only have two classifications for workers – Employees (W-2) or Independent Contractors (1099). nextSource’s Compliance Services works to facilitate the classification and engagement of your workers while ensuring full compliance with laws and regulations.
Worker Classification Advisory
nextSource’s Advisory worker classification provides a comprehensive assessment of your independent contractor workers, consultants, or freelancers. This assessment classifies these workers and identifies highest risk factors. An audit is also performed, ensuring your organization is compliant within your contractual terms and governmental classifications of employee or contractor. Ultimately, a mitigation strategy is developed and implemented, ensuring proper worker classification of these workers.
Worker Classification Management
nextSource’s Management worker classification provides real-time visibility and oversight of your newly engaged independent contractors. With a focus on the latest classification technology and customer service, nextSource provides a unique blend of person-to-person and on-demand process automation to quickly, efficiently and accurately complete your classification evaluations. nextSource works directly with hiring managers and their workers to define the work, the relationship between the organization and independent contract workers doing the work, and the impacts of the various federal and state regulations on their engagement to complete the work. Each worker being classified will be assessed, providing clear visibility of the factors and levels of risk in the event of an audit or investigation.
Benefits To You:
- Alleviates risk of misclassification penalties
- Provides independent Contractor Rate Assessments
- Relieves the pressure to stay current with continuously changing local, state, and federal classification rules and regulations