Bjorn Reynolds
Chief Executive Officer & Chief Guardian at Safeguard Global
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The #gigeconomy trend is quietly disrupting traditional payroll as we know it.Companies are increasingly using non-permanent workers for key roles and projects. But payroll hasn't quite caught up to this new reality of the "future of work."How should payroll evolve to handle these different worker types? There are tax, compliance, and process implications that most companies aren't prepared for. And progressive payroll teams need to start mapping out solutions now. The ability to pay and manage a blended workforce under one roof will soon be a competitive differentiator—if it isn’t already.
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THE GPPT
2mo
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Thank you for this important insight. The #GigEconomy is indeed changing how we approach payroll. At THE GPPT (The Global Payroll Professional Training), we see the need for payroll systems to adapt to this new reality.To handle a blended workforce, payroll teams should focus on:Staying Compliant: Knowing the tax and compliance rules for both permanent and gig workers is essential. Proper training can help with this.Using Flexible Systems: Payroll systems should be able to handle different worker types and payment structures. Real-time payments and varied compensation models are key.Planning Ahead: Payroll teams need strategies that address the gig economy's complexities. Keeping up with regulatory changes and designing accurate processes are crucial.By focusing on these areas, companies can turn the challenges of the gig economy into advantages. Let's prepare our payroll teams for the future.#PayrollEvolution #FutureOfWork #GigEconomy #Compliance #THEGPPT #PayrollTraining
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Ian Giles
Fractional Global Payroll & People Leader, Strategist & Advisor
2mo
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Adapt and overcome, heads out of sand time because it’s not going away… With 5 generations in the workforce, all with differing needs and demands, its a must to survive… Unless you think one of those generations is J for Jurassic.
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Steffan Surdek
Elevating Executives Through Co-Creative Leadership
2mo
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I can relate to this, as I small business owner, part of my team are full-time employees, another part are part-time freelancers with who I've built solid working relationships and we've been working together for years. My business would not be the same without their contributions.
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Harsh Johari
I help ambitious leaders build strong Executive Presence so that they get rapid career growth and coveted CXO roles I Executive & Leadership Coach I Learning and Development | Training | Talent Management
2mo
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You're absolutely right. The gig economy is throwing a wrench into traditional payroll systems. It's not just about processing payments anymore; it's about becoming a strategic partner in attracting and managing a diverse workforce.
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Nathan North
Leading Global Payroll Innovations | Global Payroll Advisor | Board Member |
2mo
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Thank you for posting this insight post. 💡
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Maneesh Kumar Dora
University of Delhi | Certified Human Resources Manager
2mo
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I agree!
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