Did you know that there have been 6 million people who have joined the concert workforce since 2010?
Concert workers are also known as independent contractors or freelance workers, they can work with a variety of businesses.
If your business works with concert employees, you need to understand the payroll process for them.
Read on to find out how to manage employee checks for workers in your business!
Agreement on working arrangements
The first step that you should take before focusing on employee audits is the working arrangements.
Depending on the type of worker or contract employee you are working with, you will need to identify general guidelines. Concert workers have experience working with various companies and may be used to certain salaries. Determine what their cost is and what work will be included.
It is important to agree on the working arrangements and should be written down on paper. This will act as an employment contract.
Classify the Gig Worker
Once you have created a contract with your concert employee, you can then identify the classification of his employees.
The US Department of Labor has established standards and classifications for each type of employee. When filling out tax documents, you need to know the correct classification of your gig worker. By submitting an IRS SS-8 form, you can obtain information about the employee’s status and federal tax purposes.
Human resources departments can often help obtain the classification of a concert worker.
Discuss the payment method
While agreeing on the working arrangements, payment will likely be one of the topics discussed.
There are many forms of payment that you can consider for your gig workers. Direct deposit, paper checks and PayPal are the most frequently used methods. Other companies are starting to use Venmo and money transfer apps to get the job done.
If you are paying with physical checks, consider using this check stub maker to document payments. A payroll system can also help you keep track of all the information!
The concert industry is constantly changing and fast paced compared to most businesses.
By communicating frequently with your employees or contractors, you will help build a relationship and trust. These are important for gig workers because they can come back and do more work if you enjoy their accomplishments.
By helping to support your employees together, you are also supporting your own business.
Pay your workers
Depending on your payment terms, you can pay your gig worker every week or after they complete an assignment.
It is crucial that you fully document all of your payments to concert workers. This information is important during tax season when trying to get accurate numbers. At the end of the year, you will need to fill out tax forms showing how much you spent.
Even your documents for at least 7 years before you get rid of them, even for gig workers.
How to Manage Employee Checks for Gig Workers
There are a lot of things to consider when managing employee checks for gig workers.
Since concert workers are contract employees, they have special arrangements to be paid. The most important thing to do is to classify your worker together to determine the payroll process. It makes your job easier.
Do not be afraid to establish a relationship with them and maintain frequent communication, it will help to avoid any problems.
Be sure to check out our blog for more articles on the gig workforce and how you can make it fit in your business!
Interesting related article: “Internet payment becomes more and more secure”