Many organizations make the mistake of treating employees as independent contractors. According to the Department of Labor, an independent contractor must meet certain criteria. a. Based on your research, explain who receives an IRS 1099 designation. b. What are the criteria for the selection? c. Why would an organization select an independent contractor versus a direct employee? Often exempt vs nonexempt status is confused with the terms salaried versus hourly. a. Research the FLSA’s definition of exempt and explain when it might create a strategic advantage to have an employee non exempt and salaried.
Many organizations make the mistake of treating employees as independent contractors. According to the Department of Labor, an independent contractor must meet certain criteria. a. Based on your research, explain who receives an IRS 1099 designation. b. What are the criteria for the selection? c. Why would an organization select an independent contractor versus a direct employee? Often exempt vs nonexempt status is confused with the terms salaried versus hourly. a. Research the FLSA’s definition of exempt and explain when it might create a strategic advantage to have an employee non exempt and salaried.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Many organizations make the mistake of treating employees as independent contractors. According to the Department of Labor, an independent contractor must meet certain criteria.
a. Based on your research, explain who receives an IRS 1099 designation.
b. What are the criteria for the selection?
c. Why would an organization select an independent contractor versus a direct employee?
Often exempt vs nonexempt status is confused with the terms salaried versus hourly.
a. Research the FLSA’s definition of exempt and explain when it might create a strategic advantage to have an employee non exempt and salaried.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON