Today’s workers are looking for more variety in their work lives, and many are turning to the freelance and contracting sectors of the economy. As a freelancer, you’re in charge of your own schedule. It’s ideal for those just starting out in their careers, whether they be students, parents, retirees, or anyone else who wants to strike out on their own.
The term “gig worker” is defined.
A “gig worker” completes temporary tasks for various clients and businesses. Freelancers come in many shapes and sizes, from the more traditional (web developers and copywriters) to the most novel (Uber drivers and pet sitters). A gig worker can work anywhere, not just from home, and this includes on-site or office positions that are temporary or part-time.
The term “gig economy.”
The term “gig economy” refers to the trend of businesses hiring people on a temporary or as-needed basis. Rather than hiring people full or part time, several businesses have opted for shift-based contracts.
Not everyone wants to settle down in one place with a stable job when the time comes to hunt for work. The trend toward participation in the “gig economy” is widespread. Freelancing provides the flexibility to work part-time, temporarily, full-time, or on a project-by-project basis for various employers. Freelancing platforms and applications have become the norm for finding contract work. When it comes to finding local gigs in person, Employed USA is one of the best websites out there.
A Variety of Freelance Workers
One who works in nonstandard capacities, such as on a freelance basis, as an independent contractor, or by picking up shifts as needed, is known as a “gig worker.” Gig workers do their duties on a contractual basis rather than as full or part-time employees. Gig labor can take several forms.
Shopping for groceries
Caregivers for animals
Aid to the elderly
Food and drink service for events
Stock clerk in a warehouse
How much money can you make working gigs?
Statista predicts that by 2023, the gig economy will be valued $455.2 billion. Why? More and more people are ditching the 9 to 5 grind in favor of more flexible schedules.
Delivery drivers and supermarket shoppers that work for larger platforms often earn more than the minimum wage, with the amount they earn depending on where in the country they are based. It’s safe to assume that an Uber driver in a large city like Atlanta or Houston will make more per hour than one in a smaller town.
Top advantages of the gig economy:
Many people are drawn to the gig economy because of the freedom it offers in terms of time and location.
Contract employees have more control over their schedules, allowing them to strike a better balance between work and personal life. College students, retirees, and parents all love gig jobs because they allow them to choose their own hours and prioritize their responsibilities.
Try out a few different businesses: Unlike full-time employees, gig workers might switch employers frequently and put in fewer hours overall. You get a taste of what it’s like to work for each organization, and there’s always a chance you’ll be offered a permanent position down the line.
Negative aspects most associated with working in the gig economy:
Contract or gig workers rarely receive perks like health insurance or vacation time from their employers.
However, as a contractor, you have less job security (even if it is generally easier to obtain another work or contract) because most organizations only give established contracts and severance to full-time employees who are laid off or dismissed.
Most gig workers rely on tips or commissions from their customers, such as delivery and rideshare drivers. Your reputation and income can take a hit if your clients on a freelancing platform don’t like your work.
Career significance: The type of work you take may or may not be in line with your long-term professional objectives. Dog walking and food delivery, for example, can be easy ways to make some extra cash quickly, but they might not be the best long-term solution.