Gig economy x2

Gig economy x2

Gig economy workers

It’s a tale of two gig economies. On the one side are independent gig workers such as regular freelancers who like the advantages of non-traditional working. On the other are the contingent gig folk, such as on-call, contract and temp workers, who are treated more like employees, but, of course without the benefits, pay and stability of traditional employment.

And currently, 36% of the entire US workforce participates in the gig economy in some capacity, including part-timers and multiple jobholders, according to the Gig Economy and Alternative Work Arrangements report from Gallup.

Gig workers are more likely to work less than full time (under 30 hours per week) compared to traditional workers. Among those who are working less than full time, about six in 10 do not want to work more than 30 hours a week, while four in 10 are looking for more hours.

And that bi-polar gig-ness surfaces once more when it comes to job satisfaction.

Independent gig workers experience higher levels of work/life balance, motivational pay, meaningful feedback and creative freedom. By contrast, temporary and on-call workers report receiving less feedback about their work and less freedom to innovate in their role. In many aspects of their work — belongingness, passion, autonomy, creativity, feedback, performance metrics and hours — contingent gig workers are more similar to traditional workers than they are to independent giggers.

Image: Gallup

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