New research shows the significant role gig workers will play in the economy as businesses reshape for the future. A report called Gig Economy: Financial Security or Greater Control shows that 18% of UK HRDs expect over 75% of their staff to be gig workers in just five years, while 26% of European HR directors believe their workforces will have 51-75% of gig workers within the same period.
Zego, the Swiss RE-backed UK insuretech, in November 2019 awarded an insurance licence to operate as an insurer in Gibraltar. This step allows Zego to act as a carrier and build and sell its own products under Gibraltar domicile and regulations. Zego was launched in 2016 in order to provide flexible insurance for the gig economy and has since expanded its B2B offering to cater to the fast-growing market
In Europe and around the world, many people are delivering fast food on bicycles or acting as taxi drivers in their own cars, not quite employees and not quite self-employed. Following recent legal judgements in France, the UK and in other countries, the contractual status of these “gig workers” is again being questioned. We hear of the benefits of the flexible lifestyles afforded to workers in the “gig economy” but also complaints about precariousness and exploitation.
A pioneering study from Source Global Research and published in March 2018 by Odgers Connect, shows evidence of a growing ‘professional gig economy’ of highly-skilled, independent workers that is flourishing in both the U.K. and Europe. This growth is driven by companies that have cut back on core staff and which increasingly rely on outsourced professionals. Brexit and new regulations are the two factors that favor independent consultants because
Randstad North America, a global provider of HR services, in December 2017 released its 4th Quarter Talent Trends Quarterly, an analysis of current hiring and workplace trends that will impact the U.S. workplace in 2018 and beyond. The report opens with a warning to human capital and business leaders: ‘embrace change to (their workforce’s) advantage or potentially fall behind’, and recommends that employers ‘become more agile, open, and flexible