Crucial FLSA Update: Independent Contractor vs. Employee Classification Final Rule
The U.S. Department of Labor published the issuance of the final rule under The Fair Labor Standards Act (FLSA) regarding Employee or Independent Contractor Classification. 🎙️ In this episode, Rhamy Alejeal, CEO of People Processes, breaks down the major Fair Labor Standards Act update arriving in March 2024.
🌐 Why is this Episode a Must-Watch?
Discover the historical roots of the FLSA, its role in establishing minimum wage and overtime pay standards, and the game-changing recent legal developments that demand your attention. Get ready for a deep dive into the economic reality test and the six factors that will redefine how you classify employees and independent contractors.
🔥 Highlights:
✅ Understanding the Economic Reality Test
✅ Detailed Analysis of the Six Economic Reality Factors
✅ Recent Legal Shifts and Implications
✅ Practical Tips for Businesses and Workers
📊 Practical Implications for Your Business:
Get ahead of the curve and ensure compliance by gaining insights into the intricacies of the FLSA updates. Learn how these changes impact daily operations, long-term planning, and the overall economic landscape.
🔗 For more insights and assistance in navigating these updates, visit https://peopleprocesses.com. Our team at People Processes is here to support organizations across the United States in handling HR with expertise and precision.
👍 If you found this information valuable, don’t forget to like, share, and subscribe for more updates on essential HR topics! Stay informed, stay compliant.
🛡️ #hrcompliance #FLSAUpdate #IndependentContractors #businessregulations #FLSAguidelines #employeeclassification #workerclassification #PeopleProcesses #hrinsights
About the author, Rhamy
Rhamy grew up watching and working with his mother and grandmother in the senior insurance market. This familiarity with the struggles faced by people trying to navigate the incredibly complicated and heavily regulated healthcare market led him to start Poplar Financial while working on his degree at the University of Memphis. After completing his MBA and Bachelors in Finance and Economics, Rhamy guided Poplar Financial through the disruptive opportunity that is the Affordable Care Act. Since then Poplar Financial has received numerous awards from major insurance carriers and has completed its fourth year in a row of doubling in size. Now his team focuses on the processes around human resources and specializes in providing companies with between 20 and 1000 employees with the payroll, benefits, and HR needs.