The world is changing, and so should you if you want to stay relevant and financially stable. Unlike before, most people are slowly embracing the gig economy. People prefer short-term contracts and freelancing to permanent jobs in this emerging labor market.
A recent study conducted in 2023 revealed that 4.4 million people in the UK work in the gig economy. This sector contributes £20 billion to the country’s GDP, approximately 4% of the economy. Experts predict that by 2026, over 14.86 million people will be working in this labor market.
Another country with a vibrant gig economy is New Zealand. About 10% of the workforce is involved in gig work or a similar job arrangement. With internet connectivity increasing and many people desiring a more flexible work plan, gig work and freelance services might shape the future of work.
Benefits of Working in The Gig Economy
The rise of the gig economy is mainly fueled by its many benefits to professionals across all industries. They include;
- Flexibility for Workers
Having a permanent job means that an employee has limited ability to work for more than one company or organization. The gig economy solves this challenge by allowing people to choose their working hours, location, and type of work they can handle.
This benefit makes it ideal for individuals balancing other commitments, such as students, parents, guardians, and professionals pursuing creative passions outside their careers. Deciding when and how many hours to commit per day is a huge benefit that endears the gig economy and remote jobs to many.
- Diversification of Income Streams
Most financially stable and successful people have three or more income streams. The gig economy allows ordinary workers to work multiple jobs, diversifying their income sources and boosting their earnings.
- Opportunities for Skill Development
To remain relevant and competitive in today’s job market, people must start embracing continuous learning. Most gig jobs require individuals to take on different roles, such as providing customer service and being involved in marketing and finance.
Having multiple roles helps them acquire new skills that expand their skill set and suitability for even better jobs in the market.
Why Are Most People Hesitant to Join the Gig Economy?
Like any other market, the gig economy is not immune to challenges. One of the main challenges is physical and mental strain. Most gig workers often work outside the regular work periods and remotely, which can lead to boredom, burnout, stress, anxiety, depression, and sleep disorders.
Solution: Taking regular breaks, working from a shared co-working space, attending networking events, and spending time outdoors will help alleviate the effects of working multiple jobs or alone online.
Another genius way to prevent boredom and loneliness is to unwind by playing fun and relaxed games. Whether it’s a simple puzzle game like Tetris or Candy Crush or your favorite casino slot title, playing games is a sure way to relax your mind. Better yet, the best casino games like blackjack and roulette are social and you can interact with other players breaking the boredom.
Whichever your favorite game is, don’t shy away from suggesting it to your friendly remote-working colleague so that you can have a fun time outside work. If that feels like a stretch, you can set up a Zoom or Skype call to catch up virtually.
Adapting to a New Work Reality
The gig economy is redefining the future of work, offering unparalleled flexibility, opportunities for income diversification, and avenues for skill development.
Be sure to upskill and embrace continuous learning to stay relevant and acquire new skills to qualify for even better-paying jobs. More importantly, connect with other professionals in the sectors you work in or are interested in to expand your professional network.
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