Ways Gig economy Will Change the Nature of Work for Employees and Employers
As an employee or an employer, you have in one way or the other considered being independent. According to the latest researches, more than half of the workers and employers in America will be working independently.
The gig workforce has over the years expanded most quickly right from the great recession to that extent that the amount of independent employees and employers in the world has been seen to exceed the number of dependent entrepreneurs and employees, especially in the information industry.
Similarly, it is rapidly gaining in the finance industry as the latest reports insinuate. The transition, in this case, is seen to be vastly prevalent to the extent that it will change the nature of the work of both the employees and the employers alike.
- Change in The Nature of Employees’ Work
There is only one trend when it comes to the effects of the gig economy on the employees’ kind of work. The economy is already big and is continuously becoming bigger.
Companies are likely to do anything to avoid recruiting full-time employees primarily in the United States Due to lack of any job security in the current corporate environment, workers will look to be more aware of the fact that they should conduct their tasks in a different way of their goal is to establish proper stability for themselves.
Therefore, the tide is seen to shift certainly. The statistics, as well as trends, indicate that a lot of changes will come with the introduction and embracing of the gig economy on the nature of the employees work.
Since the employees know what is right for them, it is essential for them to consider the implications of the gig economy on their work since opportunities for the independent workers will always be there for them in their working period.
The following constitute some of the significant ways in which the gig economy will change the nature of the work for the employees.
- The Employees Will Have Additional Opportunities to Create Meaningful Work
The disconnection between organizations and their employees which has been brought about by the gig economy introduction is growing more extensive day by day.
Regardless of the notion that over 80% of the Americans have a great belief in the potential positive effect of the business, just a small percentage of 36 are seen to have an actual trust to the business leaders to have been working in line with the societal as well as environmental values.
The discrepancy, in this case, has therefore forced most of the employees to what has been termed as self-employment. With self-employment, the employees can seek opportunities that would help them harmonize their work with the core values they have. In this manner, they ultimately realize a different nature of work.
The opportunity that has been availed by the gig economy is seized by the entrepreneurs to assist the freelance employees in getting meaningful jobs and works. According to various scholars, the trend is perfect for the employees when it comes to acquiring valuable jobs.
Researchers love the fact that most of the employees have come to realize that it is possible for them to forgo the perceived safety of the full-time employees to help in contributing the unique knowledge and skills that they have including their extensive experiences and education to the whole world through meaningful tasks.
The gig economy has therefore been able and will continue being able to open up unbelievable employees opportunities for the society in the United States in particular.
- It Has Helped the Employees to Redefine their Job Security
For most people, the most significant misgiving in the trending gig economy is the call to sacrifice the security that has all along been promised by the full-time jobs.
However, it should be understood that the corporate safety net here has recently been increasingly tattered. Since more jobs are currently automated or outsourced, the downsizing that results will only mean that there is no longer a guarantee of a stable future by the corporate tenure.
In the world today and with the introduction of the gig economy, stability looks as if it lies on the freelancing for lots of clients, supplementing your pay with several side hustles, trying to strategize nontraditional retirement savings as well as ensuring that your skills remain valuable enough to get employed from one project to the other.
While the gig economy tries to boom, there are changes in the nature in which options are becoming many for freelance workers to excel. Such startups as the stride health solely aim at providing security by ensuring that they find the health solutions for those independent employees.
Additionally, some states in the United States have also been able to work on specific initiatives that would see them vamp down the premiums for the policyholders who work independently.
- The Career of the Employees Will be on their Own Hands
To some extent, maybe on the flip side, for instance, the independence prospect has become so alluring that some workers have already established to next their office jobs.
As an employee, being your boos not only means you will be flexible, it also means you will have additional responsibility for your tasks.
Remember, you will always be your human resource representative, own career coach as well as being your accounts manager. While this at the time might be exhilarating, it is very vital to reconsider the costs.
As the gig economy is seen to change the nature of the work for employees, most of the individuals who are still in the traditional arrangement of work will have to venture on their own at any instance.
The altering landscape has made and will always make the employees’ dreams increasingly possible. Today most workers are in control of their careers and the nature of their jobs has completely been altered to the best.
2. Change in The Nature of Work for Employers
- Shorter Travel Distance
Concerning the gig economy, employers will be able to conduct their jobs within the areas that they geographically know and can reach. The employers always have a significant preference in their work areas.
The most significant amount of distance that an individual can manage to go from the geographical location which is marked will be set to ensure that there is no covering of more extended range.
As such, the general productivity of the workers will be improved by the employers. When diversities are made within the shortest possible distance, there will be increased productivity of the workers due to increases in the number of deliveries made.
- Enhanced Corporation between Employers and Employees
The theory of scientific management tries to advance the notion of the cooperation between the employers and the employees with one another as opposed to the traditionally little contact between the employers and the employees.
The employers adopt this cooperation especially in the United States to make sure that the operations of their companies are running smoothly. It is this aspect that is implied in the gig economy for the employers.
The employers will be able to interact with their employees daily since they are the algorithm. The employer will make it easy for the employees to log into the algorithm and accept the delivery or decline it depending on their preferences.
Similarly, the gig economy will make it possible for the employers who are seen not to be performing to the level that is required will be able to be notified to adjust especially when it comes to employees payment and improvement of work productivity.
- Adoption of New Management Approaches
Gig economy will ensure that all the employers in the United States adopt the scientific management theory approaches to help them in a useful measuring of their employee’s performance.
In this case and unlike in the traditional job environment, the employers can detect who is not working to the best of their knowledge. It also helps the employers to give rewards to their employees appropriately since they can track their performance quickly.
Additionally, it will be necessary for the managers of the human resource especially when they are formulating worker-based decisions.
- Adoption of New Employee Payment Methods
In the gig economy, employees need to be paid concerning the amount of task they have performed. As such, there is a need for employers to determine the amount of work done and know how best it is to attract a certain amount of payment.
As such, the gig economy will ensure that the employers adopt the new way of payment based on the performance of the employees and not the traditional monthly salaries.
The employers in the United States will ensure that they are following the pay fair which comes with the gig economy.
The gig economy will eradicate the idea of every employee being paid similar amounts of salary regardless of the magnitude of the task accomplished among the employers.
The employers will adopt the calculation of the time used by the employee and the amount of money that is supposed to be paid for the task done. This time will also help the employer to know the time that will be taken by future operations of the same kind to their perfection.
- Proper Hiring Techniques Based on Merit
The gig economy will also change the nature of the employers’ work by ensuring that employers can determine the right employees to hire. As everyone knows, some employees work differently as compared to others.
Through the application of the time calculation mechanism by the employers, the employers will be able to critically examine their employees and pick the best out of them to hire for a given task.
This will ensure that the efficiency of the workplace is appropriately improved. Most of the employers have identified this formula in the United States, and it will help them a great deal in moving their operations forward.
- Adoption of a Modern Organizational Structure
The gig economy’s organizational structure has been adopted by most of the employers. As such it is projected to affect the other sectors of the economy in America.
The employers will, instead of merely signing employees they will tend to match them with the right tasks for them where there is high motivation as well as capability.
The gig economy has it that all the employers should employ only those employees who are willing to perform the task. Everyone who has the interest to work in the gig economy should register in the algorithm and select their area of operation.
The employers are therefore given an easy time of making their rightful selections. It is in this manner that a lot of changes have been evident in the nature in which employers conduct their work.
- Division of Labor and Specialization Among the Employers
Lastly, the employers will be able to divide the tasks into what might be seen as smaller units for the employees to handle them correctly. This is advocated in the gig economy where the divided tasks should be accomplished by every employee in the most effective way.
The opposition of the teamwork which is adopted by most managers and general employers in the gig economy is copied from the scientific management theory that tends to discourage the holistic evaluation and measurement of the employees’ performance.
As such, it encourages the best relationship between the employer and the employee, what the gig economy also proposes significantly.
Gig economy is majorly based on the measurement of individual performance, both the employee and the employer alike. The organizational structure of this economy advocates for the employees’ management as well as their roles through the utilization of an algorithm. SEE ALSO: 3 powerful tips to help you achieve your dreams.
Through the gig economy, the nature of the employees’ work will change, and they will have a lot more freedom and responsibility as opposed to what was previously seen in the traditional workforce economy.
On the other hand, the employer’s work is understood to also change significantly due to the adoption of specific employee management techniques that are presented by the gig economy.
As such, with the integration of this gig economy in the United States, there will be great coordination between the employees and the employers hence enhancing more and more productivity.