Why You Need Proper Worker Classification in Your Business

Worker Classification
                    Worker Classification

There are a number of reasons which make worker classification an important concern for businesses. To properly take care of the subjects like employment laws, taxes and employment benefits, it’s important that those working for you are categorized in the proper manner. New trends are emerging in the economy along with the growing demand for freelance contractors. These days, several businesses prefer hiring independent contractors for performing jobs that were previously performed by full-time employees. A recent survey suggests that in the United States, one in three workers is considered an independent worker. Being a business owner, it’s important for you to determine whether a worker is a full-time employee or an independent contractor with the help of the classification criteria provided by the state and federal regulatory bodies. Understanding the classification also helps you make better staffing decision by understanding whether you should hire a full time employee or an independent contractor. Not classifying your workers correctly can cost your organization dearly.

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Employer’s Guide to Handling Unemployment Insurance Claims

Unemployment Insurance
                 Unemployment Insurance

When you lay-off employees or terminate them, you may face a significant issue which is handling the unemployment benefits for the employees. For various reasons it’s important that you deal with the issue in the proper way and defend your organization against any improper claims. The number of former employees that collected unemployment benefits after leaving your organization directly impacts your state tax rate. Handling unemployment insurance claims in the right way also helps you in discouraging lawsuits that a former employee may file for wrongful discharge or discrimination.

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