PENSION AND THE GIG ECONOMY

INTRODUCTION

A gig economy is an economic status characterized by temporary contracts and freelancing. The need to cut cost while retaining efficiency has pushed companies to hire independent contractors for part-time roles. In addition, technological advancements and internet access has provided a platform for many individuals to take up multiple part-time role in various organization. Some common examples of gig jobs include; online taxi business, online writing, freelancing online marketing and forex trading.

This article will take a look at the emerging gig economy in the Kenyan space and how it relates to pensions and advise on the appropriate steps to take to cushion the growing gig economy against a potential crisis at retirement.

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