The gig economy

Section 5 : Mitigates legal and compliance risks

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Engaging freelancers presents a distinct advantage over traditional employment arrangements by alleviating entrepreneurs from the burden of statutory deductions, benefits administration, and compliance complexities. As independent contractors, freelancers are responsible for their own taxes and insurance, thereby minimising administrative overheads and legal liabilities for businesses.

Adopting a gig economy model enables you to manage regulatory challenges more efficiently, allowing you to focus on growth initiatives rather than bureaucratic red tape which in turn frees up valuable time and resources to drive your business forward.

 

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