The Rise Of Gig Economy

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A gig economy is an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements. Digitization plays a commendable role in the rise of gig economy for it has globalized boundaries. Now, freelancers can select among temporary jobs and project around the globe, thus benefit the employers as well, who get the best-fitted person for their job. Freelancers can improve their work-life balance that is usually hard to do with normal jobs. It allows workers to be flexible and have a variety of jobs which adds up on to their CVs. Gig economy helps avoid expenses on various resources, office space, training, etc. They can also cut off high maintenance staff and save up. Thus, gig economy is beneficial to both, the employees and the employers. The gig economy is a part of shifting cultural and business environment that also includes the sharing economy, the gift economy and the barter economy.


Here is a list of the highest paying jobs in the gig economy:
1) Delivery Truck Drivers
2) Multimedia Artists
3) Carpenters
4) Technicians
5) Accountant
6) Managing Analyst
7) Software Developer
8) Web Developer
9) Interpreter/Translator 
10) Therapist

Other than these chefs, waiters, cleaners, bartenders, etc are also landing themselves in these short-term jobs. The trend toward a gig economy has begun. It is taking traction as employers and workers alike look for more flexibility. LinkedIn noted that the number of freelancers on its site increased by 50% in the last five years as it aimed to be connecting gig workers to companies based on requirements. Gig economy is basically creating business ecosystem that brings right competence when needed. A study by Intuit predicted that by 2020, 40 percent of American workers would be independent contractors. The number of people working for short-term on digital platforms rose from 3.3 million in 2015 to 3.7 million in 2016. It is expected that this number will rise to 9.2 million in 2021.

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