In recent economic reports on market predictability within the Manufacturing, Sciences, Technology, and Supply Chain sectors – the overwhelming theme is for organizations to stay resilient in adapting to the “new normal” post-pandemic. Over the next few months, we’ll be exploring how these markets stay resilient amidst the uncertainties of this ever-changing COVID-19 landscape. This… Read more »
With all the surprises 2020 threw at us, doesn’t it make sense to start planning for 2021? Anticipating an economic rebound, here are some workplace predictions to look out for: 1. REMOTE WORK IS HERE TO STAY If you perform a web search on what the Future of Work will look like post-COVID, the… Read more »
When AB-5 was enacted on Jan. 1st, the law which added restrictions on how workers can be identified as independent contractors – Or 1099s – had additional language which exempt engineers. But does that mean ALL engineers are exempted? With the AB-5implementation, all 1099 workers must meet the ABC Test criteria, with the exception… Read more »
As of Jan. 1, 2020, AB-5 has been enacted in the state of California – which restricts employers from classifying workers as independent contractors (more commonly known as 1099s) if they do not meet the ABC Test Standards. The passage of AB-5 makes all businesses who regularly engage workers as 1099s – especially those in the gig economy such as Lyft… Read more »
In 2019, readers of SoloPoint News are highly interested in topics that affect hiring mechanical engineers in this competitive talent market, new employment and tax laws, as well as recent innovation in CAD. Here are our most read articles of 2019: Why is it so hard to hire Mechanical Engineers? In a study made by… Read more »
The tight labor market is forcing employers to be more creative in attracting top talent and puts job seekers firmly in the driver’s seat. The October 2019 report of the Bureau of Labor Statistics (BLS) shows that unemployment remains at 3.6%. This marks the 20th month of unemployment being below 4%. The state of California,… Read more »
With the passage of AB-5 into law, businesses need to review if the workers they engaged as Independent Contractors meet the standards of the ABC Test. On September 18, 2019, the state of California passed Assembly Bill (AB) 5 into law, which uses the ABC Test as the standard for classifying workers as independent… Read more »
Due to news coverage of Google’s treatment of contract workers, contract employment has developed a negative impression among job seekers We address the Top 5 misconceptions about working as a contract employee In 2019, news outlets such as the New York Times and Bloomberg have written about contract workers being treated as “second-tier” employees in… Read more »
California’s “ABC Test” and the U.S. Federal Agencies’ “Common Law Rules” have presented employers with conflicting standards on how to engage with workers as independent contractors. To prevent worker misclassification penalties, businesses should supplement their work force by leveraging staffing firms to hire workers as W-2 employees. In 2019, the State of California and… Read more »
Employees can cost a business 18-26% more on top of their base salary in taxes and benefits Last January 31st, employers across the U.S. have distributed their employees’ W-2 form which states their wages and tax withholding. What those W-2 forms don’t show are the employer’s contribution towards taxes and benefits that they pay on… Read more »
