Bosses and workers need to mind the gaps in the gig economy
With the rising wave of independent contractors, employers need to be aware of the pitfalls of misclassifying such workers, and workers need to ensure that their rights are protected.
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THE human capital landscape has evolved much from what it was a decade ago. With digital technology redefining the nature, form and structure of work and employment, we are seeing the rise of the gig economy across markets, including Singapore.
In a gig economy, individuals who function as freelancers or independent contractors are hired for specific skills as and when required. Such an arrangement allows companies to reduce the costs associated with the traditional employee set-up, and empowers individuals to manage their time and income opportunities.
As with any new trends, there often arises risks that need to be addressed.
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