What the “Gig Economy” Could Mean for Your Business
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What the “Gig Economy” Could Mean for Your Business

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According to a Gallup poll, more than one third of all U.S.workers are now part of what’s called the “gig economy” – basically the segment of the population involved in freelance, part-time, contract, temporary, or “side hustle” type work.

See “57 Million U.S. Workers Are Part of The Gig Economy”

For businesses like yours, this trend represents a real opportunity to address what many companies see as a major challenge: acquiring top talent.

Not only can gig workers fill the “skills gap” in a tight labor market, as Rebecca Henderson, CEO of talent acquisition firm Randstad Sourceright puts it:

While in the last decade contingent workers have been viewed very differently as compared to full-time positions, today’s companies are welcoming the opportunity to employ a more agile workforce, particularly as a greater number of gig workers embrace flexible work practices as well.

See “More employers shifting emphasis to gig, freelanceworkers”

Of course, along with opportunities come issues. The major issue for businesses to consider when it comes to employing gig workers is how to approach traditional benefits for those workers.

If this is an issue for your business or may become one, contact Saginaw Bay Underwriters. One of our advisors would be happy to meet with you to discuss solutions.

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