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)

Zoom to Launch Virtual Co-Working Space and AI Chatbot
Gig Economy
Zoom to Launch Virtual Co-Working Space and AI Chatbot
November 08, 2022

With people’s work habits continuing to evolve, Zoom has debuted features the video conferencing platform says are designed to improve the modern work experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

AP Automation a Top Priority for Gig Economy Firms
Gig Economy
AP Automation a Top Priority for Gig Economy Firms
October 18, 2022

The emergence of online marketplaces and platforms has made it possible for the gig economy to flourish. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Labor Department’s Proposal Could Kill Gig Economy
Gig Economy
Labor Department’s Proposal Could Kill Gig Economy
October 11, 2022

For the platforms, it won’t be business as usual — not if the Labor Department shakes things up. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Labor Department Could Grant Gig Workers Employee Status
Gig Economy
Labor Department Could Grant Gig Workers Employee Status
October 11, 2022

The U.S. Department of Labor is proposing new rules that could help gig workers be classified as employees instead of independent contractors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Uber Launches Uber Pro Card to Give Drivers Faster Payments, Rewards
Gig Economy
Uber Launches Uber Pro Card to Give Drivers Faster Payments, Rewards
October 06, 2022

Uber is delivering new rewards and faster payments to its drivers and couriers through a partnership with card-issuing platform Marqeta, along with global payments firm Mastercard and workforce payments platform Branch. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Leading Gig Apps Slip in September’s Provider Ranking
Gig Economy
Leading Gig Apps Slip in September’s Provider Ranking
September 27, 2022

Category leaders are losing ground in PYMNTS’ latest Provider Ranking of Gig Economy Apps, as the top players see their scores fall. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

FinTechs Package Financial Tools for EMEA Freelance, Gig Workers
Gig Economy
FinTechs Package Financial Tools for EMEA Freelance, Gig Workers
September 22, 2022

For its latest banking offering, Revolut recently launched Revolut Pro, a dedicated income, payment and expense management account for freelancers, sole traders, contractors and self-employed individuals looking to manage their business funds. Get the Full Story Complete the form to unlock this article and enjoy...

PayTabs Brings Instant Payments to GCC’s Gig Economy
Gig Economy
PayTabs Brings Instant Payments to GCC’s Gig Economy
September 20, 2022

Omnichannel payment solutions company PayTabs is bringing instant payments to entrepreneurs, freelancers and people working in the gig economy across the Gulf Cooperation Council (GCC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Growing Competition for ‘1099 Talent’ Puts Premium on Faster Contractor Payments
Gig Economy
Growing Competition for ‘1099 Talent’ Puts Premium on Faster Contractor Payments
August 29, 2022

With gig economy workers becoming increasingly hard to find, payments surety, transparency and speed are potent forces that can keep a company’s 1099 workers happy — and onboard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...