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Workforce Wonderland: Tracz Consulting's Epic Quest for Success!


Welcome to the thrilling adventure of modern workforce management, where co-employment risks, the eternal battle of employee vs. contractor, and the mystical art of contingent workforce consulting take center stage. Tracz Consulting is not your average guide; we're your expert navigators, armed with insights that not only enlighten but also bring a smile to your face. Join us on this whimsical journey as we dive into the delightful world of hiring internally versus hiring a contractor and discover why it's the ultimate quest in today's ever-changing work landscape.


Understanding the Players


In this grand play of work, let's meet the cast - the Independent Contractor, the Employee, and the Temporary Worker. Let’s get to know the players in this game … 

Employee

Guided by the wise employer, employees are the loyal comrades operating within your organization's magical framework. Payment, be it hourly or salaried, reflects their commitment. Working on-site with set business hours fosters a collaborative environment, and benefits and insurance compliance with the Affordable Care Act are the enchanted spells ensuring employee well-being.


Independent Contractor

Behold, the hero operating under a unique business name, donned in the armor of professional identity. With a trusty team, they embark on quests to accomplish contracted work, showcasing commitment and capability. From advertising their business to maintaining a designated office space, they epitomize a structured and independent approach.



Temporary Worker

Enter the shape-shifting wizards of workforce needs – temporary workers! Directed by you but paid by their magical employers, they bring benefits and training as potions, offering a dynamic solution to your workforce quests.


Why It Matters


Misclassifying workers can lead to consequences as epic as a dragon battle. Tracz Consulting unveils the potential pitfalls without resorting to the usual numbered scrolls:


  • Reimbursement for unpaid wages, including overtime and minimum wage – a treasure to be sought.

  • Tackling back taxes, federal and state income tax penalties, Social Security, Medicare, and unemployment – the mythical beasts of the financial realm.

  • Settling misclassified injured employees' workers' compensation benefits – a quest to restore balance.

  • Providing employee benefits like health insurance and retirement is the kingdom's key.

  • Navigating tax requirements, fines, and other state penalties – a journey through the bureaucratic labyrinth.


Mitigating the Risk


Tracz Consulting isn't just a guide; we're your strategic allies on this epic journey. Our expertise includes:


  • Mastering the art of worker classification to ensure the correct engagement as independent contractors or employees.

  • While we don't provide EOR services, we guide you in finding the best EOR partner for seamless engagement.

  • Guiding in achieving organizational goals while dancing around compliance fires.


Conclusion


In this ever-evolving workforce wonderland, Tracz Consulting isn't just a consultant; we're your partners in magic. Let's ride our unicorns through the twists and turns of co-employment risks, engage in the epic battle of employee vs. contractor dynamics, and conquer the contingent workforce challenges together. With Tracz Consulting, you're not just hiring expertise; you're gaining magical companions in the journey of workforce excellence.



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