The GIG Economy and The New Way of Work

Today’s workplace is becoming radically different. Huge changes are taking place in comparison to twenty years ago – and this is reflected in the way we currently conduct work. As the world of work keeps evolving, we are becoming more dynamic, more flexible and we are forced to adapt to the new way of work.

For many people, the word ‘work’ no longer means nine to five, a commute, or a designated desk. Companies are offering remote and flexible work terms and employees are increasingly demanding it. An entire generation of independent contractors are leveraging their expertise to live outside of traditional working environments, all enabled by the digital world in which we live. To support this new way of work, gig economy companies, such as UBER, fluidmeet, Uber Eats, Careem, Grubhub, Talabat, Deliveroo, Zomato, and Amazon, are all using such independent contractors as part of their plans.

What is the Future of Work and What Are Giggers?

Over the next decade, work is expected to change even further. Digital freelancers simply need an internet connection and a laptop to do their work. This desire for flexible working has allowed ‘giggers’ to take advantage of the new way of working. All they will need is a co-working space, and they can work independently in their own time. Furthermore, in today’s turbulent environment, there has been a gradual decline in the number of stable, permanent, employee contracts, and there has been a lot of growth in temporary work, self-employment and freelance work across the world over the last 20 years. According to Upwork’s comprehensive Freelancing in America survey, 90% of independent worker believe the gig economy will only multiply as time goes on.

People are favoring to break away from the 9 to 5 hours movement for more independent jobs. These types of workers are called giggers.  Giggers get much more flexibility and a higher degree of freedom.

What Exactly is a Sharing Economy or a GIG Economy?

The terminology gig economy refers to a general workforce environment in which short-term engagements, temporary contracts, and independent contracting is commonplace. Freelancers are a perfect example of this gig economy. It is also referred to as the “freelancer economy,” “agile workforce,” “sharing economy,” or “independent workforce.” The gig economy has previously been called the “sharing economy” — mostly about platforms such as Airbnb — and the “collaborative economy”. Sharing an office is another example of this, whereby freelancers use shared offices and use a shared space for a co-working environment.

Why Would Millennials Benefit from Co-Working?

Because Co-working is Less Costly

It is far less expensive to rent an office in a co-working space than to rent your own office. Given the growing popularity and sophistication of these office spaces today, workers (or giggers) appreciate the amenities they are offered that they may not have access to in a more traditional setting – a break room; one or more conference rooms for meetings with clients, plus other attractive services.

Because Co-Working is a Shared Economy

Networking is an essential component of co-working and many people choose these flexible workspaces to interact with like-minded people, exchange experiences with professionals and other entrepreneurs, share ideas and not just the space, and find new clients. If you are an entrepreneur, a startup, or a gigger, you will be surrounded by talented professionals that are skilled in different of fields, allowing you to build valuable business connections that will lead to mutual successful businesses.

Because Giggers Are Happier with the New Way of Work

The giggers that choose to work from a co-working space have the luxury to work in an environment that promotes a healthy work-life balance. People are typically happier to work in co-working spaces since they work for as long as they wish, at their own time. Co-working spaces provide a vibrant and stimulating environment that promotes interaction with creative people and a chance to meet other giggers.

 This ‘Collaborative Economy’, which was valued at $15 billion back in 2014, is now projected to grow to a

high $335 billion in 2025.

It’s safe to say that the gig economy has had an impressive impact on the work environment all over the world. Startups, freelancers, SMEs and entrepreneurs alike have abandoned the corporate world and have switched to a fresher approach to the spaces they work in and run their businesses from business centers, virtual offices, serviced offices, and co-working spaces. Therefore, the gig economy is on the rise! Be part of the gig economy and share your office space now!

Do you have any questions or are you in need of our help to book a co-working space, an office space, a meeting room, or an event space? fluidmeet will be glad to assist you.

fluidmeet allows users to book everything from events, celebrations, meeting rooms to banquet halls to co-working spaces to serviced offices. It’s your time, your choice. We will make and guarantee availability for you.

Blog Prepared by fluidmeet Staff Writer
Author: Maha Ahmad (marketing@fluidmeet.com)
support@fluidmeet.com

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About fluidmeet:

Established in 2015, fluidmeet is a leading online market place and an emerging booking and venue management platform that “connects” individuals and corporates seeking rental of serviced offices, co-working spaces, meeting rooms and banquet halls with venues and their hosts in a timely, cost-effective and efficient manner.