To be independent, and the vast majority of workers believe work/life harmony is essential. And, these will often be the most entrepreneurial and driven individuals – the type of person that businesses want to attract. Small businesses, however, shouldn't fear the rise of the gig economy. Rather, this is an awesome opportunity.
While workers of all ages value and seek the flexibility that the gig economy can offer, the majority still prefer the known stability of a full-time position. In the Beyond survey, job seekers cited "lack of job security" and guaranteed income" (53%) and "lack of health benefits" (28%) as the "least appealing" aspect of working for an on-demand company.
Job seekers today expect more from employers, wanting both freedom and job security at the same time. And while bulkier operations lack the agility to reinvent the traditional employer-employee relationship, small businesses are nimble armenia phone number library enough to offer the best of both worlds. And many have with tremendous success; for instance, by implementing flexible work policies that entrust employees to manage their own time. It's amazing how something as simple as allowing employees to flex their hours can have an amazing impact on employee acquisition and retention.
Small businesses also compete directly in the gig economy. Many operations can't afford to hire full time staff for every specialized skill set, so they employ freelancers and independent contractors. The number of skilled independent contractors will grow and small businesses can continue to hire freelancers, setting contracts that enable freelancers to predict how much they will earn while maintaining their independence. In doing so, small businesses will serve as the ideal partner for the new rising trend of workers who prefer to work for themselves.
The rise of the gig economy has shown that there is no shortage of people seeking alternative arrangements such as freelance work. The number of workers in the gig economy will continue to grow. Small businesses should jump on board this trend, and capitalize on the excitement of this new workplace trend to reexamine the traditional worker-employee relationship in order to recruit the most talented workers to grow and advance their organization.
There is change coming. More people are intrigued by the potential
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