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The new Gig Economy: Why it is Important for Your Business

The new Gig Economy: Why it is Important for Your Business

The global workforce is rapidly turning into gig-based employment, thanks to the evolving consumer demands and uncertain business operation environments.
Consequently, the freelancer workforce keeps growing — estimated to surpass 50% by 2020 to satisfy the gig-based demands.

The Gig Economy: How it can benefit Your Company
Here is some reason why your business may want to embrace the new gig economy.

American Workforce is Already Going Freelance-Based
More than 35% of workers in the US are freelancers. That means your company can get access to almost any freelance talent you are looking for in the market. With the large pool of free talent, you can vet through the millions of freelancers available such that you hire precisely the quality of talent you’re seeking.

The Gig Economy is Flexible and More Affordable
Most companies have their seasonal highs and lows. They will only seek the services they need most. They won’t have employees on a retainer unless they have to. Therefore, instead of keeping employees and paying them for services you don’t need yet, you would rather have freelancers that can get dispatched to you at a moment’s notice whenever you need them.
Besides, you likely won’t pay any taxes for the gigs the contractor does for you, which helps you save a few bucks in return.
That said, with the right contractors, your company saves resources, time, and money because these contractors complete the tasks in a short time.
And since there’s little or no paperwork when recruiting freelancers, you can acquire the talent faster, speeding up the company’s production time. Besides, gig workers are already experts with experience in their respective fields; hence, you don’t incur any employee training costs.

It Gives a Better Opportunity to Test New Ideas
When you can test new ideas in your niche, you can easily migrate to new and better existing ideas that help you scale faster in your business. While your employees work on vital tasks, you can task gig workers to work on new ventures that you think might work for your business. For example, you can redesign your book’s cover page then analyzing your audience’s reaction to such changes. The ease of testing new ideas means you can access a new market with minimal risks.

How to Get the Best Out of the Gig Economy
The gig economy has its fair share of challenges that you need to avoid. Luckily, there are policies that your company can embrace to benefit fully out of the ever-growing gig economy. The policies include:
• Adopting a proper screening process for the contractors to ensure you hire only the best freelancers
• Building an organizational structure that can ensure you accommodate both employees and freelancers smoothly.
• Involving the legal and human resource department when hiring gig workers to avoid policy complications
• Hiring gig workers that have a history of providing efficient and reliable services

 DevReady is ready for Your Developer Gigs
Hiring a gig talent isn’t always easy, especially when you need specific technical skills such as web designing and software development. However, it doesn’t have to be complicated.
The DevReady is here to provide you with reliable, efficient, expert developers for whatever project you may have. Our experts are readily available on request to serve your urgent needs. Schedule an appointment with us, and we’ll gladly serve you.