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
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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. Get the Full Story Complete the form to unlock...

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. 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...

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.

Gig Economy
Labor Department Ruling Classifies Gig Workers As Contractors
April 30, 2019

Gig economy companies Uber and Lyft just got support from the Labor Department, which ruled a company’s workers who clean homes don’t have to be treated as employees — which means it doesn’t have to pay the federal minimum wage, overtime or a portion of...

Gig Economy
Freelancer.com CEO: Platforms And The Future Of Product Development
April 22, 2019

A good electrical engineer can be hard to find, which can serve as a massive friction for any firm that needs one.  And as Freelancer.com CEO and Chairman Matt Barrie told Karen Webster, it really can be almost any firm that needs that kind of expert help....

Gig Economy
Gig Economy Moves Toward Critical Mass
April 08, 2019

The gig economy now is a noun, where once to “gig” was a verb, without critical mass — to “gig” in other words, was to supplement income, to make ends meet. Get the Full Story Complete the form to unlock this article and enjoy unlimited...