How can Singapore companies ensure equality in the gig economy?
WITH the advent of the "gig economy" in Singapore - where conventional jobs are replaced by freelance, on-demand "gigs", or short-term projects - the relationship between employer and employee needs to be completely rethought. Perhaps these terms will even become redundant?
The benefits for Singapore's predominantly young workforce include the ability to enjoy freedom, autonomy, and the prospect of a much-expanded career portfolio that this kind of work provides. Meanwhile, employers get a much more flexible workforce in tough economic conditions.
But this trend could create issues for the workforce, as well as the wider business environment. Last month, the Singapore government announced that it will set up a tripartite workgroup to study the concerns faced by freelance workers, including the lack of income security and savings for retirement.
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