Conventionally, the 

Insurance industry’s hiring strategy focused on full-time employees. But,

the convergence of trends like retirement exodus and Covid-19 layoffs offered an opportunity
for a fresh take on Talent acquisition i.e. "The Gig Economy". We are quite familiar with
services such as Uber, Door Dash where Gig Economy plays a vital role.

According to MetLife’s report, “85% of gig workers are interested in continuing contract
work in the next five years as opposed to a traditional work role.” So now, we have to
consider the gig worker benefit for Insurance professionals as well.

Gig economy helps us to create flexible environments like work-from-home, telecommuting,

meeting the individual person's desires, hiring the consultants with short-term needs for the
Independent Contractors such as Technical, Highly Skilled Insurance Positions, Project
Consulting, Interim Executive Leadership, etc

These alternatives may even turn out to be permanent solution because the time we get to
watch the gig workers in action and solidify the scope of the role is crucial.

According to Great American Insurance, "Approximately 57 million Americans do some type

of work in the gig economy." It has also described the gig economy as an "On-Demand
Workforce."

As it is known, Insurance organizations face huge influxes in workloads at some particular

months of the year; we can use this opportunity to consider gig workers for the roles like
Year-end accounting and finance, Q4 benefits enrollers. We can hire them at reduced
expenses and for a short period of time instead of hiring a permanent employee. The gig
economy is going to be beneficial for both the Insurance organizations and the Insurance
expertise.