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Worker Misclassification is a term used to describe the practice of incorrectly classifying employees as independent contractors or other non-employee statuses. This practice is often used to avoid paying payroll taxes, overtime, and other benefits that are required for employees. It can also lead to workers not receiving the protections and rights they are entitled to under labor laws.
The Worker Misclassification market is a subset of the Payroll market, and is comprised of companies that provide services to help employers accurately classify their workers. These services include software, consulting, and compliance services. Companies in this market help employers ensure they are compliant with labor laws and regulations, and help them avoid costly fines and penalties.
Some companies in the Worker Misclassification market include ADP, Paychex, Gusto, TriNet, and Justworks. Show Less Read more
