Listen to “#622 How to Classify Contingent Workers Correctly Every Time” on Spreaker.
On this episode of The Small Business Radio Show…
SEGMENT 1 with Sal Melilli, starting at 0:00: It’d be hard to come by someone in U.S. that has not been to or heard of the restaurant chain Hooters. Now this iconic brand is introducing a new concept: Hoots Wings. Why a new concept and why introduce it during a pandemic?
SEGMENT 2 with Jaime Lizotte, starting at 18:30: For a few years now, there has been a rise in the existence of contingent workers. What exactly are contingent workers and how are they different or similar to independent contractors? What do companies need to know about contingent workers in particular to stay in compliance?
SEGMENT 3 with Jamie Notter, starting at 36:45: Now is the time of year where many management teams meet annually to decide their new strategy for the year. Should they even do that this year?
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More on each segment below.
Segment 1: Sal Melilli has served as the CEO and President of HOA Restaurant Group, the parent company to Hooters and its brother brand Hoots Wings.
1:15 – How are restaurants doing during the pandemic?
3:45 – How did you communicate with your customers early on in the pandemic?
5:45 – What is the origin story of Hooters?
9:30 – What’s the new concept you’re working on – and why launch a new concept during a pandemic?
11:45 – Why not incorporate the Hooters brand fully into the new concept?
13:45 – What sets Hoots Wings apart from other concepts and competitors?
16:00 – What does the future have in store for restaurants?
Segment 2: Jaime Lizotte is the Tax Compliance Solutions Manager at efile4Biz.
18:30 – What is a contingent workforce? Is this just a fancy word for freelancers?
21:30 – What is the major difference between contingent workers and independent contractors?
22:30 – What are some of the pros and cons of contingent workers?
25:45 – How do you work with contingent workers classified as independent contractors?
27:15 – Do you have to provide a 1099-NEC to contingent workers?
27:45 – Is it easy to misclassify contingent workers? What are some mistakes employers make in classifying them?
32:15 – What forms do businesses use to report to the IRS the income paid to contingent workers?
Segment 3: Jamie Notter is an author and growth strategist at PROPEL, where he helps leaders integrate culture, strategy, and execution to achieve breakthrough performance. He brings twenty-five years of experience to his work designing culture-driven businesses, and has specialized along the way in areas like conflict resolution and generations. Jamie is also the co-author of three books—Humanize, When Millennials Take Over, and The Non-Obvious Guide to Employee Engagement.
36:45 – Are annual strategies a good idea for 2021?
39:45 – What are the keys to actually executing the strategies you set for your company?
41:45 – How to set goals and targets that actually get your business to where you want to go.
43:30 – Why culture is an important piece of the puzzle.
45:00 – Where do you start – culture or strategy?
47:45 – How do you better understand the cultural patterns that are in your organization?
49:45 – What is the key to engaging employees when they’re not in the office?
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