This book explores the Department of Labor (DOL) finalized a new rule (RIN 1235-AA43) in January 2024 that clarifies how workers are classified as employees or independent contractors under the Fair Labor Standards Act (FLSA). This is significant for freelancers, gig workers, and independent contractors because the FLSA dictates minimum wage and overtime eligibility. The new rule replaces prior guidance from 2021 and places more emphasis on a worker's economic dependence on the employer.
The core question is whether a worker is in business for themselves or economically dependent on a company for work. The DOL outlines six factors to consider, including the opportunity for profit or loss, investment by each party, permanence of the work relationship, and the level of control exerted. This replaces the earlier emphasis on a worker's control over their work.
This book explores the Department of Labor (DOL) finalized a new rule (RIN 1235-AA43) in January 2024 that clarifies how workers are classified as employees or independent contractors under the Fair Labor Standards Act (FLSA). This is significant for freelancers, gig workers, and independent contractors because the FLSA dictates minimum wage and overtime eligibility. The new rule replaces prior guidance from 2021 and places more emphasis on a worker's economic dependence on the employer.
The core question is whether a worker is in business for themselves or economically dependent on a company for work. The DOL outlines six factors to consider, including the opportunity for profit or loss, investment by each party, permanence of the work relationship, and the level of control exerted. This replaces the earlier emphasis on a worker's control over their work.
![Independent Contractor or Worker, The New Classification Rule in the USA:: Freelance, Side Gig, Side Hustle](http://img.images-bn.com/static/redesign/srcs/images/grey-box.png?v11.10.4)
Independent Contractor or Worker, The New Classification Rule in the USA:: Freelance, Side Gig, Side Hustle
54![Independent Contractor or Worker, The New Classification Rule in the USA:: Freelance, Side Gig, Side Hustle](http://img.images-bn.com/static/redesign/srcs/images/grey-box.png?v11.10.4)
Independent Contractor or Worker, The New Classification Rule in the USA:: Freelance, Side Gig, Side Hustle
54Product Details
ISBN-13: | 9798881190040 |
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Publisher: | Barnes & Noble Press |
Publication date: | 05/13/2024 |
Pages: | 54 |
Product dimensions: | 6.00(w) x 9.00(h) x 0.12(d) |