What's the Gig Economy and Why Does it Work?

March 2, 2018 Marissa Gbenro

By now, everyone has heard of the gig economy framed within the ride-sharing industry, but on-demand work goes beyond part-time taxi driving jobs. Whether taking on a part-time job for supplemental income is a necessity or not, job seekers who want to choose their own schedules now have more options than ever.

Flexible Schedules Put Money in Your Pocket

Even if you’re working a full-time job, you can still earn a financial boost in your downtime. Temporary work on the weekends, in the evenings, or other flexible schedule options means extra money for the things you need, and the things you want.

Based on financial data from loan applicants, CNBC reported that the average gig worker makes anywhere from $100 to $300 each month from their part-time jobs. In addition to earning extra income, an individual’s money-making potential increases as he or she takes advantage of flexible schedules across all industries, building their skill set. 

Temporary workers are also extremely helpful to business owners across every industry. This is because these individuals are available on-demand which provides more flexibility for employers, and when they arrive they are armed with the skills necessary to do the job well. This working model also benefits job seekers who don’t want to be tied down by rigid schedules. 
Reaching the gig economy through mobile apps
Workers who don’t want to learn a whole new skill set to secure employment are also able to use the gig economy to their advantage. Mobile apps like JobStack connect you with companies who are looking for the skills and knowledge you already have, making your venture into the gig economy a seamless transition. 

According to one college student who took on side gig jobs, the results were better than she expected. The young woman told CNBC, “I feel like I have money and I always feel like I can take care of my responsibilities.

Technology at the Forefront

While the gig economy is qui te vast, experts from Intuit and Emergent Research project that the number of on-demand workers in the U.S. will double in the next four years. But why this massive surge of growth?

The gig economy works because it relies on technology to connect job seekers with job providers. Bridging this gap through mobile technology adds another layer of utility to the gig economy. People who depend on mobile devices for job information can access those details with a few clicks. 

At the same time, companies will turn to the staffing industry to ensure that no position goes unfilled. Matching qualified job seekers to their ideal placement no longer requires mountains of paperwork, however, as digital processes screen applicants faster than ever. JobStack and other apps like it fulfill the demand for accessible job information and have the ability to fill positions faster than ever. 

Fortunately for today’s job seekers, boosting one’s standard of living no longer requires working 80 hours a week. In an era that wants results quickly, the gig economy continues to thrive, a benefit to both employers and workers.

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