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
How Payments Can Keep Gig Workers Sticky
June 26, 2018

Even in the digital payments world (and as more people travel more often, sometimes working freelance gigs along their journeys), the concept of home remains strong. That is providing opportunity to firms that facilitate temporary work and its wages. Get the Full Story Complete the form...

Gig Economy
For True Story On The Gig Economy, Details, Along With Data, Matter
June 08, 2018

Dueling headlines show that when it comes to the gig economy, differing data tell different stories. 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 daily...

Gig Economy
How Will Insurance Work In The Sharing Economy?
June 08, 2018

You never know when those Airbnb guests — didn’t they look so innocent on Facebook? — will leave behind a broken TV, whiskey bottles and an unmade bed — or when that rideshare driver will need extra protection against all those risks on the road. Get...

Gig Economy
Subpoenas Start To Fly In Wake Of Gig Economy Ruling
May 31, 2018

And here come the subpoenas …. 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 daily newsletter, PYMNTS Today. By completing this form, you agree to...

Gig Economy
PEX CEO: Why Gig Workers Need Spend Management Tools
May 29, 2018

If you really know the music industry, you know that many tour managers and accountants are barely a half-step removed from the glory days of the abacus. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Gig Economy
Freelancer.com And Escrow.com Aim To Ease Gig Workers’ Financial Woes
May 18, 2018

Payment frictions are rife in the global gig economy. For example, clients might be reluctant to wire funds internationally, forcing freelancers to endure lengthy waiting periods for their earnings. Digital escrow services could alleviate some of these common payment pain points. PYMNTS recently spoke with...

Gig Economy
Payment Issues Take Center Stage In The Gig Economy
May 17, 2018

It’s being treated as victory — perhaps a mild one, but still a win — for workers in the so-called gig economy: A recent ruling from the California Supreme Court makes it more difficult to classify people as independent contractors instead of employees. The decision...

Gig Economy
NEW REPORT: Understanding The Long Tail Of The Gig Economy
May 17, 2018

Why the Gig Economy is Growing – and What’s Holding It Back 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 daily newsletter, PYMNTS Today. By...

Gig Economy
ADP’s Wisely Pay Bids To Smarten And Speed Up Gig Economy Payments
May 14, 2018

Can a shift in demographics lead to ripple effects – and maybe even a sea change – in the way gig economy workers get paid? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...