Conversations this month included how the gig economy is redefining today’s workforce, how technology can help HR departments recruit workers, and the reasons that retirees want to participate in the gig economy. We put together a recap of these topics to help you get caught up on the latest industry news.
Redefining the Workforce
It’s estimated that gig economy workers will earn about $711 billion in income this year, highlighting the fact that this workforce can no longer be ignored. With the ability to make extra cash as the driving factor for people to join this workforce, it’s important for companies to realize the impact gig workers will have on the future of work.
A recent study by PYMNTS and Hyperwallet shows that 69 percent of gig workers prefer to stick with their current gigs rather than finding a full-time job. A worker’s ability to express their passions and choose their own path of experience through the gig economy contribute to this high percentage. Explore this research further to learn more about what workers are looking for in a career.
With the need for skilled workers increasing and the use of contract workers rising as well, HR departments are realizing the need for technology to help keep up. A recent report by Talent Tech Labs shows that about 45% of HR leaders see rapid growth happening in the investment and development of candidate sourcing technology. This article highlights more findings from HR leaders and how they see the technology landscape changing.
As the need for hiring freelance workers increases over traditional, full-time roles, HR departments are having to find resourceful ways to keep up with these growing pains. One way is by implementing technology to automate certain aspects of the recruiting process. This article discusses how leveraging technology can help ensure HR departments are in the running to recruit top talent.
A recent survey of retirees found that over 79% of them would like to remain in the workforce in order to earn supplemental income. However, they also want a flexible work schedule so they can still enjoy their retirement. This is where the gig economy comes in. Read this article for a full investigation into how people over the age of 65 are working today.
Findings show that 40% of workers between the ages of 53 and 64 do freelance work today and there are many reasons why. Working in the gig economy offers retirees a way to stay in the workforce on their own time, gain additional income, meet new people, and avoid isolation. This article dives deeper into the way retirees are participating in the gig economy.
Would you like to keep up with the latest news on the gig economy?