There are so many examples of gig economy jobs that may not be obvious. For example, your Ubereats delivery allows someone to earn money, and your freelancing friend may be working remotely on a 2-month assignment with a global corporation. Both are examples of this style of working.
According to projections, jobs in the gig economy continue to grow. National systems and the law must adjust to this new trend and protect self-employed people.
What type of people are in the gig economy?
According to the statistics, many more people than ever before are engaging in the gig economy through “side hustles” or other forms of part-time or occasional freelance employment.
There is no ‘one’ type of person who works in the gig economy. Anyone and everyone works there!
Young or old, people from all walks of life are a part of it. Even teenager babysitters count as working in this way!
How do people know if the gig economy is for them?
People end up working in this way for many different reasons.
Some choose this way as it brings them a flexible way of working that works with their schedules. Whether that is due to taking care of their children or that their brain works best super early in the morning, the gig economy allows a much more personal way of working.
On the other hand, it’s important to remember that some individuals may not have a choice. Maybe their need to make money forces them into these short-term and less-secure jobs. Gig economy jobs may be easier to get, but that can come with downsides and unreliable employers.
Choosing whether to work in this way is a very personal decision and requires a lot of thought.
We have collected some of the main positives and negatives for workers in the gig economy. Have a look through to learn more about what drives people’s decisions or to help weigh up whether the gig economy may be the right fit for you!
Pro – Flexibility
Gig economy employees have numerous possibilities, from working the hours they choose to working where they want.
Jobs are frequently assigned with a deadline, but the worker can decide how and when to complete them. Workers can work at convenient times for them and their requirements and on days that are best for them.
Some people find that early mornings on weekends are the best time to get their work done, which may not be possible with regular employment.
Workers are frequently offered the option of working from a home office or a distant location. This is appealing to those who are attempting to work around their families’ schedules.
Pro – Independance
Many contract or gig economy workers discover that they have total autonomy over their job. This freedom may be aided by not working in an office. With no one looking over their shoulders, gig economy employees may find themselves assigned a task and then left to execute it independently.
This can offer workers a confidence boost and allow them to accomplish a project the way they think it should be done—on their own timeline and in their own style.
Studies have found that people who choose to work independently and make the gig economy their primary source of income are typically more satisfied with their jobs than traditional labourers.
Pro – Variety of jobs
Workers in the gig economy may find themselves with a wide range of tasks to perform.
Instead of doing the same tasks every day, each project or gig might include various features that make the work more exciting. Workers may become more enthusiastic about projects and be more creative with their job due to the variety.
They allow employees to focus on their strengths, making them feel more involved and, as a result, increasing productivity. So, from an aspiring artist or creative perspective, it’s a terrific method to make a livelihood while devoting time to their craft and building a career.
In the long term, after you’ve established a strong reputation and portfolio, you will have many recommendations. In that case, you’ll be able to choose and accept the employment offers that best suit your interests and give you a work-life balance.
The huge variety of job opportunities emerging in the gig economy means that people with a large range of skills can use it. It can be beneficial to help those without jobs find employment that suits them quickly.
However, depending on where the worker lives, demand may not be sufficient to provide a steady income.
Pro – Pay
The pay for independent employees differs from one firm to the next. Some businesses pay gig workers less, while others pay them more since they don’t have to provide benefits on top of their wages.
They are frequently allowed to charge hourly charges for their services. This implies individuals may choose their working hours and receive rewards for extra hours worked.
In addition to the main work, things like meetings and phone calls are chargeable.
However, many people who perform activities that need less technical expertise and hard skills will take whatever temporary job they can get, even if the pay isn’t great. This means the work may not be desirable and can end up paying less than a regular job, which must be considered.
Is the gig economy right for me?
Regarding whether the gig economy is suitable for you or not, you should consider your personality and experience and whether doing it part-time or full-time would be a right fit for you. You must also think about what the market is looking for. Are the skills you have in high demand?
There’s one thing for sure: there’s no need to rush. Take your time in coming to a decision. Start small with a few freelance jobs here and there. We promise: the gig economy isn’t going anywhere.