Pendragon Straight Talk: Episode Forty-Six
JOHN GLOVER: Hello and welcome to another Pendragon Straight Talk this week I’ve been asked about the gig economy and what it is.
Basically, with more and more people wanting to have the ability to contract but also the security and consistency of income from permanent work, the gig economy is taking off.
Gig – what does that mean? Well it means just that, what is your next gig. Just like a stand-up comedian or a band when or where is your next gig or gigs going to be.
The workforce now and definitely in the future will be full of individuals looking to work on different gigs and sometimes at the same time for different companies. What does this mean from an employment point of view and how the companies handle the compliance and payroll, that’s something you’ve got to bear in mind.
A gig economy is an environment in which temporary positions are common and organisations contract the independent workers for short and long term stints or engagements.
The trend towards a gig economy has begun as you all know and in the gig economy businesses have resources, or save resources in terms of office space and training because sometimes work is done outside the office.
We personally have been working with the gig economy for twenty years now, before it was known as the gig economy. In fact salary management companies, like ours, are all geared up to look after the expectations from employees and we can work with both companies and individuals to make the gig economy work as smoothly as possible, with all the relevant compliance and insurance that is required for both the companies and the individuals, whilst also giving the individuals the freedom to do the different gigs and the company to accommodate various gig work at one time.
We have had individuals working at different companies on different gigs over the last twenty years, as I said. I am more than happy to discuss this gig economy further with whoever would like to.
The gig economy is here, it’s only going to get bigger and salary management companies like us have the experience to make it a seamless process, which eventually will become common employment habits for all of us.
Thanks for listening, I look forward to talking to you next week.