croom new

Eclipse Integrated Systems Blog

What Exactly is the Gig Economy?

What Exactly is the Gig Economy?

For the business owner, it can sometimes be a struggle to find the right talent to fit in with your existing staff. Today, more individuals are forgoing the stability of a full-time job and contracting their expertise out as a service. With the amount of freelancers growing by the day, we’ll take a peek at the Gig Economy (as it’s called) and how it has become the new normal.

A Brief History of Temporary Workers

Staffing agencies have been around for the better part of a century. The first staffing agencies were created in the 1950s to help women, who had been working during the war, to find part-time jobs once all of the war-related jobs were phased out. For the employer, it was a win-win, not only were they able to bring in a worker to meet the organizational responsibilities, they could fire this worker at any time, and were largely exempt from all the other issues that new hires often present, such as paperwork or employee regulations.

The fact that most of the temporary workers in the mid-20th century were women working in clerical positions changed as neoliberalism started to diminish the welfare state. This huge shift made temporary work through employment agencies a completely normal way to go about getting a job. Workers, once protected by various federal mandates, increasingly found themselves in or out of demand depending on the market trends.

As some of these markets began to grow more rapidly, there was a higher demand for workers. With Internet-based services launching, making it simpler for workers to work remotely, the amount of freelance or temporary workers has increased exponentially. Once a relative rarity, today there are as many as 150 million workers in North America and Western Europe alone that are controlling their own work destiny, by offering their services to businesses as outside consultants. The ever-increasing number of freelancers make up the Gig Economy.

The Makeup of the Gig Economy and Why They Do It

Surprisingly, it isn’t just millennials working freelance jobs. While many more millennials choose to be freelance workers, there are a lot of Gen Xers and Baby Boomers in the Gig economy. Many of the older workers state that they started working freelance after being laid off or suffering from some sort of medical ailment, rather than by choice. Millennial workers, who are well known to prioritize a work-life balance, work freelance to keep the inherent flexibility in their schedules.

Many gig workers find that the autonomy provided through their self-employment would sour their prospects of looking for traditional work. Some, however, simply do it as a subsidy for their regular job, or as a way to earn money whilst between jobs. Since the work comes with some risk, that is not having the stability that comes with holding a static job, many of the growing amount of gig workers tend to join placement companies who, for a small percentage of their take home pay, actively find these workers jobs.

The overarching sentiment from gig workers is that, there is a demand for experienced and proficient workers, and by being able to control how much and for whom they work gives them a lot more flexibility to achieve other goals, while still receiving enough money from the work to be able to financially support their lifestyles.

How Do Gig Workers Get Jobs?

Gig workers typically find work through the Internet, whether it be through apps (Uber, Instacart, Handy, etc.), through website-based bids, or through word of mouth. Companies of all types are constantly searching for the right fit, and to do so, are relying on other Gig Workers to build interfaces designed as a kind of freelance lineup where they will pick their workers for certain jobs. Unlike temp work in the past, however, the workers aren’t really looking for a full-time job, so finding a consistent worker may be a bit more difficult than your average business owner may realize.

Companies that rely on contracted per-job workers are finding that many of the costs associated with having full-time employees are reduced substantially by using gig workers. If there is a prevailing complaint that gig workers have, it’s that they don’t have the protections that full-time workers have. As a result, policy makers have been tasked with trying to first determine how these workers are working (full-time, by contract, part-time, etc.) and how are they being compensated.

Has your business started the process of using some of these millions of gig workers to fill in the gaps of your company? Do you find it to be a cost-effective resource of satisfactory talent, or a risky investment? Leave your thoughts in the comments.

Tip of the Week: Manage Your Notifications
Is Bandwidth More Affordable with Corporate-Contro...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Wednesday, April 24 2019

Captcha Image

Mobile? Grab this Article!

Qr Code

Tag Cloud

Tip of the Week Security Technology Best Practices Privacy Business Computing Cloud Network Security Google Internet User Tips Productivity Hackers Microsoft Malware Software Business Management Innovation Efficiency Tech Term Computer Business Hosted Solutions Email Backup Communication Mobile Devices Windows 10 Browser Smartphones Apps Cybersecurity Hardware Managed IT Services Productivity Collaboration Passwords Small Business Data Internet of Things Smartphone Data Backup Data Recovery Saving Money Windows IT Support Android Holiday Workplace Tips Cybercrime Data Security Virtualization communications Users VoIP Network Mobility Mobile Device Business Continuity Law Enforcement Outsourced IT Operating System Chrome Wireless Disaster Recovery Ransomware Windows 10 IT Services Microsoft Office IT Support Miscellaneous Gadgets Office 365 Cloud Computing Password Managed IT Services Bandwidth Wi-Fi Health Phishing BDR Server Quick Tips Money Update Social Media Mobile Device Management Telephone Systems Unsupported Software Upgrade Vulnerability Best Practice Facebook Google Drive Risk Management Social Application App Cost Management Information Technology Employer-Employee Relationship Government Hacking Shortcut Two-factor Authentication Data Management Work/Life Balance Networking Save Money Streaming Media Sports Office tips Current Events Managed IT User Error USB Marketing Personal Information Proactive IT Artificial Intelligence Antivirus Automation Blockchain Spam Alert Identity Theft Managed Service Provider Information Patch Management Politics Computers Office End of Support Connectivity Battery Outlook Healthcare Samsung Value OneNote Instant Messaging Cleaning eWaste Mobile Computing DDoS VPN Private Cloud Compliance WiFi Telephony Humor Storage Social Engineering Excel Training iPhone Managing Stress HaaS Devices Touchscreen BYOD Remote Computing Automobile Cortana Audit Company Culture Save Time Television Recovery SaaS Commerce Legal Remote Monitoring and Management Computer Care Search Access Control Google Docs Gmail Analytics Wireless Charging Tech Support Medical IT Fraud G Suite Net Neutrality Data Storage Transportation Mobile Security Flexibility Meetings Internet Exlporer Encryption Word Wireless Technology Router Data Protection Going Green The Internet of Things Business Intelligence Hosted Solution History Managed Service Applications Apple Maintenance Touchpad Paperless Office Authorization File Sharing Language Websites Amazon Books Evernote Dark Web Windows Ink Ciminal Trending IT solutions Hybrid Cloud Experience IT Management Data storage Employee-Employer Relationship Consultant Text Messaging Unified Communications Help Desk Cast Sales Lithium-ion battery Scam Data Privacy Nanotechnology How To Licensing Device Security Downloads Point of Sale Running Cable Administrator Hiring/Firing Data Theft iOS Virtual Assistant E-Commerce Error Google Maps Project Management Windows 10s Managed IT Service Phone System IT Solutions SharePoint FAQ Travel Electronic Health Records RAM Certification Bluetooth Retail Distributed Denial of Service Employer Employee Relationship Hard Drive Root Cause Analysis Uninterrupted Power Supply Operating Sysytem Time Management Advertising Trends Troubleshooting Access Benefits Computing Video Games Plug-In Sync Workers Payment Internet Explorer Settings Microsoft Office 365 Data Loss IT budget Budget Solid State Drive Cables Music Charger Tablets Spyware Employees Electronic Medical Records Microsoft Teams Security Cameras Fax Server Conferencing Computer Accessories Reputation Chromebook Augmented Reality Reporting Avoiding Downtime Chrome OS A.I. Profitability Legislation Smart Technology App store Computer Fan Updates Vulnerabilities Threat Virtual Reality Chromecast Hacker Virus Hard Disk Drive Voice over Internet Protocol WIndows Server 2008 Teamwork Printing Black Market NFL Files Safety Emails Entertainment Wearables HBO Gifts Unified Threat Management Movies Eliminating Downtime Comparison WannaCry Analysis Adobe Microsoft Word Cryptocurrency PowerPoint Education Authentication Microsoft Excel Wearable Technology Identities Keyboard Proactive Big Data Data Breach Laptop Vendor Management Google Assistant GDPR Edge Webinar Bring Your Own Device Credit Cards Human Resources Upgrades PDF Worker Commute Wireless Internet Screen Mirroring Specifications Robot Identity Scalability Relocation Windows 7 Printers Twitter Worker Regulation Cache Remote Monitoring CrashOverride Emergency Disaster Monitors

Sign up for our Newsletter!

  • Company Name *
  • First Name *
  • Last Name *

      Latest News

      Eclipse Integrated Systems launches new website!

      Eclipse Integrated Systems is proud to announce the launch of our new website at www.eisystems.com. The goal of the new website is to make it easier for our existing clients to submit and manage support requests, and provide more information about our services for prospective clients.

      Read more ...

      Account login