The Balance Blog

More Americans than ever are choosing gig work, with over 60 million individuals participating in freelancing or independent contracting. With this explosive growth comes the significant challenge of paying gig workers efficiently and reliably.

Keeping great employees isn’t easy, especially in competitive industries. Losing a valuable team member comes with a hefty price tag as studies estimate that replacing an employee can cost anywhere from half to twice their salary. So, what makes employees stay?