What is this so called ‘gig economy’ we keep hearing about?

We can define ‘gig economy’ as a labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs.

With the job industry ever-changing there are endless possibilities of what one can do for work. It is definitely not the same it was 40 years ago! With so many options at your finger tips, why just stick to one?

A recent report from Randstad, a human resources consulting firm, shows that the non-traditional workers make up between 20-30% of the workplace – and this number is expected to grow over the next couple of years. Examples of non-traditional workers include independent contractors, on-demand workers, remote workers.

Senior Vice-President of Randstad Faith Tull says “the workforce is changing and we need to adapt as industry leaders. Employers are driving it but employees are embracing it.” I guess the question is are more going towards this ‘gig economy’ for the flexibility or extra income, or are they being forced into it simply because they cannot find full time employment?

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Source: Global News
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