Are Your Audit Initiatives Keeping Up with Today's "Gig" Economy?
Why a Contract Compliance Audit May Be Your Best Line of Defense
In today’s “gig” economy, it’s the norm for companies to rely heavily on a growing stable of freelancers, temp workers and independent contractors. In fact, a recent report1 from analysts at Ardent Partners shows nearly 4 out of every 10 workers hired by businesses today are gig workers and not permanent employees. This contingency workforce is becoming a fixture in a wide range of organizations and functions—from call centers and IT support to warehouses, construction teams, oil fields and more. The firm Staffing Industry Analysts estimates that use of on-demand, contingent workers represent $3.5 trillion in annual spend.2 That’s a lot of money. And it’s why corporate buyers work hard to negotiate contracts with beneficial terms. But are you certain you’re actually getting those negotiated benefits?