Conclusion
In 2019, organizations therefore have a
huge opportunity to make the workplace
a more productive environment; one
in which career development, real
conversations, innovative forms of
recognition and better cross-generational
relations exist. The gig economy means
that business leaders now have the
additional external resources coupled with
the tools and strategies needed to lead a
new generation of workers in ways we
simply could not have dreamt of a decade
ago.
That fresh perspective can often prompt
creative ideas that help a business to grow.
Moreover, managers can supplement staff
with giggers who have the talent and
knowledge not only to advance a project,
but also to teach regular employees, new
skills.
In the same vein, the gig economy will
lead to development of new products and
services to meet the lifestyle of giggers.
Banks will need to review their criteria for
granting credit facilities to individuals, as
criteria such as salary accounts, length of
employment at a specific company will no
longer suffice to adequately capture the
true position of these category of workers.
Millennials and other remote workers
have the mindset to push the boundaries
on a project-by-project basis. They are
not driven by pay, but flexibility, freedom
of choice and pursuit of passion. Highly
skilled workers are also embracing this
trend.
More than ever, organizations need to
start integrating this set of workers into
the workforce to stay ahead of disruption
and competition.
References
Cassar, C., D. Heath, and L. Micallef. 2010. ‘What
Is Digital Economy? Unicorns, Transformation
and the Internet of Things.’ Hussien Ahmed, 2018. For Fintech Weekly. “How
the Gig Economy can drive the Next Wave of
Fintech and Banking Innovation”. John Frazer, 2019 for Forbes “How the Gig
Economy Is Reshaping Careers for the Next
Generation”
PricewaterhouseCoopers. 2015. ‘The Sharing
Economy: Sizing the Revenue Opportunity.’ Nicole Fiqua, 2017 for People Scout “Recruiting
in the Gig Economy” David Storey, Tony Steadman and Charles Davis
2018 for EY Global “How the gig economy is
changing the workforce” Geoff Collings, 2016 for MACKENZIEKING
“The Impact of the Gig Economy on Recruitment” The Payoneer Freelancer Income Survey 2018:
Global Benchmark Report for Hourly Rates.
National Bureau of Statistics: Labour Force
Statistics - Volume I: Unemployment and
Underemployment Report (Q4 2017-Q3 2018)
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