The Gig Economy Grows but Employees’ Benefits Lag

America’s workforce is becoming a growing army of part-time workers and freelancers, with many enjoying the flexibility of the gig economy.

The downside for these part timers is many are on shaky ground financially. The do not receive steady paychecks and any benefits they receive are often anemic compared to fulltime workers. Employers seeking to attract and retain the best talent can win the chase for talent by offering better benefits to meet these financial gaps.

A study conducted by the insurance company Guardian estimates that 40 million Americans work part-time, temporary, or seasonal jobs, and this constitutes 25% of the total U.S. workforce. This is double the 13.5% reported in 1968, according to Bureau of Labor Statistics numbers. (read more)