Spend Matters and MBO Partners had a really interesting webinar last week titled Highly Skilled Independent Professionals are Coming - Get Ready.
It covered the trend towards highly skilled people becoming independent workers and the issues corporations face in attracting and retaining this type of contingent talent.
The webinar presentation (click here for the slides) is full of interesting information.
But one slide really jumped out at me. It covers the growing number of regulations and rules related to hiring contingent workers. The slide is below (click to enlarge).
The "memorandum of understanding" (MOU) listed above is an agreement between the U.S. Internal Revenue Service (IRS), U.S. Department of Labor (DOL) and various states to work together and share information to reduce worker misclassification and improve compliance with federal labor laws.
Thanks mostly to Uber, the on-demand economy companies are getting most of the media attention related to worker misclassification.
But firms of all types and sizes need to be aware of the growing maze of rules and regulations related to to the hiring of independent workers.
And it's not just the hiring organizations that need to be on top of these regs. Independent workers also need to make sure they are in compliance.