Contingent workforce and flexible working continue to be a dominant issue in the current employment landscape. The laws in this area are still evolving, as governments adapt to modern workforce models, which companies are increasingly engaging with in order to help "futureproof" their businesses.
Recognizing this issue, our multipractice team of industry specialists have come together to provide resources that guide organizations through essential considerations and risks that come with these flexible working models and less traditional forms of worker engagement.
This multijurisdictional, interactive map and comparison tool highlights various areas of risk that companies should be considering when engaging contingent workers, covering employment, tax, employee benefits and pensions.
Interactive Contingent Worker Misclassification Risk Comparison Tool
As ways of working and engaging individuals changes, companies must navigate and stay up to date with changing rules as to how these individuals should be treated. This tool seeks to highlight the main issues companies should be aware of across a range of different areas.
The tool is made up of two sections:
- The Contingent Worker Misclassification Risk Comparison Tool, which provides high-level information about pensions, wage tax, employment law and employee benefits risks of engaging contingent workers across 27 jurisdictions
- The Contingent Worker Misclassification Risk Map, which provides high-level information and risk ratings across 27 jurisdictions
To find out more about the comparison tool and how to use it, click the image below.
Contingent Worker Misclassification Risk Map
Click on the Contingent Worker Misclassification Risk Map image below to navigate to the interactive map page.
Please note that although the contents on this website is a helpful source of information, we recommend using these materials for reference only, and not as a substitute for obtaining detailed employment and/or tax advice. For professional advice and assistance, please contact your usual Baker McKenzie contact.
Technological advancement, economic pressures and unexpected global events such as the COVID-19 pandemic have all led to a significant increase in appetite for agility and flexibility in workforces.
Traditional employment models are being transformed, with many global organizations moving away from the typical 9-5 office work existence in favor of contingent, temporary, remote, platform-based and crowdworking models. As the use of automation and AI accelerate, in the wake of a global pandemic, there has never been a more critical time for organizations wishing to stay competitive to innovate and revolutionize their working practices.
Visit our FutureWorks site for more information and access additional resources.
Baker McKenzie's London Pensions team has been a proud sponsor of the Pensions Policy Institute (PPI) research programme into ESG investing by pension schemes, and we are delighted to share the third and final report of the series, Engaging with ESG: Environmental, Social & Governance factors. The report explores how each of the individual components of ESG play a key role in developing pension scheme investment strategies, and how these strategies interact with the current regulatory landscape.
Furthermore, the report investigates the developing approaches pensions schemes are taking to ESG risk factors, including the evolution of effective risk mitigation, barriers that are preventing the integration of these factors and the importance of data throughout the ESG journey. It also takes a look forward to future opportunities and challenges surrounding ESG for pension schemes and what trustees and companies alike can do to prepare appropriately. The first report on The History of ESG Investment in the UK and second report The Climate Change Report, which explores the way in which pension scheme investment takes into account climate change within the regulatory landscape are also available for your reference.