Gig Economy is Reshaping the Future of Work

Posted on 06.16.2021

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As flexibility, work-life balance, and the desire to be your boss increases, the gig economy emerges as a popular work model that many people are adapting.

The gig economy is a segment of the labour market defined by short-term contracts or freelance work. These jobs are usually on a flexible, temporary basis that gives workers the ability to have additional income and plan their schedules.

Popular gig economy jobs include ridesharing, fitness coaching, tutoring or teaching, e-commerce, food delivery, babysitting, and more.

According to Statistics Canada, the share of gig workers rose from 5.5% in 2005 to 8.2% in 2016.

A 2019 Angus Reid report stated that 17% of Canadian workers were engaged in the gig economy, and more than 40% of Canadian millennials have participated in the gig economy over the past five years.

In addition to offering workers flexibility, work-life balance, and the ability to be your boss, there are several other reasons why the gig economy is reshaping the future of work.

Forbes has accredited the rising popularity of the gig economy as a driver of the future of employment to the following reasons:

· The Internet – A person can now find, apply for, get a job, and receive training from anywhere in the world.

· Brain Science – Working in short intervals increases productivity and concentration.

· Competition – Freelancers and short-term contract workers allow companies to secure good talent affordably.

With the rise of the gig economy, workers can find work wherever they want, whenever they want. It provides workers with more options for the type of work they want to do to align their work with their skill sets and interests.

The gig economy also helps companies win. Not only does the gig economy allow companies to secure good talent affordably, but it also gives companies a wider reach when it comes to recruitment.

Most companies no longer require workers to commute to the office or even live in the location of their work. The current work-from-home situation since the start of the pandemic is proof.

Now, companies can hire qualified freelancers from anywhere to help their company grow and be successful.

If you’re looking for a job in the gig economy, Triton Canada can help you get the online background check you need to get hired. Our background checks are secure and accurate, so you can rely on us to support you in your job search process.

To learn more about our solutions, call us at 1-844-874-8667 or visit www.tritoncanada.ca.