How to leverage the gig economy in the face of recession

By January 2023, 34% of all jobs will be provided by the gig economy according to statistics released in January 2019 (Robert Half)

For years there have been concerns about the casualisation of work and the resulting disempowerment of labour. Recent events during the COVID-19 crises have highlighted the flimsy rights of the casual workforce. In Australia, the recent case of WorkPack Pty Ltd vs Rossato [2020] FCAFC 84  clarified the distinction between permanent and casual employees must be more than just a label. The case won’t help employers struggling with plummeting revenues manage their financial obligations to employees. The increased costs  will inevitably lead to redundancies and a shrinking of the permanent workforce. The latest figures anticipate  15% unemployment rate before things start to improve.

We are heading into a recession, through which company costs will be in the spotlight. Many employers have already started to implement policies to reduce expenses and overheads as well as freezing salaries and pausing all recruitment.

Shift in how businesses work

Organisations will see a shift to the management of remote teams. Outcome-based project work could be the preference to a permanent workforce where transferring skills from one project to another may not be so easy. Finding the perfect set of skills in your ever-shrinking workforce may be a challenge.

The rapid development of the ‘freelancer’ process and platforms over the last decade could be a necessary bridge between the way in which employers operate today and how they will need to work in the future.

At the same time, employers are struggling to deal with discontent within their workforce. Unfair dismissal claims are up by 70% according to Fair Work. Employees are experiencing significant hardship through falling incomes and increased job insecurity. This will inevitably lead to an increase in complaints, grievances and insurance claims -both legitimate and unfortunately fraudulent. On top of all of this, Cyber-security threats have never been higher. The management of risk in every business is paramount.

Traditional methods give rise to Sticker Shock!

Seeking expert assistance in these areas has traditionally meant turning to consulting or law firms, in search of peace of mind, but the ‘sticker shock’ caused by the price of such an approach is not easily absorbed in this time of financial down-turn. As workplaces release their skilled workers as some of their highest costs, the platforms of the gig economy such as Upwork, Comtractor, Freelancer and MyKludo have access to an almost infinite number of experts in any given area and now, finding them is easier than ever before.

Freelancer platforms provide a cost effective alternative

Tapping into expert advice and support through freelancer platforms my be just the ticket and the competitive nature of these marketplaces mean that clients can be assured of attaining the level of service they want at a great price.

MyKludo is a marketplace containing dozens of fully-vetted and insured, independent service providers who are able to provide a range of services to organisations at competitive prices. Skilled practitioners including:

  • Workplace investigators
  • Compliance specialists
  • WH&S experts
  • Risk analysts
  • Cyber-security professionals
  • Mediators
  • Conflict coaches
  • Surveillance operatives
  • Litigation investigators
  • Specialised worker compensation investigators
  • Specialist transport investigators
  • Specialist financial services investigators

The site also hosts a number of organisations and individuals able to provide background checks, security vetting, social medial searches and skip tracing – an invaluable asset when you are collecting on debts!

Not just outsourcing with a new name

Freelancer platforms are not the same as simple outsourcing – after all what is the point of cutting your own overheads just to pay for someone else’s?  Freelancers invariably work from home, with minimal overheads. MyKludo provides end to end case management and finance tools to cut the costs from small businesses without cutting the quality of project management.

Clients utilising platforms such as MyKludo can obtain free quotes from vetted and experienced freelancers. Select the best fit for skills and cost for your business and all the contractual and financial hassles are handled by MyKludo.

It is essential for businesses to optimise its expenses to survive the current crisis and out-perform competitors as we ease into a very uncertain future.  Unless the business specialises in Investigations and risk management, then we are certain that we can significantly reduce your costs in this area while providing high quality and rapid outcomes to ensure that conflicts are resolved satisfactorily and that compliance risks are avoided.

Check out our services and submit a request online or talk to one of our friendly case handlers today to see how freelancers on MyKludo.com can help.

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