The US Department of Labor has finalized a decision that could make it easier for “gig economy” companies to classify their workers as independent contractors, rather than employees that can claim legal benefits. The ***** administration released its final version of the rule today, and it’s set to take effect on March 8th, although this could change after President-elect Joe ***** takes office in January.
The DOL proposed a new framework last year for classifying employees and contractors. It focuses on two “core factors” for distinguishing the two: the “nature and degree of control over the work” and the “opportunity for profit or loss” based on initiative and investment. It also lists additional “guideposts” that include “the amount…