Why is Gig Economy evolving to be an emerging job market Globally?


December 26, 2018 11:30 AM

Why is Gig Economy evolving to be an emerging job market Globally?

The Gig Economy or popularly known as Freelance Economy is growing at a phenomenal rate globally reason being, the employers are focusing on hiring temporary and contract professionals due to job market factors and availability of abundant rich pool talent for their short-term projects.

The Internet is the medium which created new connections for the enterprises and employees. The skilled professionals want the higher level of autonomy who are eager to learn new skills and exploring new possibilities are focusing on being a part of the Gig Economy. Furthermore, 9 am to 5 pm routine working hours and off-course the Monday morning blues are some of the other factors that have contributed to the development of Gig Economy. Surprisingly, if you think that Gig Economy is only for millennials think again as various experienced professionals and even retired professionals are also part of this economy.

The Bright side of the Gig Economy.

From Employers perspective they can find the right talent at the right time, and this makes them more comfortable in executing projects successfully without any delay. When we think from an Employee perspective, flexibility in working hours, diversified learning experiences, greater freedom to work from home and spend more time with their families are some of the better prospects.

Enterprises globally has recognized the impact of recession and retrenchment of the employees in the past decade in large numbers and are focusing entirely on hiring right and specialized talent to fulfill their current and short-term project requirements, which helps them to stay competitive in the industry. Many technologies help to promote remote working such as cloud computing and other related advanced networks to the freelancers which will enable them to work from any part of the world.

With the increase in the Gig Economy, there is a considerable change in the way the enterprises are hiring and managing the talents, and this is the time where staff augmentation services providing firms experience, and expertise comes into place and adds more value by bridging the gap between talent and enterprises. To know more about staff augmentation and emerging technologies related services, please contact us.