Advantages And Disadvantages Of Gig Workers

Because many businesses in the US have more often began outsourcing different business products instead of doing them in-house, it is important to understand why outsourcing may be the best option. Although many tie outsourcing to foreign markets, outsourcing can include both foreign and domestic markets. By entering into a contractual agreement, outsourcing allows organizations to pay for services they need. This gives the option for a business to get professionals to perform services for them that the business may not have the staff for. Outsourcing provides a cost saving-strategy that is usually more affordable. Ultimately,

AOL engaged in what is called “micro-tasking”, and is believed to revolutionize the virtual workforce. Micro-tasking is what Daniel Maloney, an AOL executive, applied when he was faced with inventorying a vast video library. He broke the large job into small pieces and utilized a crowdsourcing IT platform, Mechanical Turk, in order to describe each task that he required to be done. Each worker was asked to find web pages containing a video and identify the video’s source and location. The project started within a week and completed in a couple of months. The total labor cost was as low as it would‘ve been to hire two man-month

Taking into account all these features, we could conclude that the advantages of zero-hour contracts far out weigh the disadvantages. In the future, with the improvement of corresponding protection system and good utilization, they may play an increasingly significant role in British labour market.

Although these home workers/independent contractors allowed the company flexibility in meeting heavy demand as mentioned earlier which allowed them in scheduling their hours of work, home workers were free to reject or accept any work offered by the company which might make the company vulnerable to failure in meeting its customers heavy demand especially in high season sales.

The fourth advantage to outsourcing is that it can help develop internal staff. As I stated in the advantage above, outsourcing projects help meet performance peaks, but it can also assist in completing projects that are nearing the end of its requirements. What this does is allow the company staff to focus on new initiatives that

Many employers hire temporary workers because of the benefits they bring to the firm. According to Martocchio (2016), temporary employees are a cost-effective way to replace permanent workers who are on approved leaves of absence, which facilitates business continuity. Moreover, they do not receive discretionary benefits such as medical coverage. Similarly, as the business needs change, employers face the flexibility to keep staffing levels optimal. Notably, temporary employees help minimize overall staffing expenses since their presence can keep regular workers productive and not overworked. Martocchio (2016) adds that employers hire temporary workers for experience and expertise lacking in the business. For example, entities employ IT specialists and creative people to fill short-term needs. Finally, according to Martocchio (2016), hiring contingent workers allows employers to assess performance of employees for potential

Businessdictionary.com (2015) states that a contingent worker is a "Temporary employee who is (1) hired for contingent work, (2) paid according to hours worked, and (3) draws no benefits that are commonly available to the regular employees”. The contingent workforce consists of temporary, part-time, independent contractors, seasonal, college interns, and leased workers. Often confusion is present in labeling employees and independent contractors accurately. According to the IRS (2015) an individual is an independent contractor if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done. Under common-law rules, anyone who performs services for you is your employee if you can control what will be done and how it will be done (IRS, 2015).

Businesses use these contracts which allow employers to maximise the flexibility of their workforce to meet demand. Pennycook et al (2013) These types of contracts allow employers

Outsourcing has become an integral part of many organizations today. Outsourcing has its advantages and disadvantages that organizations will have to weigh to decide whether or not outsourcing is the best possible solution to their current problems and business operations. Outsourcing refers to the process of hiring external provider to operate on a business or organization function (Venture Outsource, 2012). In this case, two organizations or businesses enter a contract where there will be an exchange of services and payments. This paper will discuss the possible risks an organization may encounter in outsourcing in relation to the use of an external service

The lengthy recession meant that employers could not afford to keep permanent staff and now they are understandably concerned about committing to full or even part-time contracts. Rodgers, E, (2013). The greater use of zero hours contracts is taking place against a background of falling real wages, high levels of workplace fear regarding redundancy, and unfair treatment for a significant minority, this

There are many more benefits than what’s listed, but these are some of the more compelling reasons why you should hire remote workers.

According to a research, many companies feel that the cons outweigh the pros and that this type of business practice should not be considered anymore. It also can give the persona that a company is trying to cut corners and costs, which in turn, can look cheap. It can take away from the essence of the feel of a company. People want the special touch and do not want to be another face in the crowd. Outsourcing adds more distance between the guest and the

5. Anytime, anywhere, non-territorial offices- telecommuting employees now represent 11 percent of the workforce and the number increases annually 6. Increased emphasis on self-directed work groups and virtual teams- business teams are often run by cross functional teams of peers. You may become part of virtual team whose members are in remote locations who communicate almost exclusively electronically. 7. These trends mean that your writing skills will constantly be on display those who can write clear and concise messages contribute to efficient operations and can expect to be rewarded. 7.

Many employees, especially those of Generation Y, are uninterested and dissatisfied with the traditional 9am-5pm Monday to Friday work routine and exhibit an increasing need for flexible and diversified work (Friedman, 2014). Others, unable to secure full-time employment in the continuously challenging labour market, have turned to freelance work out of necessity. Regardless of the motivation behind freelance work, it is indubitable that this mode of work is rapidly growing in conjunction with the emergence of digital freelance marketplaces. Employees are progressively reshaping their careers with these opportunities by working on a task-by-task basis for different employers concurrently, a trend that has been termed the “gig economy” (Friedman, 2014). The Ernst & Young (2016) report states that globalisation and the fallout from the financial crisis are fuelling the “gig economy”, with a 66% increase of contingent/freelance workers in the past 10 years (Storey, Steadman & David, 2016). As of early 2015, 4.1 million Australians were recognised as part of the Australian “gig economy” which made up 32% of the Australian workforce (Storey, Steadman & David,

work, that means you are more of an independent contractor than a regular employee. Sometimes