Latest Controversy Over IC Classification for App-Based Workers

The nextSource Blog continues to follow the saga of app-based gig work and how regulatory bodies like the Department of Labor and the IRS address the question of “who is an employee and who is an independent contractor”. The highest profile of the many cases winding through state level courts, statehouses and the US Congress…

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Time’s Right for a Compliance Gut Check

Now might be a good time to check in on the readiness of your compliance practices. The Dept. of Labor and the National Labor Review Board are teaming up to increase enforcement of worker misclassification, unlawful pay practices, and other workplace rights issues. Respectable organizations like yours already spend time and money on efforts to…

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Be Aware of Big Changes to 1099-K Reporting Requirements

Even before the pandemic forced millions of workers into remote roles, the ranks of those working in the mushrooming gig economy had been swelling. With so many workers using online platforms to line up and execute freelance jobs, tax regulations have fallen behind. However, the IRS is making changes to update how they approach taxation…

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Is Your Organization Protected Against FLSA Compliance Challenges?

Most workforce management professionals are well-aware of the Fair Labor Standards Act (FLSA) which governs such well known regulations as minimum wage requirements, overtime compensation, and child labor practices. Many however, may be surprised to learn the FLSA has been the law of the land since it was signed into law by President Franklin Delano…

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Independent Contractor Misclassification Is a High-Risk Game

In today’s evolving business landscape, employers are turning to independent contractors to meet their workforce needs. The U.S. Bureau of Labor Statistics reported that 42 million independent contractors generated more than $1.28 trillion for the U.S. economy in 2018. And for many companies, the number of independent contractors is nearly equal to that of employees. …

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The Financial Costs of Increasing Worker Pay

It’s no surprise that hiring organizations are hesitant to increase their rates to attract in-demand talent. However, this may be a costly mistake and the organizations that understand why will reap significant cost savings on labor going forward. Here’s why. The Washington Post recently reported on the stagnation in labor pay rates afflicting the American…

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Year in Review – nextSource Blog 2018 Highlights

As has been our tradition here at the nextSource blog, we’re once again looking back over the last four quarters of content we’ve produced on a wide range of topics relevant to workforce planning and management. It is always interesting to make this review as it provides a tidy summation of the state of our…

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New Tax Law Has Pros and Cons for Independent Contractors

Like many pieces of complex legislation, the newly passed tax law is proving to generate as much confusion as clarity. This is especially true when it comes to the effects the new legislation will have on the gig economy. Along with the rest of the country, we’re taking time to sift through the language of…

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