Gig Economy

A gig economy is a free market system in which temporary positions are common and organizations contract with independent workers for short-term engagements. The term "gig" is a slang word meaning "a job for a specified period of time" and is typically used in referring to musicians. Temporary work or temporary employment refers to an employment situation where the working arrangement is limited to a certain period of time based on the needs of the employing organization.

(source: whatis.techtarget.com)

Gig Economy
Gig Workers And The $178B Pay Advance Potential
July 17, 2019

Unlike the typical worker in the 9 to 5 cycle, gig workers often find themselves living paycheck to paycheck, because they must complete a work assignment before they can collect their earnings. The uncertainty over when (or if) a paycheck will arrive can leave many...

Gig Economy
Lime Taps PayPal’s Hyperwallet For Global Payouts
July 10, 2019

PayPal’s Hyperwallet is facilitating payments to Lime’s scooter “juicer” force — offering a range of payout options globally. Brent Warrington, Hyperwallet's general manager, tells Karen Webster why paying freelancers to charge scooters — in the ways they want — shows why the gig economy, aided...

Gig Economy
Mastercard Launches Early Pay Option For Gig Workers
July 10, 2019

Much of the magic of using gig economy services like Uber is contained in the payment experience itself. Instead of fussing with cash or a card at the end of the ride, the payment happens seamlessly on the back end. And because the experience is...

Gig Economy
Why Hospitality May Be The Gig Economy’s Next Frontier
June 21, 2019

Digital platforms have the potential to reshape the way work is done, how workers find work, and even who gets the work. Writ large, matching workers and employers can be done across a cellphone, across a site and with haste. The critical mass may indeed be there,...

Gig Economy
How Toptal Seeks To Instill Freelance Marketplace Trust
June 21, 2019

Nearly three-quarters of U.S. businesses will employ remote workers by 2023. Making those payments friction-free will be key to attracting and retaining talent. In the latest Payments And The Platform Economy Playbook, Martin Chikilian, VP of talent operations for freelance marketplace Toptal, discusses how they...

Gig Economy
CA Gig Economy Legislation Could Better Protect Workers
June 04, 2019

California has proposed gig economy legislation that could potentially change workers’ classifications from independent contractors to actual employees, which would make them eligible for the benefits pertaining to that status, according to a report by CNBC. The bill, called Assembly Bill 5, could have implications...

Gig Economy
Customer Service Can Be A Competitive Advantage For Digital Platforms
May 24, 2019

The crux of the Payments and The Platform Economy Playbook is that with 162 million workers in the U.S. and Europe currently involved with the gig economy, projected to be serving 86.5 million consumers by 2021, sharing economy platforms can’t just meet customers’ needs –...

Gig Economy
The Jobs Market Is Strong, But Not Thanks To Gig Workers
May 03, 2019

What is the state of the jobs market in the U.S.? It all depends upon who you ask. ADP’s recently released monthly payroll report forecasted strong private sector hiring, but Moody’s begs to differ. Moody’s chief economist says ADP has inflated its report of 275,000...

Gig Economy
Gig Economy Workers Aren’t What They Once Were
May 02, 2019

The Gig Economy Index, a Hyperwallet collaboration, delves into the demographics and behaviors of workers in the gig economy — who they are, what services they supply and what percentage of their overall income the gigs represent.