Regardless of whether you perceive the gig economy in a positive or negative light, there is no avoiding its existence. A series of economic, social, and political trends have come together to produce the environment in which this explosively popular economic model is thriving, and businesses who want to remain competitive must learn to adapt.
Research conducted by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” jumped from 10.7% to 15.8%. This is even more proof that the traditional full-time job is rapidly disappearing. In fact, nearly all of the 10 million jobs created between 2005 and 2015 were not those of traditional employment.
Supply chain management has greatly improved the health and efficiency of many companies, but it is no longer just a technique to bolster competitive advantage. Now, smart supply chain management is a must-have if an organization is to compete at all. In searching for new ways to streamline workflows and hedge for risk, many employers need to rethink their workforces as strategic tools.
By providing one streamlined platform for total freelancer management, businesses can leverage the new Modern Workforce where the number of freelancers will soon be equal to the number of permanent employees in most companies.
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