About this Event
Date: Feb10,2025
Time: 1PM -2 PM ET
Duration: 60 Mins
Description
On January 10, 2024, the U.S. Department of Labor published a final rule, effective March 11, 2024, revising the Department’s guidance on how to analyze who is an employee or independent contractor under the Fair Labor Standards Act (FLSA). This final rule rescinds the Independent Contractor Status Under the Fair Labor Standards Act rule (2021 IC Rule), that was published on January 7, 2021 and replaces it with an analysis for determining employee or independent contractor status that is more consistent with the FLSA as interpreted by longstanding judicial precedent
One key focus of the final rule is to mitigate the risks of employee misclassification. From the government’s perspective, misclassifying employees as independent contractors can deny workers important rights, such as minimum wage, overtime pay, and other labor protections. This rule is intended to reduce such risks while giving businesses a more consistent framework when engaging with independent contractors.
By overturning the 2021 IC Rule, the final rule applies a more holistic and multi-factor economic realities test to determine whether a worker is economically dependent on the business (an employee) or truly in business for themselves (an independent contractor). This more flexible standard emphasizes factors such as:
- The degree of control exercised by the employer;
- The comparison of the Employer and worker investments;
- The opportunity for profit or loss based on the worker’s initiative and investment;
- The permanence of the working relationship;
- The level of skill and initiative required; and
- Whether the work is an integral part of the employer’s business;
This change is expected to benefit workers by ensuring they receive the protections they are entitled to under the FLSA while giving clearer guidelines to businesses.
Why Should You Attend:
Whether you're an HR professional, business owner, or independent contractor, this rule directly impacts how you manage or structure work relationships. Here are some compelling reasons why attending this webinar is critical:
- Stay Compliant with New Legal Standards
- Learn How to Avoid Hefty Fines, Penalties, and Lawsuits Associated with Misclassification
- Protect Your Business from Costly Missteps
- Gain Insights into Industry-Specific Implications
Attending this webinar will provide you with the tools, insights, and confidence to successfully navigate the complexities of the final rule, safeguarding your organization or freelance career from compliance pitfalls. Whether you're looking to protect your business, avoid litigation, or ensure fair worker classification, this session is a must-attend event!
Areas Covered in the Webinar:
- Overview of the Final Rule (Effective March 11, 2024)
- Rescission of the 2021 Rule
- Key Changes from the 2021 Rule
- Return to Six-Factor Economic Realities Test
- No Predetermined Weight for Factors
Who Will Benefit:
Whether you are an employer, Human Resources professional, supervisor or in-house counsel seeking to create a supportive workplace culture or an employee navigating the dynamics of all the recent changes to Labor & Employment Law, this class will provide valuable insights and practical guidance.
Event Venue
Online
USD 259.00 to USD 777.00