Gig work has been on the rise in recent years, as has global hiring. Last year, more employers hiring globally opted to turn to contractors, according to data from global employment platform Oyster’s customers, shared exclusively with HR Brew. Oyster reported a “46% increase in new contractor engagements” between 2023 and 2024. Meanwhile, permanent full-time hires declined by 2% in that same period. Workers historically may have viewed contracting as undesirable because of the burden of paying for their own taxes and benefits, and having less job security than a full-time role. But that might be changing, Marina Farthouat, Oyster’s VP of people, told HR Brew. These days, workers are gravitating to gig work for a number of reasons, according to Farthouat. First, they increasingly see the value of taking on multiple projects at once without being beholden to one company. Second, on Oyster’s platform, these workers tend to have in-demand skills and can charge more as contractors for employers seeking their expertise. And finally, with concerns over layoffs, gig work might be safer to take on than relying on employment from one company. For more on how global gig work is becoming a mainstay for many employers, keep reading here.—PM |