— companies will increasingly implement retention strategies to keep talented gig workers. This growth will further blur the lines between traditional and flexible workforce models. The future promises a dynamic labor market where gig and permanent workforce coexist seamlessly. expanding gig economy platforms — understanding the gig economy: Explore its flexible nature, benefits, and the challenges it brings to both workers and employers. — rewiring the approach to the alternative workforce. Engaging alternative workers strategically is harder than it looks. To do so, companies have to move beyond “managing” contractors and freelancers to “optimizing” and “leveraging” the alternative workforce deliberately and well. — time for a change in workforce thinking. — globally, gig workers are forecast to contribute nearly $500 billion to the economy in 2024 (statista). Their rise has spawned a colossal ecosystem of digital platforms connecting talent to work. — labor market experts say the number of gig workers is growing, and their alternative working arrangements are rippling through the economy. — the gig economy’s rapid growth signifies a paradigm shift in our society, underscoring the need for businesses, policymakers, and workers to adapt and thrive in this new landscape. The rise in independent workers. — labor advocates have long been concerned about businesses that depend on independent contractors, since those workers aren’t entitled to the rights and benefits that come with employee status,.
