New Normal in the Gig Economy World
It’s been two years since the contemporary workforce was last affected by the Covid-9 lockdowns. Although the trend toward the gig economy had been anticipated, the spread of the pandemic has greatly accelerated its pace. Thus, traits such as versatility, balance, and empathy are highly prized by workers looking for in their potential employers. With many changes in society today, let us now see what the future holds for the Gig Economy in the new normal.
With the growth of remote work, the gig economy will become much more accessible to the general public. When it comes to freelance employment, the realm of remote engagement is popular. Conversely, the major forms of working at an institution will remain to be centralised workplaces, decentralised remote workforces, as well as the most preferred “hybrid” work setting approach, which is also regarded as the best of both worlds.
Technology is the crucial component that enables the gig economy to operate. In addition, the growth of technology and the increasing demands of consumers for instantaneous and consistent delivery of products and services drive the expansion of the gig economy. In this sense, gig workers offer specialised services and expertise for a defined time or purpose.
Lastly, many sectors in countries all over the world are facing labour and skills shortages as a result of an ageing population and a more dispersed labour force. As more and more millennials enter the workforce, businesses are scrambling to develop strategies to entice and engage this demographic.
The economy based on freelance work is already rather sizable and continues to expand. In the following year, the number of individuals using the gig economy is projected to increase by more than 30 million worldwide. More employees are beginning to recognize the advantages and freedom of freelancing and autonomous employment.
As a result, even in the new normal, the future of the gig economy seems bright.
