The gig economy is becoming increasingly popular. It is a free market system in which workers are primarily engaged in temporary work on a freelance basis as opposed to full-time work on a permanent basis.
Increased digitization has contributed to the furthering of this trend. According to a research report by Intuit, the gig economy is estimated to constitute about 34% of the current workforce, which is expected to increase up to 43% by the year 2020.
Retaining workers in such a dynamic market is increasingly becoming a challenge for the organizations. Here are five best practices that can be used for retaining talent in the current gig economy.
