With IR35 now in play, we have a golden opportunity to capitalize on the workforce revolution happening as we speak. Embracing the cultural shift brought the pandemic and now recent legislative change, harnessing the power of technology will not only support flexible work but drive it.
With the previous tax system in place for over 20 years, it’s time for businesses to re-evaluate their relationships with the gig economy. While the perceived implications for large organizations do exist, the real opportunity resides with the gig worker. Maintaining their status will require commitment rather than simply benefiting from working contractually for the same company. Business outcomes will be driven by super-skilled workers whilst simultaneously reducing fixed costs and outputs.
More than ever, dedicated specialists in the gig workforce will be thrust into the spotlight. Businesses need to harness the technology available to maximize productivity and engage this new generation of highly skilled workers. To remain competitive, companies must offer something worth the prospective contractor’s time to the table. Here is where technology can help you bring your A-game.
Embracing the role of technology is essential and by far the most effective way to support and participate in the gig economy. Technology provides clear end-to-end visibility of legislation that has historically been a grey area. Digital will protect those employed, all while benefiting companies to remain compliant under the IR35 regulations.
Cloud-based platforms help identify gig workers, and employers can be confident that they have a compliant, flexible and motivated gig workforce. Using cloud-based work automation and collaboration systems can create solutions for seamless processes and fast decision making. The result? Your business stands head and shoulders above the rest.
What technology such as AI can do is hyper-target at the recruiting and talent management stage. The result is operational efficiency. By streamlining how the best profiles match the skills needed to meet the deliverables of a project. Promoting this when sourcing and engaging contractual talent will improve relationships with the non-permanent workforce.
Promoting the technological progression within a company will not only accelerate productivity but talent demand. Creating a networking ecosystem will foster a sense of collaboration and a hub where the internal and external workforce can thrive. Changing the legacy systems powering industry leaders will streamline decision-making and enhance the human resource processes, thus transforming the relationship with gig workers.
Offering the capacity to enjoy a work-life balance whilst working for a company that embraces gig workers will be essential in building this relationship. The same excellent facilities pitched to permanent workers will be extended at the talent attraction stage. Gig workers will not hesitate in taking their skills elsewhere if businesses fall short. Being able to deliver the benefits and perks with the technology to match will be a game-changer.
With the uptake in alternative work caused by the pandemic and companies navigating the changes brought by IR35, the efficiency and access to global expertise offered by gig workers will fundamentally change the way businesses operate. Technology will support employers and gig workers to benefit from a truly flexible and harmonious way of working.
As our priorities shift and digital capabilities expand, the working world embraces a new iteration of non-permanent labor. The traditional model of gig work has always been one of confinement: viewing gig workers as suitable only for particular industries and treating their skills as lesser than their permanent counterparts. This legislation will unlock the truly specialist workers committed to giving companies the benefit of their niche.
Technology will be at the forefront in driving the best gig workers available around the globe. Not only that, it will deliver the visibility needed to remain compliant. No more grey areas, no more asking what if? As we move forward, this will reflect an obvious yes or no interpretation of whether workers are IR35 compliant, mitigating any stress or administrative burden that may arise.
From the collaborative cloud to harnessing the pool of data from AI, the technology available will support the management of projects and help keep both the permanent and non-permanent workforce engaged and driven. We need to support the way people want to work. Empowering our gig economy with the help of technology is the first step.
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