What does Jumbo Shrimp and a 1099 Employee have in common?
AND the answer .... both are an oxymoron, things used to describe something that in its very definition doesn't exist.
noun a figure of speech in which apparently contradictory terms appear in conjunction (e.g. faith unfaithful kept him falsely true ).
A 1099 employee is not a real thing. Its something used to describe a real thing. And it is used commonly every day. What people are referencing when they say they have 1099 employees, is an Independent Contractor.
In our latest YouTube video on our channel Short Stop HR , we had an opportunity to speak with Colin Walker, an Attorney for the CO based law firm, Fairfield and Woods P.C. out of Denver. In this segment Colin speaks about the differences between classifying workers as either employees, or independent contractors. In this video you will hear about the following:
Colin gives great insight on what to consider when thinking about hiring an employee vs hiring an independent contractor.
We walk through the potential risks an employer should consider when classifying employees.
Why is this important?
At the COSHRM Day at the Capitol event, we had an opportunity to hear from several key people working here in the state of CO. We heard from Attorney General, Phil Weiser and the new Executive Director for the CO Department of Labor, Joe Barela. During the event, it was highlighted that once again the Department of Labor is focusing on auditing employers using independent contractors. If you are using, or considering using independent contractors in your company, take 10 minutes and head over to our YouTube channel to learn a little more from Colin about some things to consider!