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Rest easy, gigsters: Someone is thinking about you, starting with governments around the globe that out of nowhere appear to be aware of how big of a deal gig work has become in the previous 10 years. The February 2020 Gig Economy Tracker , powered by Tipalti, analyzes recent trends and features in the mushrooming gig belt, which will involve approximately 75 million Americans before the current year-end. Put another way, which is closing a large portion of the U.S. workforce. It's also changing long-held definitions of "workday" and "payday" as gig work (and gig workers) proliferate. A great part of the gig economy talk nowadays has to do with California's Assembly Bill 5 - referred to just as AB5 - which is basically driving large gig economy players like Uber to begin treating their gig workers more like colleagues and less like extra cogs in a machine. Hiring On-Demand Consultants and Advisors as the Gig Economy Matures Gig Economy Image source...

5 Ways the Gig Economy Affects Small Businesses 1. Recruiting an on-demand workforce As gig work goes mainstream, many independent companies are recruiting individuals to perform fewer, but more specific errands. By hiring employees on a project-to-project basis, small companies will open their business to a wide pool of on-demand talent while liberating themselves from the commitment of long-term employment. 2. New considerations for legal compliance Most gig workers are viewed as self-employed entities — not employees. Entrepreneurs need to understand the legal distinction between the two and classify laborers accordingly. Employees and self-employed contractors are taxed differently. So organizations could wind up in legal hot water if a mistake is made. We suggest consulting a lawyer if there's any confusion. In any case, as a general guideline, the more limitations put on a contract worker, the more likely they are to be an employee. 3. Less overhead, more money in y...