Hotel Collection Lux Scenting Hotel Collection Lux Scenting Hotel Collection Lux Scenting Hotel Collection Lux Scenting The Influence of the Gig Economy on Conventional Job Markets | Rise Startup | Guide to Launching & Growing Successful Startups
Monday, June 24, 2024

Guide to Launching & Growing Successful Startups

Perfecting Your Presentation: 4...

Many companies face the daunting task of raising funds for their operations at...

A Beginner’s Guide to...

A comprehensive guide to building a mobile app for the first time ...

Entrepreneurship Unmasked: Dispelling Common...

It's no secret that the world of entrepreneurship is riddled with misunderstandings and...

Establishing a Digital Following:...

Segment 3 of 6 Guidelines for Selecting Social Media...
HomeTeam & ManagementThe Influence of...

The Influence of the Gig Economy on Conventional Job Markets

The term “gig economy” has recently become a hot topic, reshaping the work environment and altering the conventional employment landscape. A study by Fountain reveals that 66% of large corporations are now starting to delegate their tasks to freelancers. This indicates a shift from traditional work patterns (typically 9-5 in an office) to a more modern approach where workers have greater flexibility and versatility in their roles.
For a long time, individuals were known to work for a specific employer at set times, but with the advent of technology, employees are no longer required to be in a particular location to perform their duties. 

While the gig economy has been gaining traction over the years, the pandemic has significantly boosted its popularity. Nowadays, companies that want to stay competitive in their industries need to find ways to keep their employees happy. This has led to a shift in company strategies to better understand the demands of the modern workplace. As the gig economy is highly sought after by millennials and Gen Zs, we’ll explore its impact on traditional employment.

Decoding the Gig Economy

You might have heard people talking about “securing gigs” while working, and you might be wondering what it’s all about. Well, the gig economy is here to stay. It’s a free market system where large companies can hire freelancers (also known as independent marketers) for short-term engagements. The gig economy serves as a digital platform where businesses and individuals can connect to exchange services for money. Here are some examples of the gig economy:

  • Project-based work (payment per project)
  • Part-time employment (working fewer hours than the standard work schedule)
  • Freelancing (payment per task completed)
  • Independent contracting (contract-based work with payment upon contract completion)

In the gig economy, it’s important to note that three key factors contribute to its existence:

  • Workers
  • Companies
  • Consumers

Additionally, there are gig economy jobs in various industries, which include common positions such as:

  • Art and design: graphic designers and musicians

Get notified whenever we post something new!

spot_img

Create a website from scratch

Just drag and drop elements in a page to get started with Newspaper Theme.

Continue reading

Crafting an Effective Cold Marketing Email to Garner Responses: A Guide with Examples

Attract Your Audience, Use an Enticing Hook in Your Title, Deliver Value in Your Promotional Emails Penning impactful promotional emails can be the key to prosperity for numerous small enterprises. In this manual, you'll discover how to compose a promotional...

Launching a Startup in Just One Month

A Comprehensive and Swift Guide to Launching a Business in a Month Have you ever envisioned yourself as the head of your own company? There's no better moment than the present to turn that vision...

Strategies for Boosting Your Business’s Momentum

Grasping the Concept of Traction in the Business Sphere Every business owner aspires to run a thriving enterprise, yet the road to achievement is often strewn with obstacles. A pivotal notion that emerges in this voyage...

Methods of Calming Down: Maintaining Composure in Tense Customer Interactions

In today's fast-moving world, customer service professionals often find themselves in high-pressure situations dealing with irate customers. These interactions can quickly escalate, potentially harming the company's reputation. Therefore, it's crucial to master conflict resolution and maintain composure through de-escalation...