Onbe Survey Reveals Nearly Half of Respondents Believe Freelancers Will Help Companies Survive and Thrive During the Great Resignation

Onbe, a market-leading corporate disbursements platform, revealed the findings of its Great Resignation survey. The company asked more than 650 U.S. workers their thoughts on the Great Resignation and how organizations should respond to protect their remaining workforce and attract new talent. 44 percent of respondents believe hiring freelancers is essential to productivity and preventing burnout among remaining staff.

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“The gig worker or freelancer is poised to play a major role in helping companies staff up and meet their resource demands in today’s economy, and this trend will place new pressures on employers – how to efficiently and cost effectively compensate a workforce where traditional payroll methods don’t apply,” said Bala Janakiraman, CEO of Onbe. “Our survey underscores the need for organizations to create modern, agile disbursement operations that cater to their diverse workforce needs. Companies offering payment choice and flexibility will have a significant advantage in hiring and retaining workers and adapting to shifts in workforce models.”

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Key survey findings pinpoint Americans’ views on compensation and how it can help attract and retain future employees and freelancers:

• 42% of 18–24-year-old respondents and 43% of those over 65 years old believe choice of payment method is important
• 57% of survey respondents were paid bi-weekly and prefer to keep that frequency or change to weekly pay
• And 41% of survey respondents, who identify as freelancers, prefer to be paid weekly or bi-weekly, as opposed to once a month or after a job is completed

The move to a gig workforce is forcing companies to rethink their approach to compensation. Freelancers aren’t typically paid in the same manner or frequency as employees, which means businesses need to process payments outside of their normal workflow – and the larger the freelancer pool, the more one-off payments to be issued. It’s a costly and inefficient model that is wrought with error and places additional burden on human resources and finance teams without the right disbursements program in place. Onbe’s Great Resignation survey shows that freelancers prefer to be paid more frequently and organizations that offer greater payment flexibility will have a significant advantage in today’s world.

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