Palo Alto, CA (March 4, 2021) – Stoke Talent, a leading freelance management system, announces today the release of its Worker Classification Engine. This artificial intelligence algorithmic screening solution is able to offer early detection of high-risk independent contractor (IC) and/or freelancer relationships, which may lead to costly misclassification penalties and possible lawsuits if left undetected. This is the first product of its kind built to provide companies with a continuous, automated solution that monitors and tracks each individual relationship for full compliance with all workforce classification laws.
The booming freelance economy has commanded the attention of the legal system. The federal government, state governments and government agencies have begun to develop legislation that would ensure companies are unable to falsely classify their employees as contractors and, by doing so, prevent them from associated social benefits and tax contributions. Threats of penalties from the U.S. The Department of Labor (DOL), Internal Revenue Service (IRS) and other agencies – not to mention class-action lawsuits and failed audits – have also added a sense of urgency to the issue.
Moreover, each involved government agency applies its own logic to the determination of…
