Adopting a Gig Economy in Business Operations

[pinway]

A Gig economy is a labor market that relies heavily on temporary and part -time positions. These are usually filled in by independent contractors and free lancers. Gig workers are individuals who engage in short-term and flexible jobs.

Is adopting this kind of labor scheme advantageous? Is it applicable to all kind of business enterprise?

 

[King Belieal]

Using the gig economy to run your business in the sense that you don't have any financial commitments like insurance coverage and extra benefits to such workers.

 

[pinway]

Using the gig economy to run your business in the sense that you don't have any financial commitments like insurance coverage and extra benefits to such workers.

I agree, one will not be burden with paying benefits and at the same time can limit the expense for the salaries and wages because ir can be predetermined.

 

[Fidelia]

The gig economy allows you to get staff to work for you without you being committed. It reduces redundancy expenditure because some staff in organizations don't really have what they do and they are being paid. Using ten gig economy allows people to just get paid for what they do.

 

[Augusta]

Well, it is not a bad idea to run your business with it. You would be able to save money as you are not paying full time salary and they might not gets other compensations

 

[pinway]

The gig economy allows you to get staff to work for you without you being committed. It reduces redundancy expenditure because some staff in organizations don't really have what they do and they are being paid. Using ten gig economy allows people to just get paid for what they do.

That is right they get paid for a specialized work and can put their focus on it. The business saves on paying idle time which is the case when hiring full-time employees even when there is a business slowdown.