With the rise of what is now known as the “gig economy,” the job market is changing. The gig economy is an environment in which short-term, temporary work is preferred to traditional employment. This contingent workforce is utilized for single projects or tasks, employee absences or field expertise.
The benefits of this type of labor have been recognized by both employers and workers alike.
For the worker, the gig economy offers flexibility and diversity not found in the traditional job market. Many short-term engagements, such as consulting “gigs,” do not have a firm work schedule. Workers have a newfound flexibility in completing these projects or tasks. This type of work also introduces the ability to diversify. A worker is no longer chained to one company and one position. Contingent workers have the option of career exploration. They can work for many different businesses across a variety of industries to discover and pursue their passions. The diversified worker is now embraced and seen as an asset to an organization. For the employer, engaging a contingent worker means greater control over the flow of talent in an organization. This is particularly useful when a need for short-term assignment or expertise labor arises. An employer can search the contingent worker pool for highly-specialized workers to consult or utilize only when necessary rather than hiring them as a traditional payroll employee.
We, here at NexusCW, have embraced the trend towards a gig economy. We can help you make the transition to and management of contingent workers effortless. When your business is ready to join this rising trend, we are here to service all your contingent workforce needs.