Our Blog: Stuff we think you should know

An Introduction to the Gig Economy

An Introduction to the Gig Economy

Business owners have a lot of trouble finding top talent--especially some that are limited by certain geographical factors. Rather than go all-in on finding the much-coveted full-time job, many professionals are instead opting to provide expertise as a service. This is essentially freelancing, and the number of workers who partake in this “gig economy” has increased substantially. It has quickly become the norm for a lot of organizations.

A Brief History of Temporary Workers
Temporary workers and staffing agencies are nothing new. They originated in the 1950s as a way to help women who had worked during the war find jobs once the war-related ones fizzled out. Employers were able to find workers to help them manage their responsibilities, and they wouldn’t have to risk firing workers and not being able to find replacements on short notice. It also meant that employers wouldn’t have to fill out the paperwork for new hires or be responsible for employee regulations. This trend continued through the late-20th century, making employment agencies a completely normal way of finding employment. Unfortunately, this also meant that certain workers who were no longer protected by federal mandates found themselves dependent on market trends in order to find work.

As these markets grew larger, there became a higher demand for workers in these markets. The Internet allowed some services to flourish, making it easier for workers to work remotely; this gave freelance professionals more opportunities to find work. There are now over 150 million workers in North America and Western Europe alone that are fulfilling their own paychecks, providing services or working as consultants.

The Makeup of the Gig Economy and Why They Do It
Multiple generations of workers, including millennials, Gen Xers, and Baby Boomers take part in the gig economy. Some older workers who get laid off or suffer from medical issues find that freelancing can help them with their working issues, but millennials prioritizing a work-life balance find that the flexibility works well for their schedules.

The autonomy enabled by the gig economy gives workers the ability to take employment into their own hands while they look for more traditional work (if they actually are looking). This comes with the risk of not having a regular job, which has led some gig economy workers to join placement companies who find them work. Overall, the gig economy gives talented professionals the opportunity to find work on their own terms.

How Do Gig Workers Get Jobs?
The Internet is the best asset a gig worker can ask for, as it gives them access to applications, website-based bids, and word of mouth. Even companies hire freelancers from time-to-time if they don’t want to onboard another salaried employee for a position. Unlike temporary work, however, the workers in the gig economy generally aren’t looking for a full-time job, which means finding a consistent worker might be more challenging than expected.

Companies that rely on contracted work often find that the costs associated with temporary workers is far less than hiring full-time employees. This comes with the downside of protections for gig workers being non-existent. Thus, the importance of knowing what makes up the workforce remains, as well as understanding how your workers are being compensated.

How has your business been impacted by the gig economy? Let us know in the comments.

Tip of the Week: How to Use PEARS to Mitigate Your...
A Brief History of Microsoft Word
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Thursday, April 25 2019

Captcha Image

Mobile? Grab this Article!

Qr Code

Tag Cloud

Tip of the Week Security Best Practices Technology Cloud Privacy Business Email Hackers Malware User Tips Computer Business Computing Microsoft Google Hosted Solutions Network Security Internet Productivity Software Tech Term Mobile Devices Efficiency Communication IT Services Backup Hardware Data Small Business Workplace Tips Windows 10 Smartphone Ransomware Android IT Support Microsoft Office Saving Money Productivity Business Continuity Cloud Computing Managed IT Services Data Recovery Browser Data Management Office 365 Facebook Data Backup Server Users Internet of Things Upgrade Word Innovation Windows Gmail Managed IT Services Windows 10 Smartphones Disaster Recovery Phishing Social Media App Outsourced IT Passwords Mobile Device communications Artificial Intelligence Vulnerability Cybersecurity Managed Service Provider VoIP Business Management Remote Monitoring Encryption Employer-Employee Relationship Network Chrome IT Support Big Data Miscellaneous Tip of the week Money Spam Managed Service Website Information Government Applications Save Money Infrastructure Office Tips BYOD Apple Hacker Content Filtering Analytics Display Bandwidth Avoiding Downtime Maintenance YouTube Virtual Reality The Internet of Things Virtualization Tablet Education Paperless Office Robot Risk Management Employee-Employer Relationship Wireless Printing Antivirus Automation Access Control Router Customer Service Firewall Settings IT Management Two-factor Authentication Data storage WiFi Business Intelligence Office Quick Tips Scam Wireless Technology Outlook Gadgets Monitors Search Recovery Company Culture SaaS Solid State Drive IBM Networking Mobile Device Management Administration Operating System HIPAA Holiday End of Support Unified Threat Management Hard Disk Drive VPN Customer Relationship Management Data Security Wi-Fi Computing Data loss Business Technology Laptop Password Development Apps Google Drive Augmented Reality Chromebook Mouse Vendor Management Virtual Private Network Hacking Safety Server Management Mobile Security LiFi Computers Document Management Touchscreen Storage Downtime Retail Presentation Telephone Systems Hosted Solution Cybercrime Multi-Factor Security Mirgation Websites Identity Theft Voice over Internet Protocol Undo Entertainment Microsoft Excel Star Wars Legal Desktop Address IP Address Alt Codes Dark Data Training Marketing Shortcuts User Error Dark Web Nanotechnology Drones Spying Uninterrupted Power Supply Patch Management Staff Optimization Application Streaming Sports Cyber Monday Social Networking Going Green Automobile Social Engineering Analysis Employee-Employer Relationships Bluetooth Knowledge Language USB G Suite Mobile Office Google Calendar Chatbots Social FinTech iOS Blockchain Cost Management Troubleshooting Corporate Profile Typing Security Cameras VoIP Net Neutrality Screen Reader Printer Wearable Technology Recycling Human Error How To Smart Technology Motherboard Students Experience Unified Communications Computing Infrastructure Dongle Deep Learning Humor Running Cable Legislation Identity Hacks MSP Scalability IT service Heating/Cooling Permissions Assessment Remote Computing WannaCry Cryptocurrency Managing Stress Hard Drives Managed Services Time Management Virtual Desktop FCC Smart Tech Update Budget PowerPoint eWaste Device Firefox Buisness Distributed Denial of Service How To Cabling Alerts Service Level Agreement Bring Your Own Device sip Lithium-ion battery Comparison Digital Payment Migration BDR Servers IT solutions Fraud Internet Exlporer LED SharePoint Bitcoin Politics Network Congestion Cables Refrigeration Laptops Network Management Title II Connectivity User Onboarding Continuity Mobility Techology 5G Managed IT Service Modem Information Technology Collaboration Slack Public Speaking Managed IT Licensing Best Practice telephony Digital Lenovo Halloween Specifications Compliance Writing Charging Competition Google Maps Cortana Value Google Docs Smart Office Co-Managed IT Downloads IT Technicians Windows 8 Tech Support Wires Software as a Service Fun Online IoT Digital Signage Mail Merge Computer Care Solar Print Toner Unified Threat Management Break Fix Cookies Google Wallet File Sharing Monitoring Disaster Shortcut Cooperation Business Growth Spyware Superfish Scary Stories Black Friday Regulations Current Events Messaging Statistics Hotspot Professional Services Samsung Work Content Black Market Point of Sale Law Enforcement Travel 3D Printing CrashOverride Notifications Botnet Supercomputer Twitter Gadget Staffing Motion Sickness Unsupported Software Personal Information Administrator Crowdsourcing Taxes Emergency Machine Learning IT Budget Web Server Printers GPS Mobile Data Computer Repair Domains IT Consultant Relocation Processors Cameras Tracking Meetings Cleaning Health Mobile Computing Private Cloud Windows 7 Alert CCTV Emoji Webcam Physical Security Work/Life Balance Electronic Medical Records Upgrades Error Regulation