Gig economy refers to a free market system in which temporary, flexible jobs takes place. Companies tend towards hiring independent entity on contractual basis or on freelancing instead of full-time employees. Gig economy deprives the traditional economy of full time workers, who rarely change positions and instead focus on a lifetime career.
The major advantage of gig workers is that they get to choose the type and amount of work. Employers benefit in the following ways like :-
On the other hand, full time employees are generally offered incentives whereas gig workers do not usually have this benefit.
GIVING PERFORMANCE FEEDBACK TO GIG WORKERS :-