Happy New Year from Steve Palazzolo and the Law Shanty! Today’s video focuses on the first 2024 labor law rule revision by the U.S. Department of Labor, forcing employers to reexamine their workers who are classified as employees and independent contractors. The rule was announced today, but will be published tomorrow, Jan. 10, 2024, and will take effect on March 11, 2024. The rule uses analysis that is more consistent with the FLSA as interpreted by longstanding judicial precedent. It is designed to reduce the risk of employees being misclassified as independent contractors and prompt employers to consider six factors to help classify workers. Steve walks us through this new rule and its differences and similarities to past rules – and provides comprehensive steps for employers to take in implementing the rule.