Are you maximizing the gig economy and making it work for you?
The gig economy is predicted to reach nearly 50% of the workforce by 2020. In fact it’s being compared to the Industrial Revolution in terms of totally changing the face of the workforce. It’s so crucial to how we do business that “gig” was nominated as Word of the Year for 2015. But it’s more than just a matter of semantics.
Today’s careers are not necessarily even careers in the traditional sense that in the past people historically stayed in one niche or business sector for their entire working life. You might see your work consist of a patchwork of temporary projects and assignments. Today’s workers are contingent workers, independent contractors, freelancers, consultants, sole proprietors, digital nomads or temps – and most of them are happy to be so!
Companies such as Uber and Airbnb have turned their counterparts on their head. The pendulum doesn’t look like it’s going to swing back anytime soon either. And while the industry is still trying to work through some issues, it offers so much flexibility and holds so much interest for every age range and in particular the millennials who may want to experience snippets of many industries.
Company bean counters are kept happy because they don’t have the responsibility of worker’s benefits, which is a huge deal especially if you’re needing mass quantities of qualified skilled workers.
The gig workers find that they can set their own schedule, work remotely and often provide a higher quality service because they’re not involved in office politics or meeting after meeting.
With all of these gigs and gig workers, how do you manage it all? A vendor management system (VMS) can handle all the complicated work for you. If you think that they don’t do what you need them to do, then maybe you just haven’t met the right system! We’ve created a system that’s nimble, flexible and caters to your specific needs all on one convenient dashboard that not only tracks your workforce but has built-in predictive analysis to help you forecast future needs.
As the industry evolves, there will be even more changes, questions and issues that crop up. But what an exciting time for companies and workers to redefine what “work” is. And just like the Industrial Revolution totally changed business as usual, the gig economy may become a way of life for most workers.
For more information on the gig economy and how it can affect your business, click on the link and read our LinkedIn post.
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