Written by

Bernard Marr

Bernard Marr is a world-renowned futurist, influencer and thought leader in the fields of business and technology, with a passion for using technology for the good of humanity. He is a best-selling author of 20 books, writes a regular column for Forbes and advises and coaches many of the world’s best-known organisations. He has over 2 million social media followers, 1 million newsletter subscribers and was ranked by LinkedIn as one of the top 5 business influencers in the world and the No 1 influencer in the UK.

Bernard’s latest book is ‘Business Trends in Practice: The 25+ Trends That Are Redefining Organisations’

View Latest Book

Follow Me

Bernard Marr ist ein weltbekannter Futurist, Influencer und Vordenker in den Bereichen Wirtschaft und Technologie mit einer Leidenschaft für den Einsatz von Technologie zum Wohle der Menschheit. Er ist Bestsellerautor von 20 Büchern, schreibt eine regelmäßige Kolumne für Forbes und berät und coacht viele der weltweit bekanntesten Organisationen. Er hat über 2 Millionen Social-Media-Follower, 1 Million Newsletter-Abonnenten und wurde von LinkedIn als einer der Top-5-Business-Influencer der Welt und von Xing als Top Mind 2021 ausgezeichnet.

Bernards neueste Bücher sind ‘Künstliche Intelligenz im Unternehmen: Innovative Anwendungen in 50 Erfolgreichen Unternehmen’

View Latest Book

Follow Me

The Biggest Benefits of the Gig Economy for Freelancers and Businesses

14 July 2022

Freelance workers of all kinds have already transformed the world of work. What are the biggest advantages of participating in the gig economy?

The Biggest Benefits of the Gig Economy for Freelancers and Businesses | Bernard Marr

As more organizations shift toward hiring people on a contract basis – with most of those contractors working remotely – the traditional employment model is undergoing radical changes.

We're already in the age of the gig economy, with many people working as “free agents,” rather than full-time or part-time permanent employees. This trend is only going to accelerate in the future.

So what exactly is the gig economy, and what are some of the biggest benefits of working within this new business world? Let's take a look.

What Is the Gig Economy?

The gig economy is where business and independent workers engage in short-term contracts or freelance work, as opposed to permanent employment.

You're most likely already participating in the gig economy, either as a freelancer, employer, or someone who uses platform services like Uber.

More than a third of U.S. workers – around 57 million people – are now engaged in the gig economy, and experts predict that number will grow to 86 million by 2027.

The gig economy has gotten a bit of a bad reputation in recent years, with many people picturing workers struggling to make ends meet with sub-minimum wage jobs that include zero job security. While those situations do still exist, you might be surprised to find out that 59% of gig workers are engaged in technology, design, and IT jobs.  Another 24% have jobs in content writing, marketing, and multimedia production.

The Biggest Advantages of the Gig Economy for Freelancers and Companies

Here are a few of the biggest advantages of the gig economy:

  1. Work without boundaries – Gig economy workers can potentially work from anywhere instead of being limited to local companies that are within commuting distance.
  1. Flexibility – Independent work fits around other factors like creative passions or family responsibilities. Gig workers also have the freedom to choose when they are going to complete their work, which may not be during a traditional Monday through Friday, 9-5 schedule.
  1. Freedom to choose projects – As an independent worker, you have the freedom to choose projects and clients that align with your interests and help you achieve your personal or professional goals.
  1. Potential to earn more – Depending on industry and skill level, you may be able to earn more as a gig worker than you would as a traditional employee. You'll also be able to create an income structure that comes from multiple sources, so if you lose one project or client, you have others to fall back on.

For companies, the gig economy also comes with big benefits. The talent pool is now truly global, and companies can hire talented workers from anywhere in the world. Organizations are no longer limited to local labor markets or the small pool of people who are willing to move for a job.

Opening up the talent pool is also a positive thing for a company's cultural intelligence and diversity. Plus, a company can bring in extra help when it's needed (to meet fluctuating seasonal demand, for example). This allows businesses of all sizes to stay competitive and continue to scale their growth.

Business Trends In Practice | Bernard Marr
Business Trends In Practice | Bernard Marr

Related Articles

The 7 Biggest Business Challenges Every Company Is Facing In 2023

In this article, we look at the seven biggest challenges businesses will be facing in 2023.[...]

Is This The Downfall Of Meta And Social Media As We Know It?

Meta Platforms – the company formerly known as Facebook – is cutting its workforce by 13% – equating to a loss of 11,000 jobs.[...]

The Top 5 Technology Challenges In 2023

When it comes to technology, rapidly changing conditions pose unprecedented challenges that must not be ignored.[...]

How To Build A Positive Hybrid And Remote Working Culture In 2023

In 2023, building a culture that allows a business and its employees to thrive while working remotely is about more than surviving in the “new normal” or post-pandemic society.[...]

12 Practical Steps To Handle Change At Work

Whether it's driven by new technology, shifts in the market, expansion, or cutbacks, work is constantly changing.[...]

The Top 11 Virtual Networking Tips To Boost Your Career

But in a post-pandemic world where nearly all of our networking is done online, what are the best ways to “meet” new people and build those connections?[...]

Stay up-to-date

  • Get updates straight to your inbox
  • Join my 1 million newsletter subscribers
  • Never miss any new content

Social Media

0
Followers
0
Followers
0
Followers
0
Subscribers
0
Followers
0
Subscribers
0
Yearly Views
0
Readers

Podcasts

View Podcasts