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The Future of US Gig Workers

The Future of US Gig Workers

Author: Chris Alex /Tuesday, October 30, 2018/Categories: SNI Companies, SNI Technology

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As of 2017, the percentage of gig workers, also known as short-term contractors, increased to 31% from the previous 29% noted in 2015. At the end of 2017, roughly 126 million people in the United States were employed full-time, making 48 million of those individuals independent employees and generating $864 million in revenue. Simply put, the gig economy is rapidly growing throughout the nation and changing the operation and expectation of businesses and consumers alike.

Defining the Gig Economy
While this is likely explained a bit different depending on the industry, there have been many similarities found across occupations - The gig economy is made up of freelance professionals, seeking flexibility and vast resources within their job. Gig workers can be temporary agency employees, independent contractors, or consultants, all working for themselves but for the greater purpose of an organization. Today, many gig-based businesses are found in online platforms such as Uber and Airbnb.

Human Cloud Landscape
Similar to gig workers, the human cloud is a full of independent employees. While the gig economy is an environment of temporary positions within companies for short-term engagements, the human cloud is a place for employers to take jobs and break them down into specific tasks and projects - From there, individuals are secured to fulfil that specific need versus an entire role. An example of this would be a driver for Lyft - This employee is tasked to one particular assignment and paid through that platform.

The largest B2B human cloud staffing firm is Upwork, generating $1.36 billion in revenue in 2017. This staffing site allows businesses and independent professionals connect and collaborate remotely, successfully matching each party with what they need.

The Future
The gig economy and human cloud concepts are both such attractive options for many people who dream of working an independent lifestyle or those who looking to test the waters in a new industry or profession. However, it is important to recognize that, while this concept is exponentially growing in popularity, it is found that a limited percentage of these individuals are able to make a full-time living in this world. Currently, these options are most used by people looking for a way to make a second income, and a large number of gig workers also have full-time jobs.

Nonetheless, employers are continuously encouraged to watch the growth of this market and stay up on its trend across the globe. These options will eventually affect traditional employment and what it means to work a “9-5” job - Companies should look for ways to utilize these working models to be sure the needs of their employees are met, while also drumming up new ways retain current workers, as well as find young professionals in this modern landscape. By exploring the idea of using freelancers or project-based individuals, companies can open up additional talent pools, finding the most suited people for the job.

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Chris Alex
Chris Alex

Chris Alex

Chris comes with 10+ years of Specialized Staffing industry experience and he has placed 400+ Professionals in various markets.

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Full biography

Chris comes with 10+ years of Specialized Staffing industry experience and he has placed 400+ Professionals in various markets. He is a multi "Reach for the Stars (both Chairman's Club and President's Club)" Winner and he prides himself in having a high level of ethics while providing his clients with the highest level of service possible.

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4 comments on article "The Future of US Gig Workers"

Richard

11/22/2018 9:11 PM

I absolutely adore your blog. It is flawless and you have an inconceivable composed work style. Well done on your composed work style: you ought to be so happy for yourself. The gig economy is comprised of independent experts, looking for adaptability and immense assets inside their activity. Gig laborers can be hiring office representatives, self employed entities, or experts, all working for themselves yet for the more prominent reason for an association. Today, numerous gig-based organizations are found in online stages While the gig economy is a domain of transitory positions inside organizations for here and now commitment, the human cloud is a place for bosses to bring employments and separate them into particular errands and tasks - From there, people are anchored to satisfy that particular need versus a whole job. A case of this would be a driver for Lyft - This representative is entrusted to one specific task and paid through that stage.

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