The rapid rise of the gig economy has been stunning. Companies like Lyft and Uber have achieved enormous valuations – and the growth continues to be robust.
Of course, none of this would be possible without smartphones, cloud computing and even AI (Artificial Intelligence). All of these technologies have converged – leading to disruptive changes.
To put things in perspective, about 35% of the US workforce and 16% of the entire population is a part of the gig economy. Yet this should be no surprise as gig economy workers have the benefits of earning money on their own terms, being their own bosses.
So what does this mean for companies? What are some strategies to consider?
“When the values of millions of bright, talented, driven, and entrepreneurial workers have evolved, so too should your hiring process,” said Woody Klemmer, who is the co-founder and COO of Laborocity. The company helps hire contract workers on-demand.