The rise of the gig economy many forecasters see on the horizon may develop more slowly than expected, according to a survey released by Deloitte LLP. The survey found less than half of the respondents who worked as an independent contractor, 48%, were very satisfied with their experience. Additionally, 67% of respondents who have worked as an independent contractor would choose not to do so again in the future.

The survey also found more than 60% of employed workers said that their stability would suffer if they moved to independent contract work, and 42% worry about sacrificing good compensation and benefits.

Four-in-10 respondents, 41%, recognize that independent contracting offers more flexibility to work where, when and how they want to as compared to full-time employment. However, respondents cite inconsistent cash flow and lack of employer-paid benefits as drawbacks that discourage them from pursuing independent work, with 56% reporting the most important benefit of full-time employment is the steady income.

“In order to achieve business goals, organizations should look to attract all talent pools,” said Mike Preston, chief talent officer, Deloitte LLP. “Organizations should start thinking about the culture they have in place and the experiences they can design for contingent workers.”

There is more on respondents’ minds than financial security, according to the report. Nearly half of respondents said that a company’s culture is “extremely important” in choosing where they want to work. Of those respondents, 53% of millennials and 50% of Generation X respondents noted that culture is “extremely important,” while only 40% of baby boomers said the same.

Despite the challenges, 34% of respondents said they would consider working independently.

“Today’s workforce wants the ability to choose how they work — full-time or contract work,” Preston said. “Regardless of what they choose, they crave a holistic experience that combines good compensation and benefits with a focus on well-being and career development.”

The online survey gathered included responses from nearly 4,000 full-time, part-time and independent contract workers across three generations in 13 major markets around the US — including New York, Los Angeles, Boston and Dallas.