Eight key trends leading to the future of gig economy

EduCity Leadership Summit (EdLeadS) 2021

Speaking at the EduCity Leadership Summit (EdLeadS) 2021, Shareen Shariza Abdul Ghani, Chief Executive Officer (CEO) and Co-Founder of GigXGlobal, discussed key trends that will lead the gig economy to be the future in major businesses.

Firstly, the trend of wellbeing at the forefront. She explained that a holistic approach is needed for wellbeing and, not just in policy making, but in practice and in behaviours. The care and support, as key success factors, are essential for work and home. For instance, mental health issues in the workplace.

Next, the trend of remote working is quickly alluding into the mainstream business. This is mostly due to the Covid-19 outbreak, but this trend will acquire a foothold as companies see the economic benefits of this style of working.

Flexibility and agility are also contributing to the trend towards the gig economy. Currently, all work is based on their work. In contrast to the more traditional work environment, it is based on the effort shown to the higher ups like staying late every day for work.

Additionally, the future of the gig economy will lean more on skills and not qualifications. The future of skills will move from the linear to a more ‘Z-shaped skills’. The skills mentioned are shaped skills which combine deep business and digital literacy with soft skills.

“The hybrid generation also implies the future of the gig economy. Look how EdLeadS uses Zoom to initiate a programme like this. The integration of humans and automation to complete a task can benefit not just the people in the gig economy but to almost everyone in the post Covid-19 world,” she said. 

“Covid-19 also accelerates the bond between devices and humans to create a better future for the gig economy.”

“Gig economy also is an On Demand workforce which actively contributes to the trend leading to the future of the economy. Now, contingent workers represent 15-25 percent of the global workforce and the number will keep growing,” added Shareen.

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