Business

How Singapore’s SMEs can benefit from the rise of the gig economy

How Singapore’s SMEs can benefit from the rise of the gig economy

In March 2017, Manpower Minister Lim Swee Say noted that there were 200,000 freelancers in Singapore, accounting for about nine per cent of the workforce. While most people think of Grab or GoJek drivers, or insurance agents, the pool of these freelancers includes a much wider range of talent. From photographers to web designers and copywriters, this large mix of freelancers can provide vital support elements in the growth of local Small to Medium Enterprises (SMEs). In particular, the advantages freelancers provide to SMEs include: Wider talent pool without adding to payroll Interim measures Test before hiring Freelancers can provide wider industry insights 1. Wider talent pool without adding to payroll Singapore SMEs are benefitting from a wide range of talent without adding to payroll costs, by working with freelancers.A common challenge facing SMEs is manp ...

Close