Oyster launches Oyster Shell, offering an additional safeguard against contractor misclassification risks for organizations hiring distributed teams. This innovative solution addresses concerns surrounding worker classification and ensures compliance for global employers.
- Enhanced Protection: With Oyster Shell, companies can enroll in contractor misclassification insurance, providing coverage of up to $500,000, mitigating potential fines and penalties.
- Growing Trend: The demand for contract workers is on the rise, with 67% of managers in the U.S. planning to hire contractors this year, underscoring the need for robust risk management solutions like Oyster Shell.
- Compliance Expertise: Oyster’s platform offers localized insights, legal expertise, and Global Employment Tools, including the Misclassification Analyzer, empowering organizations to make informed decisions and navigate complex compliance requirements.
Best Practices for Worker Classification:
Miranda Zolot, General Counsel at Oyster, shares key guidelines for classifying contractors vs. full-time employees, emphasizing factors such as business intent, duration, control, and integration within the organization.
Oyster’s commitment to ensuring compliance and providing comprehensive solutions like Oyster Shell reinforces its position as a trusted partner for global employers. With Oyster Shell and expert guidance, organizations can confidently navigate the complexities of global workforce management while prioritizing compliance and employee well-being.
