Over the time that online services have seen a tremendous growth and a shift in the market for on demand services like AirBnb and Uber has taken over, companies are increasingly becoming cognizant of this changing nature that is happening on a greater scale than ever before.
Gig workers are among those who work on consultation, freelance or on a temporary basis for organizations. Their numbers have dramatically increased over the past few years. And by many estimates they constitute over a third of the workforce in the industry today, and that number is projected to increase to 80% by 2023. This has been shown in especially technical fields like Data Science or Web Development.
This type of workforce is very ‘liquid’ in nature and platforms taking advantage of this will organize such workers intelligently via the internet on a project to project basis much like movies are made. This is in part to the easy access of remote working conditions that has become prevalent in the ensuing months. Nowadays, workers would prefer to work from home or on an online platform, with increasingly going towards working as consultants or gaining contractual work.
Here’s how companies can benefit from such an economy:
Availability of Specialised skill sets in High-Demand
Workers have to constantly expand their skills in order to compete and for the evolution of the practices in the industry. They tend towards becoming more innovative and receptive to new practices and technological improvements and also accumulate a lot of experience by using those skill sets to work in a variety of roles. Thus, businesses benefit by hiring candidates with those niche skill sets they are looking for. Such workers are a great option for specialized skills sets in AI, Data Science, Robotics and Blockchains.
Pricing strategies that are cost-effective
With the world moving online, office space are no longer the necessary requirement for organizations to worry about. Gig workers can work from nearly anywhere without the need for office space or utilities. Such workers, comprising individuals who are specialists, also require lower amounts of supervision and training, cutting down on the related costs. Opting for such a business strategy eliminates a lot of the associated costs with a static workforce. Thus the costs to the organization get reduced.
Flexibility of Recruitment
Flexibility occurs in different ways for organizations. One of those is the flexibility of working hours. This is further increased with gig workers who can work out of different spaces and at different times. Companies can afford to have the exact amount of manpower they need at any given time. These remote workers can help an organization achieve its needs in a very dynamic manner where time is not a major factor to performing its services. Thus, recruiting such workers becomes that much more easy for organizations.
Coming to understand this gig economy and getting on board with the changing nature of the industry is a very good way to ensure companies have sustained growth, increased outputs and a greater share of revenues. Edwisor is one such business committed to providing quality training on an exceptional educational platform. Our mentors are available on a continuous basis ensuring that whether it is Data Science or MERN Stack, our students always have a place they can get themselves trained.
