Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Survey Finds Gap Between Worker Misclassification and Perception

Jaclyn Jaeger | October 14, 2014

A new survey by ICon Professional Services, a provider of contingent workforce management solutions, finds a significant gap between the actual financial risk posed by companies that misclassify their independent contractor workforce and how companies perceive that risk.

According to the survey, 68 percent of more than 50 executives surveyed said they're confident they would pass a worker misclassification audit. In reality, only 55 percent actually reported passing such an audit.

The survey further found that 57 percent of senior executives said they have “great confidence” in accurately estimating the number of independent contractors engaged at any time. Another 24 percent expressed “some confidence.” These findings indicate an increase in the likelihood of an audit uncovering...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.