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April 2016

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This Worker Classification Myth is Hurting Your Business
This Worker Classification Myth is Hurting Your Business 2000 2000 PayReel

Sorry, y’all: The five-second rule is bogus. Germs don’t offer a grace period before jumping on your food. Not even your last bite of the really delicious stuff. But that one about metal objects dissolving in a glass of Coke? Still up for debate. And we won’t be testing it to find out.

Myths can be dangerous, silly, or in the case of worker classification—bad for business.

There is a fine line between an employee and an independent contractor and laws surrounding worker classification are confusing. We’ve seen companies go to great lengths to comply with nonexistent rules, so we were compelled to bust one of the most damaging worker classification myths we’ve seen.

The Myth About Worker Classification

After a certain amount of time working for you, an independent contractor must be reclassified as an employee.

We think this myth likely comes from one-time best practices that were interpreted as hard and fast rules. Wherever the myth comes from, we’ve seen clients build all sorts of policies to get around the supposed law. We’ve seen them hire workers for six months, drop them for a period of time, and then rehire them, for example. Some companies even refuse to rehire independent contractors after working with them for a certain amount of time because they’re afraid they’ll have to provide all of the benefits associated with hiring an employee. Not only are these policies time consuming, but they can also hurt businesses that rely on trustworthy freelancers.

The Truth About Worker Classification

We think it’s time for everyone to bust the myth and bust free from self-imposed restrictions.

Here’s the liberating truth: If you find a good contractor and want to use them over and over, you can. There are rules, which vary by location, but there are also legal ways to keep your best people working for you.

If you’re confused by compliance laws and fear your workers are misclassified, PayReel can help. Reach out to our team of experts on all things freelance. Get away from the burden of onboarding, payrolling, and classifying your workers and focus on what you love.

About PayReel:

PayReel’s clients, who are some of the biggest companies in the world, are constantly immersed in the chaos of producing multimedia content or executing live events. PayReel makes sure they have the right contractors at the right time in the right place, and that everyone gets paid properly. And, most importantly, they handle every last detail perfectly while making sure their clients think nothing of it, so they can get back to doing what they do best.

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Successful Businesses are Built on Trust
Successful Businesses are Built on Trust 500 500 PayReel

After nearly three decades, my business and I have matured. In a nutshell, this means I get to shut up more. This luxury is a direct result of being surrounded by advisors and team members with varied experience and whose strengths function well together.

Trust powers a sustainable business. Here’s how it helped me build and growPayReel.

You Can’t Do It All

It’s tempting for leaders to be involved at every level, but you can’t do—or be good at—everything. That’s what the team is for. A growing business allows you to hire more people and hiring more people allows the business to grow. This cycle is a sure sign of a healthy organization. Once I built a team that I could trust implicitly, the best thing I did for the company, the team, and I was to get out of the way when it comes to day-to-day tasks.

Surround Yourself with Good People

Without implicit trust, I get too involved. Usually, we just need to make adjustments or offer personal development because individuals are busy or stretched too far. When team members are good for the company but bad for the position, we can rewrite their roles and move forward. We know we got it right once things start humming again and I can step away. When it doesn’t work out and someone has to move on, we see it as a learning opportunity.

Attitude Trumps Skill

When it comes to team dynamics, attitude trumps everything. I’d rather have someone inexperienced with a positive outlook than one with all the training but a sour demeanor. You can develop skills. In a growing company, a bad attitude is like poison—deadly and difficult to remove. Once it’s in the system, things go downhill fast.

You know you’ve built the right team when you’re happy to delegate. Things work better when everyone has a good time, works hard, and respects each other.

Happy Team building!

Feeling the trust? Then trust us and check out our other entrepreneurship articles about change and persistence.

About PayReel:

PayReel’s clients, who are some of the biggest companies in the world, are constantly immersed in the chaos of producing multimedia content or executing live events. PayReel makes sure they have the right contractors at the right time in the right place, and that everyone gets paid properly. And, most importantly, they handle every last detail perfectly while making sure their clients think nothing of it, so they can get back to doing what they do best.

Three Reasons You Need to Get Comfortable With Change - PayReel
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Three Reasons You Need to Get Comfortable With Change
Three Reasons You Need to Get Comfortable With Change 750 500 PayReel

As an entrepreneur, you must either get comfortable with change or find a new career path.

Just as the once cutting-edge typewriter is now obsolete, every shiny piece of equipment in your office will soon be replaced by something sleeker, faster, and seemingly impossible to live without. Keeping up with evolving technology is just the beginning. Customer demands are ever-shifting and the onslaught of new information is nonstop.

You have to reinvent your business and yourself to stay ahead of the game. You have to change it. Despite your best efforts, there will be times you will barely be able to lay the tracks as you see the train coming. That’s all part of the journey. Even if you thrive in that sort of activity and buzz, there will be times it will seem too hard, too much, or too fast.

How you handle chaos can be a game-changer and is critical to maintaining credibility.

Embracing Change Creates Opportunity

Simply embracing the ride makes for a much more enjoyable trip on this entrepreneurial rollercoaster. Whether you resist it, grudgingly accept it as a fact of business, or embrace it wholeheartedly; change is a-comin’. Giving in to anxiety makes the uncertainty miserable. Seeing change as an opportunity to grow makes the same circumstances fun and exciting.

A Healthy Culture Starts with You

When companies cultivate an atmosphere of exploration, discovery, and innovation, employees feel free to make mistakes and “fail forward.” I can’t think of any industry that has the luxury of not needing to innovate.

You’re the Example

You alone are the leader of your company—not just in title, but in deed and thought, too. If you think it’s too hard to evolve with the times, how can you expect your team to do so? How can you build a culture that embraces change if you let yourself be overwhelmed by it? Just as kids look to their parents for cues on how to react to situations, employees look to company leadership to model behaviors, attitudes, and acceptable beliefs.

Welcome to entrepreneurship! If you’re not already comfortable with change, make yourself so. Your success depends on it.

Feeling cozy with change? Embrace our other entrepreneurship articles on trust and persistence.

About PayReel:

PayReel’s clients, who are some of the biggest companies in the world, are constantly immersed in the chaos of producing multimedia content or executing live events. PayReel makes sure they have the right contractors at the right time in the right place, and that everyone gets paid properly. And, most importantly, they handle every last detail perfectly while making sure their clients think nothing of it, so they can get back to doing what they do best.

coffee cappuccino - PayReel
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3 Steps to Relieve Freelance Payroll & Tax Season Headaches
3 Steps to Relieve Freelance Payroll & Tax Season Headaches 3504 2336 PayReel

Do you hear that? It’s the sound of companies with large contingent workforces digging through piles of paperwork, shipping out tax documentation, tracking down addresses, updating changed addresses, fielding endless calls from freelancers, and running around like chickens who have been recently separated from their heads. During Tax Day, and tax season, managing freelance payroll is more than just a pain in the ass—it’s a detriment to your productivity.

Here are three pill-free steps to ease those tax season headaches:

Step One: Get freelance payroll off your books.

PayReel handles every detail surrounding freelance payroll—from onboarding to reporting, and, of course, tax documentation. Since freelancers are technically our employees; art directors, producers, and media departments get all the creativity without any of the paperwork.

Step Two: Let PayReel handle the details.

Transparency is key. If you never want to see another detail about your contingent workforce in your life, you don’t have to. On the flip side, you can always dig into the details as deeply as you want.

We securely store all documents online in an easy-to-view and easy-to-find format. Find out what freelancers are costing you and whether the ROI is still in line with your needs. Track spending by employee, project, time period, and more. Our reporting options are true to your unique business realities and available anytime.

Step Three: Get yourself a cup of joe and relax.

We’ve got you covered. With PayReel taking on the entire burden of payrolling your independent contractors, you might even forget Tax Day is coming next year!

About PayReel:

PayReel’s clients, who are some of the biggest companies in the world, are constantly immersed in the chaos of producing multimedia content or executing live events. PayReel makes sure they have the right contractors at the right time in the right place, and that everyone gets paid properly. And, most importantly, they handle every last detail perfectly while making sure their clients think nothing of it, so they can get back to doing what they do best.

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