Tag: Gig Economy

1000Entrepreneurs, Business Model, Entrepreneurship, Strategy

The State of the Gig Economy

We have all at some point in time talked about or heard about the growth of the gig economy and how this could potentially be the future of work. While the number of people participating in the gig economy has been on a growth path, their ability to earn from their gigs alone to support them and their families has not been growing in proportion. JP Morgan Chase Institute recently did a study on the state of the online platform economy. It tried to answer a fundamental question – “Has all the technological and business model innovations that have led […]

1000Entrepreneurs, Entrepreneurship, Leadership

Engaging Freelancers To Benefit from the Gig Economy

In a recent study it was found that an estimated 11 percent of the working adult population was composed of full-time freelancers in 2016, and more than one-third of the entire population had freelanced at some point. What’s more, 86 percent of contract workers chose to freelance—making flexible workers a deep resource for talent. What this translates to is the fact that we will continue to see significant number of freelancers in our work environment. The question then to be considered is the following: How will the increasing number of freelancers in the business impact its  culture? Should it? If yes, […]

Entrepreneurship, Ideas, Leadership, Strategy

Strategies for Employee Engagement in a Gig Economy

EY recently announced the results of a Contingent Workforce Study that unearths key insights into the nature of the freelance or contingent workforce (the “gig economy”). Some of the key insights from the study regarding the future state of the Gig economy that they quote are as below: By 2020, 25% of organizations expect to use 30% or more contingent workers and the proportion using less than 10% will fall from 35% in 2016 to 22% in 2020. The gig economy is going to continue to grow, by 2020 almost one in five workers will be contingent workers. Two in […]