Jobs in a Gig Economy!!
Typical employment of 9am-5pm are disappearing, permanent jobs are hard to get this days, companies either outsource or give short contracts at best. Does it mean jobs are diminishing?
What happened to our dream jobs with one employer with a guaranteed career growth, pension and health benefits?
Welcome to the Gig Economy!
Now you are paid for assignments, contracts, consultancy etc the long rigid career has been replaced by many short gigs to different employers.
No organization wants the burden of staff, they want to hire flexibly and collaborate with no strings attached.
Mckinsey Global Institute(MGI) states that most independent workers have actively chosen their working style and report high levels of satisfaction with it.
The “gig economy” has soared into mainstream business consciousness in recent years, but what does it mean? In many ways, it is the antithesis of “jobs for life,” which tended to define the 20th century. The gig economy is supported and accelerated by the rise of technology and customers who expect goods and services to arrive faster and more flexibly than ever before. In an effort to meet these demands, businesses and governments need access to highly skilled professionals for short-term projects to drive innovation and rapid change. At the same time, workers are looking for work opportunities that offer greater flexibility and variety.
Technology is the key enabler to facilitate the nature of supply and demand where available talent meets organizational need.
This can be good for the employers as well as for dynamic independent works but very it is frustrating for inexperienced people seeking stable jobs.
EY(Ernst&Young) 2016 survey state that
56% of organizations are using gig workers to complete projects where the specific expertise is beyond the capability of the existing workforce.
I guess it is wiser to seek steady gigs back-to-back to ensure sustainability rather than looking for that proverbial job.
This is a reality and the earlier we accept it the easier it will be. Then we will see opportunities where others see challenges.
By William Mwangi