By Rohan A T
The world has changed a lot over the last couple of decades and how we live our day to day lives has also been altered and upgraded according to the fast-moving technological realm. Even the corporate realm is not immune to these changes and the business world has seen quite some paradigm shifts over the past decade. While the economy is currently stagnant owing to the covid19 outbreak and the resulting lockdown, industry experts have been able to somewhat weather the storm with the help of technology and various innovative ideas and policies. One aspect that most businesses were struggling with is how they deal with the employees in general. Many companies have found it hard to deal with the current situation and have laid off employees and have put pay cuts in place.
During these unprecedented times, the gig economy would have been a preferred choice for companies and it would have helped them to achieve more flexibility when it comes to dealing with the workforce. Simply defined, a gig economy is basically a free market system where it is very common to have temporary positions and businesses will hire workers to full-fill short term commitments. This allows the businesses to be freer especially during this pandemic situation. While there are a plethora of advantages that the gig economy offers to an organization, there are some that are way more important than the rest. Now lets’ take a look at some of the important advantages that a gig economy offers to an organization.
While there are a number of other benefits that a gig economy will offer to an organization, these above-mentioned ones are the most visible and noteworthy ones.