The Corvus Magazine 5th Edition | Page 35

The rise of the gig economy is set to alter the recruitment industry. To stay ahead of this disruption, formal organizations need to consider integrating this into their structures. Organizations should leverage technology and digital platforms (Asuqu, Yokebay, etc.) to accelerate the process of recruitment given the huge number of candidates. As more workers turn to this type of employment, there is a need for organizations to leverage their brand name to attract the brightest, top and highly skilled workers before they are take up the conventional jobs because of the benefits it offers such as pension, but simultaneously work in the gig economy despite signing a code of conduct or an equivalent agreement that prohibits it. This set of workers make up what is known as the hybrid workforce as they are of the gig economy but retain their full-time employment. This raises some concerns that should be considered in the drafting and preparation of employee onboarding documents to accommodate such Hybrid employees. This set of skilled workers don’t want to add value to one big organization, they are aware that their skills can also help smaller businesses grow while they enjoy another stream of income. To reduce the risk associated with the gig economy, organizations should adequately classify these workers to avoid worker misclassification - a term used to describe a situation where organizations classify a worker as an independent contractor whereas the person meets the legal definition of an employee. As Rebecca Cenni-Leventhal, Founder and CEO of Atrium Staffing, a staffing and recruitment firm, noted that the word “hire” should not be used to describe the working arrangements with ‘giggers’ to avoid legal actions. Thus, the word ‘contract’ should replace ‘hire’ when describing the gig economy. snapped up by the competition, as more giggers will go for more flexible time, more pay and well-established brands. In a tight talent market, organizations will do well to rethink the way they look at talent acquisition and talent compensation. In the wake of the gig economy, it has become apparent that the best person for the job might not be willing to take up a conventional job. On the other hand, there are those who will To attract gig workers in general, employers need to understand them in terms of who they are, what they are looking for and most importantly, tailor job descriptions to fit them. Gig workers are either attracted by independence, creativity, high pay- outs/handouts (in the case of knowledge- based gigs) or by flexibility and the ability to set their own schedule (in the case of service-based gigs), not just by employee benefits such as pensions. The Gig Economy in Africa: A Focus on Nigeria The Gig Economy: HR and legal implications on formal structures The Sharing Concept: Optimisation over Multiplication In a 2018 research conducted by Payoneer, a financial service firm, where over 21,000 freelancers were interviewed, it was reported that Africa held 10.1% of the world’s freelancers. This indicates that although the pace at which freelancing is growing in African countries is not the 34