Gig Economy – A Conceptual Introduction


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 :-

  1. Flexibility 

  2. Expertise 

  3. Cost saving

  4. Source employees

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 :-

Fee