CXC Talent Talk #21

Welcome to CXC's weekly newsletter! ??

If you want to find expert insights, trends, tips, and solutions for managing your talent needs, you are in the right place.

Every week we will keep you updated on the important shifts in the market and offer our views and tips for effective talent management from all of our regions.

? Subscribe to stay up to date & share this with your circle!

Want to know how your workers can stay compliant?

This week discover our Contingent Workforce Risk Diagnostic Tool, learn what is Worker Classification, discover what are The Risks of International Remote Working and get more insights into Independent Contractor Compliance and US Tax Rates.

?? CXC Australasia

?? Contingent Workforce Risk Diagnostic Tool

Employees, contractors, temp workers, consultants, freelancers – with so many types of engagement, how do you know whether your worker is compliant with workforce legislation?

To assist organisations with assessing their risk profile and determining the kind of worker they have engaged, CXC has developed a contingent workforce risk diagnostic tool.

With a few easy questions, this tool will work out what kind of worker you’ve engaged, and whether you have any associated risks around co-employment, labour hire licensing, payroll tax and more. Try it out now HERE.

?? Ensuring the Safety of our Client’s Contingent Workforce

CXC’s Workforce Management relationship with this client spans over four years and covers up to 1,500 contractors across a variety of role types, engagement types and geographic locations.

As part of our duty of care to the contractors we manage, and to ensure that the contractors are able to perform efficiently and effectively, we endeavour to provide the safest working environment.

Prior to our engagement, this client’s contractors had limited operational WHS support, which presented a significant liability to the business.

Read the full case study HERE.

?? CXC Asia

?? What is Worker Classification? Why has it become so important?

Recent studies reveal that almost seven in 10 workers worldwide are self-employed or in small businesses; whilst self-employed and micro-enterprises account for more than 80% of employment in South Asia.

However, keeping abreast of classification and compliance when workers are engaged through so many different models, in so many different countries, can bring its own set of challenges.

Find out more about the challenges HERE.

?? Compliance in Today’s World of Work: 3 Things to Watch Out For

As the demand for contingent workforces increases globally and organisations are having to grapple with new challenges and risks that are becoming ever more complex, many believe it’s important for companies operating internationally to watch out for the following with?their compliance management programs.

Learn more HERE.

?? CXC Emea

?? The Risks Of International Remote Working

Connor Heaney , EMEA's Managing Director highlights the risks for companies who have employees working overseas and what they can do to manage those risks. Watch the video by clicking the photo below.

?? New Episode: The Open Talent Report Podcast

On this episode of The Open Talent Report, Connor Heaney talks to Angela Alberty, CCWP Alberty,?CCWP, the co-founder and CBO at myBasePay . Having studied workforce trends and shifts an entire professional career spanning over a decade, Angela is an expert in the human capital sector. She is a thought leader and advocates for the worker population with a specialized focus on Contingent Workers.

Some of the topics?Connor & Angela cover:

??Angela’s Story

??EU Directive on Platform Workers

??Knowledge Workers vs. Low Choice Workers

??Discrimination in the Labour Market

??Banking System for Non-permanent employees

? Subscribe and tune in The Open Talent Report on?Spotify,?Apple Podcasts, and?Amazon Music?or listen to the full episode on our website?HERE.

?? CXC North America & Canada

?? Independent Contractor Compliance – How US Tax Rates Compare to Other Countries

Globally, the US enjoys a lower personal tax burden than most countries, however our system is more complex especially when it comes to project-based, SOW, independent, self employed workers, sole traders and small businesses.?

A major reason for this is outside the US, countries traditionally have preferred their workers to be treated the same from a tax liability and also contribute equally to social programs.?

Currently, in the US, the seven tax brackets are 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.

An in-country local expert that provides IC compliance solutions, can help navigate the complex issues and?take the compliance risk off?the hands of multinational companies.

Learn more on US Tax Rates HERE.