DOL Announces Final Rule on Employee Classification

The U.S. Department of Labor on Tuesday announced a final rule that it says aligns with longstanding judicial precedent that employers have used to determine whether a worker is an employee or a contractor. Under the final rule that takes effect March 11, a worker is not an independent contractor if dependent on an employer for work as a matter of economic reality. “The rule addresses six factors that guide the analysis of a worker’s relationship with an employer, including any opportunity for profit or loss a worker might have; the financial stake and nature of any resources a w...