In the dynamic landscape of federal regulations, significant changes have emerged in 2024 that businesses need to be aware of. One of these changes includes the redefining of the classification of “independent contractors” under the Fair Labor Standards Act (FLSA). The U.S. Department of Labor issued this new final rule with the aim of reducing “the risk that employees are misclassified as independent contractors.” Ultimately, this final new rule would make it more difficult to classify workers as independent contractors. This rule will go into effect starting March 11, 2024. Different rules may apply based on the state you are located in.
