HR in the Gig Economy What is the Gig Economy? At the dawn of the 2010’s, the world saw a rapid increase in the development of new technologies that changed the world as we knew it. Organizations across all industries started to leverage upon this technology to drive their business further forward into the 21st century. This has not only brought about opportunities for businesses, but for individuals too.In the US alone, nearly 16.5 million people are working in 'contingent' or 'alternative work arrangements'. Increments in such sorts of working arrangement have given rise to what we now know as the Gig Economy. With the Gig Economy, Human Resource processes that have served companies for decades have to be altered. Increasingly, the world economy is highly susceptible to external factors, for instance, COVID-19. Situations like these have forced businesses to reconsider their operations and as such has caused many organizations to look toward newer, mobile technologies to survive adverse working environments. Undoubtedly, there is a new need for greater, and more efficient management of resources and without proper preparation, a once successful company may get left behind in this new digital and on-the-go age of the Gig Economy. What does this mean for HR Operations? Efficient Attendance Tracking As the world continues to digitalize, gone are the days of manual data collection and storage as more companies look towards newer and more innovative measures such as biometrics. This means no more punch-cards, no more sign in-and-out sheets and a reduction in unnecessary administration work. This additionally helps companies reduce their carbon footprint, as consumers and stakeholders grow more concerned about measures of sustainability. At QuickHR, we use our own state-of-the-art Biometric system for attendance tracking, overtime calculation and monitoring store traffic. With the Gig Economy, many employees are working from home or off-site. Manually documenting all these is tough, not to mention a waste of paper, time and other resources. By using a Biometric facial recognition device no matter where employees are working, all data collected will automatically be transferred into the attendance & scheduling function in a HR System, fully integrated with other functions such as leave and claims. Consequently, this means a more efficient way of working, both for general employees, managers and HR staff. Such a method of tracking employee attendance is undoubtedly the way to go to keep up with the fast-paced business world of the Gig Economy. Flexible Payroll Systems In 2020, it was reported that there were 211,000 Gig workers in Singapore, up from 200,000 in 2016. Additionally, 80% of individuals from this group indicated that freelance work was their primary source of income. This suggests that slowly but surely, the popularity of traditional work is on the decline.As a consequence, running payroll will no longer be a straightforward process as a

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HR in the Gig Economy
What is the Gig Economy?
At the dawn of the 2010’s, the world saw a rapid increase in the development of
new technologies that changed the world as we knew it. Organizations across all
industries started to leverage upon this technology to drive their business further
forward into the 21st century. This has not only brought about opportunities for
businesses, but for individuals too.In the US alone, nearly 16.5 million people are
working in 'contingent' or 'alternative work arrangements'.
Increments in such sorts of working arrangement have given rise to what we now
know as the Gig Economy. With the Gig Economy, Human Resource processes
Payroll Expense claims Time attendance Childcare leave
eleaves ATS Shift scheduling Family care leave

2. Home Resources Contact us Free trial
that have served companies for decades have to be altered.
Increasingly, the world economy is highly susceptible to external factors, for
instance, COVID-19. Situations like these have forced businesses to reconsider
their operations and as such has caused many organizations to look toward
newer, mobile technologies to survive adverse working environments.
Undoubtedly, there is a new need for greater, and more efficient management of
resources and without proper preparation, a once successful company may get
left behind in this new digital and on-the-go age of the Gig Economy.
What does this mean for HR Operations?
Efficient Attendance Tracking
As the world continues to digitalize, gone are the days of manual data collection
and storage as more companies look towards newer and more innovative
measures such as biometrics. This means no more punch-cards, no more sign in-
and-out sheets and a reduction in unnecessary administration work. This
additionally helps companies reduce their carbon footprint, as consumers and
stakeholders grow more concerned about measures of sustainability.
At QuickHR, we use our own state-of-the-art Biometric system for attendance
tracking, overtime calculation and monitoring store traffic. With the Gig Economy,
many employees are working from home or off-site. Manually documenting all
Payroll Expense claims Time attendance Childcare leave
eleaves ATS Shift scheduling Family care leave

3. Home Resources Contact us Free trial
these is tough, not to mention a waste of paper, time and other resources. By
using a Biometric facial recognition device no matter where employees are
working, all data collected will automatically be transferred into the attendance &
scheduling function in a HR System, fully integrated with other functions such as
leave and claims.
Consequently, this means a more efficient way of working, both for general
employees, managers and HR staff. Such a method of tracking employee
attendance is undoubtedly the way to go to keep up with the fast-paced business
world of the Gig Economy.
Flexible Payroll Systems
In 2020, it was reported that there were 211,000 Gig workers in Singapore, up
from 200,000 in 2016. Additionally, 80% of individuals from this group indicated
that freelance work was their primary source of income. This suggests that slowly
but surely, the popularity of traditional work is on the
decline.As a consequence, running payroll will no longer be a straightforward
process as a result of increased arbitrary and complex working arrangements.
With more workers on the go, HR may need to run payroll for many kinds of
workers – daily-rated, shift-rated or on a per-month basis.
As a result of the changing landscape with regards to work scheduling, HR
managers would have a tougher time calculating and processing the salaries of
workers, which heightens the risk of leaving employees with improperly issued
salaries.
Payroll Expense claims Time attendance Childcare leave
eleaves ATS Shift scheduling Family care leave

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This would lead to unsatisfied employees while also causing additional
contributions such as income tax and CPF to be made more complex. This has
resulted in many companies turning towards various forms of flexible e-payroll
systems like QuickHR .
Such systems have many multi-faceted features which allow for multiple pay-runs
to be punctually and accurately processed regardless of employment type, while
also possessing automatic inclusion systems for a smooth CPF and IRAS
submission.
Possessing such features, payroll runs will be made all the smoother to quicken
operations about the workplace.
Inevitably, with the rise of the Gig Economy, companies are seeking more efficient
methods of managing payroll runs and salary issuances.
This reduces time spent on lower-level operational HR activities such as data
entry, and frees up time for the HR team to focus on more strategic planning to
grow the business, especially important in this age where business conditions are
highly volatile.
Robust Hiring Processes
In this economic downturn, many companies have frozen or reduced hiring
greatly. This has resulted in a greater number of applications for each job role. In
addition, in recent years there has been a reduced emphasis on formal
qualifications, and a match of work experience, with a greater focus on soft skills
of candidates . How then, can you still efficiently sort through candidates to find
Payroll Expense claims Time attendance Childcare leave
eleaves ATS Shift scheduling Family care leave

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one who will be a great addition to your team?
To aid your recruitment efforts, there is a need to utilise a quickfire, yet accurate
and consistent method of hiring the best applicants via Applicant Tracking
Systems , (ATS).
ATS are now more important than ever, with robust features that can help filter for
the best hires possessing the most relevant skillsets and qualifications.
Once these applicants are selected and hired, ATS make the onboarding process
easy, automatically transferring all necessary data to an organisations’ employee
database. Efficient and quick, these systems are equipped with the necessary
facets to simplify the onboarding process.
In the Gig Economy where everyone is on the go, organizations are always on the
lookout to snatch up the best talent to empower themselves via a more skilled
and effective workforce.
Thus, it is necessary to take action now and utilize an ATS, like QuickHR’s, to
maintain a strong market position amidst uncertain nature of business
environments.
Going with the Gig
The changes brought about by the Gig Economy have unquestionably
revolutionized the way the business world operates. As the world continues to
move away from traditional operations, Human Resources also has to move with
the times and adopt the newest trends and technologies to drive their business
further forward.
Payroll Expense claims Time attendance Childcare leave
eleaves ATS Shift scheduling Family care leave

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It is only by embracing change can they truly maintain a competitive edge.
In preparing for the Gig Economy, do consider QuickHR, an award-winning HRMS.
With a biometric system for attendance tracking, flexible payroll and a robust
applicant tracking system, you'll be able to automate your HR processes and the
let the software do the heavy lifting thus allowing you to focus on the things that
truly matter.
Once again, we hope that you've enjoyed a good read. And remember, Think Now,
Think Far, Think QuickHR.
* Get in touch with us at https://quickhr.co/ to find out more about our state-of-
the-art HRMS solution!
Payroll Expense claims Time attendance Childcare leave
eleaves ATS Shift scheduling Family care leave