How the Gig Economy Benefits Business and Workers

How the Gig Economy Benefits Business and Workers

How the Gig Economy Benefits Business and WorkersHow the Gig Economy Benefits Business and Workers

CIOs and other managers are increasing the use of contingent workers in order to find professionals with specific skills that are lacking in the existing staff.

Flexible WorkforceFlexible Workforce

50% of the managers surveyed said their organization increased its use of contingent workers over the last five years, and 40% expect to increase the use of these employees over the next five years.

Significant ShareSignificant Share

25% expect contingent workers to account for 30% of their company’s staffing.

Piecemeal ProcessPiecemeal Process

37% of the respondents admit to having fragmented governance models to manage the gig workforce.

Overlooked ObligationOverlooked Obligation

34% said they don’t have confidence in their ability to improve the talent management of contingent workers.

Outside AssistanceOutside Assistance

56% said their organization uses gig workers to complete projects in which the existing workforce doesn’t have the required expertise.

Cost ContainmentCost Containment

55% of the respondents said contingent workers can help control labor expenses.

New EraNew Era

50% believe gig workers can help overcome resistance to change in a legacy environment.

Positive OutcomePositive Outcome

66% of contingent employees believe the benefits of a gig arrangement outweigh the downside either always or most of the time.

Benefits of Being a Contingent WorkerBenefits of Being a Contingent Worker

Having job flexibility: 80%, Being in control: 49%, Working from home: 33%

Downsides of Being a Contingent WorkerDownsides of Being a Contingent Worker

Lack of paid vacation and sick/personal leave: 63%, Not being treated as well as permanent staffers: 58%, Fears about job security : 48%

Self-Determined PathSelf-Determined Path

56% of the gig workers surveyed said they want to stay in this role during their career, with 52% indicating they would not want to be employed full time.

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

Get the Free Newsletter!

Subscribe to Daily Tech Insider for top news, trends, and analysis.

Latest Articles