Ep. 64 Six Factors Of Contractor Classification Explained [Part 1: Factors 1-3]

Let’s get down to the nitty-gritty, shall we?

The past few weeks we've been painting with broad strokes about the DOL's Final Ruling on the whole contractor vs. employee saga. If you’ve been following along, you’ve def heard us say that there are now 6 factors to consider for classifying your workers.  But we haven't really rolled up our sleeves and gotten into the weeds of what those factors actually mean…until now! 

Hit play for a deep dive into factors 1-3, and stay tuned for next week's episode where we'll tackle factors 4-6. If you have a team, or are thinking about hiring in the future, you’ll wanna be all ears for this!

Timestamps:

6:00: Factor #1 - Opportunity for profit or loss depending on managerial skill

9:28: Factor #2 - Investments by the worker and the potential employer

15:35: Factor #3 -  The degree of permanence in the work relationship

18:24: Tips for Freelancers who need to talk to their client about being misclassified

Links Mentioned: 

The DOL’s Small Entity Compliance Guide 

Full link here: https://www.dol.gov/agencies/whd/government-contracts/small-entity-compliance-guide#overview 

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