Gig Economy Trends From Location Independent To Employer Independent

1
Gig Economy Trends From Location Independent To
Employer Independent
2
It is not about changing employers and workplaces
anymore. It is about whether one is working on
premises under a single employer or is part of a
rapidly expanding gig economy. The changing work
occupation paradigm is affecting both employees
and employers. The former enjoy greater freedom
to work for an employer of their choice and from
any location, while employers have to adapt to
new labor market rules where attracting the best
talent is harder and does not involve only
remuneration.
3
Statistics about the freelance economy are often
controversial. On the one hand, data of theBureau
of Labor Statistics (BLS) shows that
self-employment rate in the U.S. declines from
12.1 percent in 1994 to 10.1 percent of the
workforce in 2015. This, however, is largely due
to sharp decreases in agricultural employment.
Nonetheless, there are 57.3 million people
freelancing in the United States alone, the
Freelancing in America survey by the Freelancers
Union and Upworkreports. /vc_column_text/vc_col
umn/vc_rowvc_rowvc_columnvc_single_image
image1111" img_sizefullvc_column_textSourc
e Freelancing in America report
4
(No Transcript)
5
A major conclusion of the report is that at
current growth rate more than 50 percent of
Americans will be freelancing by 2027. This is
not an isolated regional trend other regions
have similar rates of people entering the gig
economy, which is changing the very way work is
performed all over the world. Remote work started
as means to perform tasks for a single employer
from remote locations, sometimes outside the
usual business hours. This is no longer the case,
since remote work is increasingly associated with
provision of services to multiple employers i.e.
freelancing. Dozens of articles point at the
inter-connectedness of todays economy and the
relative ease of access to online tools as a
major force driving the gig economy.
6
Those are only the tech means, however. There are
other factors, some of them largely neglected,
which influence the shift to freelance work. Some
70 percent of contingent workers say they are
independent by choice due to factors such as
earning potential and location flexibility. Skill
refinement, however, is another highly cited
reason to go freelance with traditional employers
lagging in providing opportunity for acquiring
news skills within and outside their field of
expertise. Working for multiple employers enables
a freelancer to gain competitive advantage over
peers that are part of the traditional workforce
by getting unique experiences across more varied
projects.
7
(No Transcript)
8
Conventional wisdom claims that other industry
verticals will never be impacted by the gig
economy. This is not true, however, since the
ever-growing implementation of IT tools opens the
gates for new applications of freelance skills.
Take open source, for example. Availability of
enterprise grade open source solution in
literally every industry fields enables freelance
IT professionals to provide services to anyone
who, for example, cannot afford to buy an
off-the-shelf enterprise solution but is willing
to adopt and maintain one.
9

The future holds some challenges to freelancing,
though. Freelancers should deal with factors such
as unpredictability and benefits while employers
should compete hard to find and retain the best
talent available. In fact employers are facing
greater challenges because a portion of the best
professionals, especially in certain fields, do
not join the ranks of freelancers but rather
start their own companies and are doing so at
increasing rate. This in turn puts pressure to
existing companies looking for knowledgeable and
reliable workers while these newly established
startups face pressure by incumbents that, as a
rule, are able to offer higher wages to talented
specialists.
10

11
For more update , visit us
https//cyrissearch.com/2018/03/06/gig-economy-tre
nds-from-location-independent-to-employer-independ
ent/