This is especially important for certain industries such as: Forbes writes that gigs provide millennials the coveted work-life balance they’re seeking, whereas Boomers see gigging as a way to gain freedom while making ends meet.įor employers, using nontraditional hires in the workforce means they can quickly add new employees or scale back to match the fluctuating demands of the market. Part of the gig economy’s broad appeal is that it benefits both employees and employers. This figure is up 25% from the last study done in 2005 by the Bureau of Labor Statistics. have participated in some form of gig work in 2018. They also report that a total of 36% of workers in the U.S. This includes 24% full-time workers and 49% part-time workers. workers’ primary job is part of the gig economy. According to Gallup’s recent survey (2018) they estimate that 29% of all U.S. What do these people have in common? They’re all examples of workers who are part of the gig economy workforce.Īccording to Gallup, they define a gig work arrangement to include independent contractors, online platform workers, contract firm workers, on-call workers and temporary workers. A college student works part-time weekends shoveling snow. A stay-at-home mom works as a virtual assistant for $25.00 an hour. What is the Gig Economy?Ī teacher works part-time as a barista and earns an extra $500 a month. On the flip side, HR leaders use gigsters to scale up or down their workforce according to seasonality, workflow, project and customer demands.Īs a business leader, you should familiarize yourself with the increasingly popular gig economy and the potential benefits you could reap if you jump on board. Whether by need or choice, many employees are taking advantage of the gig economy to cobble together a livelihood from a variety of income sources called gigs. Whether you call them gigsters, temporary workers, contingent workers, freelancers or independent contractors, the gig economy meets the needs of both employees and employers.
From hospitality and event management, to retail and construction, to food and beverage industries, staffing solutions are evolving to meet the requirements of a new breed of employees.
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