Friday Feb 02, 2024

New Independent Contractor Rule for Compliance + Benefits of HR Support From the Beginning

Summary

In this episode of While We Were Working, Joey and Sommer discuss the new independent contractor rule and the factors of the economic realities test. Emphasizing the importance of understanding the new law and its implications for businesses. They also discuss when businesses should start thinking about HR and the benefits of having HR support from the beginning. Overall, the episode provides valuable insights for people leaders and small business owners.

 

Takeaways

  • The new independent contractor rule is an important HR issue that businesses need to pay attention to.
  • The economic realities test consists of six factors that determine whether a worker is an independent contractor or an employee.
  • Businesses should start thinking about HR from the beginning and seek HR support to avoid making costly mistakes.
  • Understanding the new law and its implications is crucial for businesses to ensure compliance and protect workers’ rights.

Chapters

00:00 Introduction and Overview

01:12 Setting up the While We Were Working segment

03:11 New Independent Contractor Rule

08:12 Discussion on the Factors of the Economic Realities Test

27:29 When to Start Thinking about HR in Your Business

30:42 Closing Thoughts

 

 

 

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