HR Assistant, Chelsea Davis, has been looking at a rising trend in recruiting, the ‘gig economy’, and it’s a trend that’s likely to stay.
So what is a gig economy? In basic terms it is an environment in which temporary positions are common and organisations contract with independent workers for short-term engagements.
With an increasing number of workers taking on both short and long freelance work rather than spending all their time working for one company, it is important that companies consider how the concept of a ‘gig economy’ can be integrated into their business. Although this concept is within its early stages, it is forecasted that by 2020 the ‘gig economy’ will be be worth nearly £2 billion in the UK alone.
This new concept can provide benefits for both parties: the company has access to a skilled workforce, without the permanent employee cost, whilst the employee enjoys a greater work life balance with flexibility to deal with personal commitments. The move towards a gig economy may be a great opportunity to add value to an organisation – however there are some points that have to be considered carefully.
Here’s some key considerations when integrating the ‘gig economy’ into your business:
Changing systems and the like is relatively easy, but where people can really add value is in taking their organisations through a transformation – to change everything from culture and leadership to recruitment and marketing.
This is where HR180 can really add value. If you want any help in adapting this new concept to your business please contact HR180 on 0113 287 8150 we will be happy to help!
Leeds based HR180 is a team of superheroes in HR Outsourcing, Projects and Consultancy committed to work in partnership with organisations of all sizes to establish working policies to go above and beyond Employment Law requirements, to protect both employees and employers alike. We love to hear from you, so call us on 0113 287 8150 or hit the Rescue Me button.