Freelance workers could make up 50% of the UK workforce by 2020 ©123RF
Freelance workers could make up 50% of the UK workforce by 2020 ©123RF

Procurement's role in the gig economy

6 October 2017

With the gig economy growing, procurement needs to be aware of various employment statuses, in order to mitigate risk and add value

Logging into an app to hail a taxi, order a takeaway or manage our money is something many of us now do almost without thinking. Would you do the same to find work? An increasing number of people are – and some of them are working in your business. In the words of Matthew Dickason, global managing director of Hays Talent Solutions: “The emergence of app-based employment models is radically changing the employment market.”

Between 2008 and 2016 the number of freelancers in the UK increased by 43%. Self-employed people now make up around 16% of the UK workforce. Perhaps no surprise then that a study by Deloitte found some large companies estimate up to 30% of their procurement spend goes towards contingent workers.

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