Close

Articles Posted in Flsa

Updated:

Consultant or Employee? Fund Managers Should Re-Examine the Status of their Consultants in Light of the DOL’s New Interpretation

On July 15, 2015, the Wage and Hour Division of the U.S. Department of Labor (DOL) issued Administrator’s Interpretation No. 2015-1, adopting a very expansive interpretation of the definition of employees under the Fair Labor Standards Act (FLSA) under which many workers currently treated as independent contractors will need to…