The Avril Riley Podcast

Episode 6: Rise of the Gig Economy


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Are you tired of the 9 to 5 job and want more control of your day? Do you want more flexibility on the work scene or are you a traditional worker?

[01:47] What do millions of freelancers, contractors, temps and on-demand workers have in common?

[03:25] More people are choosing to earn their salary working gigs. What is this gig economy?

[04:00] What does the gig economy include?

[04:58] 3 core factors drive the gig economy, 1) flexibility, 2) Variety, and 3) Passion

[ 06:42] Top reasons why individuals chose to work in the gig economy - 48% want autonomy...

[07:35] How is the workforce changing?

[07:50] Impacted sectors: computers, communications, professional services, healthcare, education...

[08:35] Driving forces of the gig economy; digital age, mobile workforce, workplace hoteling

[09:22] Hoteling concept explained - companies are adopting this concept @ work

[10:55] My own example of leveraging the gig model

[12:31] Gig economy is lucrative

[13:33] by 2020 the US gig economy is predicted to reach 43%

[13:55] 20-30% of the Canadian workforce are already non-traditional workers

[14:52] There are no signs of the gig economy slowing down. It is growing at a phenomenal rate

[15:20] In the UK it is estimated 5M are employed in this

[15:47] What does the gig economy mean for employers?

[16:48] What does the economy means to you? Need the right-mindset...

[17:19] Planning your life becomes harder when you have no concept of how much money you will make

[17:41] Need to ask some tough questions e.g. what will a good job look like in the future?

[17:54] How do you plan for your financial future?

[18:51] … a sea of change...

[19:27] How do we respond to the rise of cross border telework?

[19:55] Do you believe the old fashion job remains king?

[19:59] Are you an innovator or a laggard?

[20:07] To the innovators I say...

[20:20] To the laggards I say...

[20:31] If you are neither an innovator or laggard and have a different perspective on the gig economy, let's continue the conversation on avrilmriley.com

[20:44] How will this impact your future of work?  This a question we have to ask.

 

Order Your Copy of my transformational book today @ www.avrilriley.com/shop

Big Dreams Don't Just Happen - Challenge the status quo, renew your mind, re-envision your future and re-define your goals.

 

References and more reading:

The Growth of the Gig Economy: A Look at American Freelancers - https://www.businessnewsdaily.com/10359-gig-economy-trends.html
The gig economy: Achieving financial wellness with confidence. BMO Wealth Management, Canadian Edition, July 24, 2018. Retrieved from https://wealth.bmoharris.com/insights/professionals-executives/plan/gig-economy
Retrieved from https://www.marketwatch.com/press-release/bmo-wealth-management-report-workers-joining-gig-economy-face-array-of-financial-challenges-opportunities-across-generations-2018-07-24
Retrieved from https://www.bls.gov/careeroutlook/2016/article/what-is-the-gig-economy.htm
Retrieved from https://www.bbc.co.uk/news/business-38930048
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The Avril Riley PodcastBy Avril Riley - Leadership Coach