Key takeaways
Host: Gregory Stoskopf, managing director, Deloitte Consulting LLP
Presenters: Jim Bagley, manager, Deloitte Consulting LLP
Elizabeth Karcher, senior manager, Deloitte Tax LLP
Sheila Sever, senior manager, Deloitte Consulting LLP
1.0 Overview of CPE credit | Specialized knowledge
The Department of Labor (DOL) has updated the Fair Labor Standards Act (FLSA) Salary Threshold Test and the classification of independent contractors. Join us as we’ll review compliance timelines, implementation considerations, and the impact of guidance from the IRS that introduced a new approach to worker classification in 2020. We will also outline how Deloitte can assist companies during this transition. In this session, we’ll discuss:
- DOL’s changes to the FLSA guidelines
- Tax considerations in the utilization of independent contractors
- Considerations for implementation and potential operational, reputational, and financial risks from improper classification
Meet the host
Gregory Stoskopf
Greg is the leader of Deloitte Consulting LLP’s National Compensation Community of Practice and serves on Deloitte’s Global Rewards Leadership Committee. His specialty is focused on the design and implementation of strategic performance and reward systems, including talent and total reward strategies designed to enhance the attraction and retention of critical talent segments. He has more than 30 years of experience in compensation, performance management and human resources. His clients represent a broad range of industries including energy/utilities, healthcare, higher education, financial services, pharmaceuticals, media, manufacturing, consumer products, professional services, government, and non-profits. Greg is an author and frequent speaker on compensation, talent management, and total rewards topics both nationally and internationally. He is a member of the New York Compensation Association, the Society for Industrial and Organizational Psychology and WorldatWork.
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