{"id":57869,"date":"2017-06-05T00:00:00","date_gmt":"2017-06-04T22:00:00","guid":{"rendered":"https:\/\/richardvanhooijdonk.com\/blog\/the-gig-economy-bringing-employment-opportunities-to-anyone-with-talent-and-drive\/"},"modified":"2021-03-26T11:10:40","modified_gmt":"2021-03-26T09:10:40","slug":"the-gig-economy-bringing-employment-opportunities-to-anyone-with-talent-and-drive","status":"publish","type":"post","link":"https:\/\/blog.richardvanhooijdonk.com\/en\/the-gig-economy-bringing-employment-opportunities-to-anyone-with-talent-and-drive\/","title":{"rendered":"The gig economy: bringing employment opportunities to anyone with talent and drive"},"content":{"rendered":"<ul class=\"bold-list\">\n<li>What is the gig economy?<\/li>\n<li>Freelancing for a living: a new trend<\/li>\n<li>Digital platforms: an on-demand service economy<\/li>\n<li>New employment strategies attract and keep talent<\/li>\n<li>A double-edged sword?<\/li>\n<li>The labour market of the future<\/li>\n<\/ul>\n<p><a href=\"https:\/\/blog.richardvanhooijdonk.com\/en\/keynote\/the-future-of-work\/\">The future of work<\/a> is changing. Just a few decades ago, people worked the same job until they retired. But globalism, the financial crises of the 2000s and a desire for a better work-life balance have led many to abandon the prospect of long-term employment with a single company. This set the stage for the rapid growth of the gig economy. But the term \u2018gig\u2019 is nothing new. It was first used in the 1920s, referring to a single, paid performance by jazz musicians. Nowadays, though, gigs also refer to short-term jobs in various industries.<\/p>\n<p><iframe title=\"The gig economy: bringing employment opportunities to anyone with talent and drive\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/hYW6-Fv3kBI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<h2>What is the gig economy?<\/h2>\n<p>Sometimes also referred as the freedom economy, the gig economy allows people to work as short-term service providers. The development of technology, especially the ubiquity of the Internet and digital work platforms, makes freelancing easier than ever before. Newly developed business models changed traditional work patterns as well and innovations like the Uber model are proliferating &#8211; providing self-employed workers an opportunity to earn additional income. The possibilities for freelancing are exploding: from selling DIY projects on Etsy, to running errands for others, to writing on Steemit, platforms like Etherium are enabling gig work in nearly any activity people find valuable. Sanjay Sathe, the CEO of the career-coaching platform RiseSmart, emphasised the breadth of the gig economy. \u201cWhere freelancing was most often thought of for creative work (editors, graphic designers, web designers) and contracting was thought of for IT-related positions (programmers, project managers), the gig economy has begun to encompass all types of roles.\u201d<\/p>\n<figure id=\"attachment_32897\" aria-describedby=\"caption-attachment-32897\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-32897 size-full\" src=\"https:\/\/blog.richardvanhooijdonk.com\/wp-content\/uploads\/sites\/4\/2019\/05\/gig-economy.jpg\" alt=\"Two Deliveroo drivers riding bikes on a rainy day\" width=\"800\" height=\"451\"><figcaption id=\"caption-attachment-32897\" class=\"wp-caption-text\">Sometimes also referred as the freedom economy, the gig economy allows people to work as short-term service providers.<\/figcaption><\/figure>\n<h2>Freelancing for a living: a new trend<\/h2>\n<p>The biggest benefit a freelance worker gets is the ability to take as many (or as few) jobs as he wants, balancing work and life. According to the US Census Bureau, in a ten year timeframe, all industries experienced growth in non-employer businesses. And by 2015, 54 million Americans were already involved in freelance work. The European Union also witnessed an increase in short-term work of 45% between 2012 and 2013. Much of the growth of the gig economy has to do with the fact that independent gig workers are only paid for the service: businesses don\u2019t typically provide benefits of any kind. This has proven to be a boon for companies willing to hire freelancers, and Facebook, IBM, and BBC Worldwide are among those consistently looking for gig workers.<\/p>\n<p><iframe title=\"Poor worker conditions power gig economy | FT Alphaville\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/zNLXqvPk2tU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<h2>Digital platforms: an on-demand service economy<\/h2>\n<p>The gig economy is evolving quickly as tech advances fuel change in the world of work. Today, numerous digital platforms provide an efficient marketplace of talent, simplifying communication between employers and job seekers. According to Gregg Fisher, a managing partner at The Stem, a consultancy specialising in customer engagement and digital transformation, \u201ccompanies facing an in-house shortage of skills will increase their reliance on \u2018networked\u2019 professional service firms to efficiently source specialised independent talent to tackle a number of business challenges.\u201d The fact that more \u2018traditional\u2019 workers have expressed a desire to be the part of the independent workforce means that many more might soon turn to digital platforms to search for work.<\/p>\n<h2>New employment strategies attract and keep talent<\/h2>\n<p>The gig economy is also set to change human resource practices, pushing companies to adopt less traditional employment strategies. Competition works both ways: workers compete for gigs, but companies compete for talent, too. As a result, many employers offer flexible working hours and evaluating employees on their productivity, creativity, and efficiency rather than the time they spend at work.<\/p>\n<p>The gig economy is reshaping the way we work by cutting the \u2018umbilical cord\u2019 that used to tie employers to their offices. In fact, Diane Mulcahy, the author of The Gig Economy, told the Harvard Business Review that \u201cnot one study suggests that working in an office eight hours a day, five days a week maximises employee productivity, satisfaction or performance.\u201d Being tied to a desk, then, has nothing to do with work and everything to do with old systems of control. And McKinsey\u2019s insists that employees who aren\u2019t office-bound exhibit \u201chigher levels of satisfaction and greater productivity.\u201d This makes sense, since remote work eliminates time wasted on commutes, lowers stress, improves satisfaction and leaves more time for real productivity.<\/p>\n<h2>A double-edged sword?<\/h2>\n<p>Even though gig work allows people to set their own schedule and choose a job according to their preferences, this freedom comes at a cost. Since gig workers are considered self-employed, they don\u2019t receive the usual benefits; they can\u2019t unionise, lack a legal right to pension and health benefits, and typically can\u2019t claim sick pay or parental leave. Low wages are also a problem.<\/p>\n<p>You\u2019re probably familiar with the complaints of <a href=\"https:\/\/blog.richardvanhooijdonk.com\/en\/blog\/ubers-logistical-revolution-not-self-driving-tech-set-disrupt-long-haul-trucking\/\">Uber drivers<\/a>, whose pay and work conditions have been compared by The Guardian to the abuses of the Victorian era. \u201cEarnings were barely sufficient to sustain existence, hours of labour were such as to make lives of workers periods of ceaseless toil; and conditions were injurious to the health of workers and dangerous to the public.\u201d Working independently can mean having a hard time making ends meet. Since most gig workers are paid for a job done, their wages are usually lower than those paid by the hour. For instance, food delivery service, Deliveroo, pays \u00a33.75 per delivery. At this rate, it can be impossible to earn a living wage.<\/p>\n<p>Abuses of gig workers are common as well as they enjoy little legal recourse against their employers. These and other complaints by workers are pressing governments the world over to rethink gig employment and the legal expectations that come with it. For instance, the government of the UK ordered Deliveroo to increase its wages to \u00a37.70 an hour and legions of lawsuits have been filed against Uber.<\/p>\n<h2>The labour market of the future<\/h2>\n<p>Driven by technology, globalisation and the desire for more control over work, the gig economy is reshaping the world of work. While searching for a better work-life balance, workers are moving from traditional jobs to those offering greater independence. Despite its flaws, the gig economy is changing the future of work, bringing employment opportunities to anyone with talent and drive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the gig economy? Freelancing for a living: a new trend Digital platforms: an on-demand service economy New employment strategies attract and keep talent A double-edged sword? The labour market of the future The future of work is changing. Just a few decades ago, people worked the same job until they retired. But globalism, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":63820,"parent":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[5374],"tags":[4218],"article-type":[],"trends":[],"class_list":["post-57869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-work","tag-future"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The gig economy: bringing employment opportunities to anyone with talent and drive - Richard van Hooijdonk Blog<\/title>\n<meta name=\"description\" content=\"Learn What The Gig Economy Is All About And How It Reshapes The World Of Work. Is It A Double-Edged Sword? 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