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Both the DOL and IRS have requirements, centering on the level of behavioral and financial control, and the type of relationship between the employer and contractor.; ;Prepare for possible audits.

What You’ll Learn Creating charts, graphs, and tables from various types of data.

Byron Donalds (R-Florida) reintroduced the Financial Freedom Act , which would prohibit the Department of Labor from “issuing a regulation or guidance that limits the type of investments that self-directed 401(k) account investors can choose through a brokerage window.”

As with any type of disruptive phase, companies that reinvent themselves — focusing on technology that allows them to adapt to market pressure and customer needs — will be the clear winners.

This growing focus includes customers, key stakeholders and new types of workers such as contractors and gig employees, as well as community members.

Creating a Strategy According to Aon’s Voss, a strategy can simply mean clarifying the tactics organizations are willing to adopt to comply with the law and managing the type of questions they are likely to get from managers and employees.

Although 55% of business leaders consider it important to use new technologies and strategies to motivate workers in a hyper-personalized way, only 17% said they have these types of efforts in place, and only 5% were leading in this area, Duda said — and when you’re looking at personalizing rewards , compensation offers a significant opportunity .

“We see an increased focus from employees on all types of wellness — financial to emotional and physical,” Sette said.

Three types of metrics — productivity, employee satisfaction and customer satisfaction — should be top of mind when considering the bigger picture of your organization’s internal health.

Workspan : What are the consequences of this type of pay suppression tendency for employees and employers?