Category Archives: Risks

Employee or Independent Contractor? Follow the Money!

Chris Sutton – Partner, Clover Global Solutions, LP The oil and gas industry has a strategic reliance on freelancers, 1099 contractors, consultants and small businesses, collectively referred to as “non-employees”. In both good times and current times of economic uncertainty … Continue reading

Posted in 1099 Compliance, Clover Global Solutions, Contingent Workforce, Oil & Gas, Opportunities, Risks, Workforce Changes | Tagged ,

The Big Payback: Companies Owe Millions for Misclassifying Workers

Chris Sutton, Partner – Clover Global Solutions, LP For generations, the American workforce was comprised primarily of full-time employees who received all of the benefits – overtime pay, health insurance, paid vacations, etc.,– that their statuses conferred. Yet in recent years, a … Continue reading

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Surviving Acquisitions and Divestitures – A guide for Oil & Gas Professionals

Acquisitions and Divestitures (A&D) are a part of the asset allocation strategy for oil and gas companies and are constantly evaluated on both a short and long-term basis. Oil and gas companies seek to acquire assets that maximize core competencies … Continue reading

Posted in Clover Global Solutions, Contingent Workforce, Oil & Gas, Opportunities, Risks, Uncategorized | Tagged ,

The Top 10 Risks for Oil and Gas Companies in 2012

The oil and gas industry is subject to financial, compliance, operational, and strategic risks.  These risks are subject to several external factors: Financial risks, which stem from the economy Compliance risks from laws, politics, or corporate governance Operational risks affecting … Continue reading

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