How Has COVID Affected The Gig Economy?

The COVID-19 pandemic has forced businesses to either halt or severely curtail their operations, it certainly had a knock-on effect on the labour market. Among the affected is the Gig Economy workforce. It is well known that freelance workers are not offered an ongoing contract, and lack many of the protections afforded to regular employees, as a result they have been hit hard by the pandemic’s economic fallout.

Unemployment benefits are a lifeline for working families who were already on the edge before COVID-19 and are now facing incredible financial hardship as the pandemic upends our communities. As business recovers, digital economy companies are likely to benefit from their ability to be more flexible than other industries in certain respects, says Jillian Slyfield, a Digital Economy practice leader at Aon. 

Why is that? Because of digitalization, imperative communication is being processed through the use of technology without having the hassle to conduct traditional work settings. This might be true, but with the right partner to provide communication such as ConXhub that has all the features of a hosted cloud based PBX communication, they wouldn’t be as much at risk. The concept of risk weighs heavily on the mind of most Gig economy workers.

However devastating COVID has been, the Gig Economy has its own fair share of pros. For one thing, in the digital age, the workforce is increasingly mobile and work can increasingly be done from anywhere, so that job and location are separated. With the innovation of technology, better compromise, and flexible adaptation to the Gig Economy your business could not be as hard hit as a traditional business. This is not very surprising. COVID-19 forces us all to adhere to the ‘new normal’ hence, in the near future, everything could be done online. 

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