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
NEW REPORT: Are Slower Payments Crippling The $1T Gig Economy?
February 21, 2017

As they say in the pizza business, when it rains, it pies. Every time it rains in San Francisco, Papa John’s has a problem. Pizza orders skyrocket, but there just isn’t enough staff to deliver the pizzas. And hiring staff is costly and time-consuming. Meanwhile,...

Gig Economy
Temporary Work Even Bigger In Europe
February 09, 2017

Temporary, contract, gig employment and job-hopping are fast becoming the new norm in the U.S. and elsewhere, especially among the younger workforce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Gig Economy
The Gig Economy’s Great 2016
January 03, 2017

With more employees, employers and cash entering the gig economy and legislation protecting gig workers passing in NYC, 2016 was a good year to gig. Will 2017 be the same?

Gig Economy
Gigging For The Holidays
December 30, 2016

It truly is the most wonderful time of the year — to bring in some extra cash, that is. 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...

Gig Economy
Gig Workers As Specialists
December 28, 2016

There’s no doubt about it — the gig economy is booming. As the broader gig ecosystem continues to grow and diversify in the coming years, it will become more important for employers participating in the space to rethink how they view gig work and gig...

Gig Economy
Navigating The Regulatory Labyrinth Of Gig Economy Payments
November 21, 2016

Scale is the Holy Grail for firms big and small — but as on-demand platforms and digital marketplaces venture into far-flung locales, payments processes must contend with new and unfamiliar regulatory hurdles. Mike Monty, EVP and head of financial partnerships at Hyperwallet, explained to PYMNTS...

Gig Economy
Regulation, Competition Major Issues Facing Gig Economy
November 18, 2016

What is it exactly about the rising gig economy that makes businesses, workers and consumers alike so willing to fork over cash for the chance to partake? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Gig Economy
Gig Workers Cannibalize Rides/Rooms Payroll Spots — And More?
November 07, 2016

The gig economy is the future. But does the gig economy also presage the hobbling of the traditional, non-gig economy? 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
Taking A Pulse On The New Gig Economy
November 03, 2016

From food delivery to ridesharing, babysitting to dog walking, it’s hard to find a service today that isn’t available “on-demand,” but the growing gig economy isn’t without its challenges. Brent Warrington, CEO of Hyperwallet, joined Karen Webster to discuss the results of the inaugural Gig...