As we quickly move into 2023, Human Resources (HR) managers must be prepared for the challenges that lie ahead. Whether a business is a start-up or a Fortune 500 company, an HR compliance check is mandatory.
Statistically, according to IRS estimates, approximately 30% of employees are classified incorrectly [employee vs. independent]. Therefore, pay special attention to the rules.
- Make sure IRS and Department of Labor guidelines are followed
- Confirm that independent contractors meet all requirements as outlined by state and federal regulatory agencies, especially the IRS.
HR compliance is no longer an option. HR and hiring managers must continue to remain updated for laws that change on a local, state and national basis.
Author(s)
Stuart J. Oberman, Esq.
Stuart J. Oberman is the founder and President of Oberman Law Firm. Mr. Oberman graduated from Urbana University and received his law degree from John Marshall Law School. Mr. Oberman has been practicing law for over 30 years, and before going into private practice, Mr. Oberman was in-house counsel for a Fortune 500 Company.
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