At CXC Global, we specialise in managing the risks, constraints, and opportunities that are ever-present in the growing gig economy. Using contingent workers works – but it takes some planning to make sure it works on a continuous basis.
Constantin Gurdgiev presented this, and other considerations, at the end of last year at the Globalization & Future of Work Summit, held by CXC Corporate Services (a CXC Global company).
His focus: demographics, and how the systems around which we structure our work, reimbursement, and taxation need to change to accommodate the new way of working.
Human Capital in the Gig-Economy
Human capital-centric growth is overlapping, but distinct from the so-called “Gig Economy”, primarily because of the different definition of what constitutes two respective workforces.
Constantin looks at the three types of gig economy that are emerging and breaks down how these three types are impacted by the varying tax rates, employment laws, and reimbursement structures.
- Gig 1: Includes independent contractors, consultants, and freelancers.
- Gig 2: Includes all Gig 1 workers, temp agency workers, and on-call workers.
- Gig 3: Is our broadest measurement, including all Gig 2 workers and contract company workers.
Why we should be watching the growth of the gig economy:
While we have an issue locking down exact data for this often-unregulated employment sector, Gurdgiev gives us food for thought on how – and why – we should start measuring this sector, and paying attention to its growth.
View the full video:
For any gig-economy-related queries, contact CXC Corporate Services today.
Words by Alison Krumm