Work & Employment

Pros & Cons of the Gig Economy

A job for life is increasingly becoming hard to get by in many sectors in the advanced economies. A new way of working has emerged, captured in the term gig economy. In this mode of business companies hire contingent workers, provisional employees who work for the organization on a non-permanent basis. While these workers like the flexibility, they also see significant downsides.

Description

This chart shows selected benefits and downsides of contingent work in the gig economy

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Leading challenges faced by contingent workers in the gig economy in the United States in 2016
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Leading benefits of working in the gig economy in Canada in 2019
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Share of organizations that use contingent workers to avoid labor costs in the United States in 2016
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To what degree has your organization's use of contingent workers changed in the last five years?
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How do you envisage the regulatory landscape in relation to contingent workforce in your country will change?
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What are the main reasons for your organization's use of contingent workers?

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