Uber, Airbnb, and a few other also-rans are no longer the only focus of the gig economy. A wide range of industries are represented by the world’s leading gig economy enterprises.
It includes healthcare, pet care, ride sharing, and entertainment. We’ve compiled a list of the top 15 companies to keep an eye on in the gig economy in 2020.
As of the past few years, the “gig economy” has acquired tremendous traction around the globe.
The biggest gig economy organisations are now utilising temporary workers and freelancers to strike a balance between flexibility and competitive pay.
Global spending on gig work topped $4.5 trillion in 2019, according to Staffing Industry Analysts.
As a result of the pandemic-induced labour scarcity and an increasingly competitive market for app-based share-everything businesses.
The cost of freelance and contract employment is rising “Ari Levy, a CNBC analyst, explains. Consumer demand must be met while companies must find innovative ways to strengthen the supply-end of their platforms in order to continue growing rapidly.
What Does “Gig Economy” Mean?
It is difficult to define the gig economy because there are so many distinct types of gig jobs. Despite this, there are some system-specific features.
“As Anne Keegan from Ireland’s UCD Michael Smurfit Graduate Business School describes it as –
“a broad definition of the gig economy refers to a move away from the normal employment relationship towards increasing flexibility—all contract work, contingent labour,” she says.
She’s a professor of international human resource management who studies the challenges and prospects of the “gig economy.”
What Did Gig Company provides to the Consumers
People who want an alternative to conventional products and businesses can find it in the gig economy.
When it comes to the gig economy, people look for flexibility, lower prices, or all three. This is the case for both Uber and Grubhub, two popular on-demand food delivery services.
It’s not just the lack of a service or its high cost that has led to the rise of gig applications. In regions where hotel rooms are scarce.
Airbnb has played a role in making more short-term accommodations available, and at lower prices.
There is room for politicians, innovators, and new intermediaries to create solutions in areas such as benefits, economic security, and training/credentialing.
As technology alters the nature of work, workers and traditional employees alike will need to become more proactive in their roles.