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ARTICLE · 17 APRIL 2018

Accelerating into the gig economy

Article discusses new gig economy whereby temporary positions are filled with independent workers for short periods of time.

AustraliaEmployment and HR

Technology is fuelling a global acceleration, with our employment landscape changing alongside it at an alarming rate. One striking feature of the new working environment is what we commonly refer to as 'gig economy'.

In short, gig economy describes the situation whereby temporary positions are filled by businesses with independent workers for short periods of time. Recent studies have predicted that by the year 2020, 40% of workers in the United States will be engaged in the gig economy, on these short term contracts. Australia is certainly set to follow these movements, as is the norm with trails blazed by our older cousins from across the pacific.

The gig economy is totally alien to traditional methods of work, whereby fulltime contracts and permanency were the standard. No longer are people developing their career with a single business for a long period of time, opting instead to hop from place to place.

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