MARCH 2011 | PAYREEL WHITE PAPER

Risky Business: Classifying Workers In The New Economy

In this post-recession era, full-time employees are becoming a vanishing breed. And in greatly increasing numbers more companies, and more workers, are embracing non-traditional approaches to employment. This changing labor market will have far-reaching impacts — talent acquisition and career management strategies are obvious targets. However, as the nature of the employer/employee relationship evolves, federal and state revenue authorities must make adjustments to maintain the flow of employment-related tax dollars. Therefore, how you classify your current and future workers will take on increased significance — and risk.

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