Cost avoidance
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…
Read MoreTime’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…
Read MoreBe 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…
Read MoreIs 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…
Read MoreIndependent Contractor Misclassification Is a High-Risk Game
The misclassification of employees as independent contractors is a hot topic. The U.S. Department of Labor describes independent contractor misclassification as “one of the most serious problems facing workers, employers and the entire economy.” The U.S. Bureau of Labor Statistics reports that 42 million independent contractors generated more than $1.28 trillion for the U.S. economy…
Read MoreThe 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…
Read MoreYear 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…
Read MoreNew 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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