Gigafication is a free market system where businesses engage independent workers for short-term contracts. In a gig economy, corporations recruit independent contractors and freelancers rather than full-time employees because they are more flexible.
The slang term “gig” refers to employment with a set duration. The gig economy includes both employees and the businesses that hire them temporarily. As a result of the gig economy, services have become more affordable and valuable to those willing to use them.
However, there are certain drawbacks to gigafication as well. For example, employees are frequently required to make themselves accessible when gigs become available, regardless of other obligations. They must also continually be on the lookout for their next opportunity. As a result, some employees may have difficulty maintaining a work-life balance. Here are some of the other ways gigification transforms the work environment.
Multiple Jobs and Skill Sets
In the gig economy, workers increasingly perceive gigification as a platform that allows them to work on multiple projects for different companies simultaneously. As a result, employees will be able to take advantage of a broader range of opportunities, which would have been otherwise difficult.
So instead of doing the same thing every day, employees are allowed to work on many different projects and learn a wide range of skills and knowledge. Workers can use their creativity and problem-solving skills to keep the company functioning smoothly.
Increasing Remote Work
Employers benefit from gigification since they no longer have to hire employees who live close to them and can therefore choose from a larger pool of expertise. And as a result of increased digitalization, it has become increasingly regular for people to work from home and customize their employment to their specific requirements.
In the United States, it is estimated that by 2023, 52 percent of the workforce will be employed in the gig economy or will have done so at some stage in their profession. If you cannot acquire full-time staff, you can hire someone on a more limited basis and use them during peak periods in your company’s operations.
According to research, 85 percent of Americans in the gig economy say they have expanded or plan to increase their gig work. With unified communications, remote workers can efficiently complete specific tasks, facilitating the shift toward gig economy work models.
For example, new technologies such as a centralized cloud-based communications platform called UCAAS unify communications for many businesses. In addition, internet phones, instant messaging, and other forms of communication are all integrated into one application.
Creating a Colorful Portfolio for Early Professionals
A professional portfolio is a great way to show off your experience while also highlighting your qualifications for a particular position. In addition, a well-rounded portfolio will help a prospective employee stand out from the competition. Fortunately, the application of gigafication can significantly raise the value of a portfolio.
Gigafication offers substantially more opportunities than regular employment. Workers with a limited portfolio can continuously secure work and expand their portfolio by working for various companies. This enables them to compile a comprehensive portfolio of all jobs completed.
Providing More Earnings From Less Work
Workers in the gig economy are effectively their bosses, and they have unlimited flexibility over how, where, and how long they want to work each day. As a result, they can negotiate for remuneration and earn significantly more money in many situations.
For example, gig workers might earn more money in some industries while working fewer hours than their FTE (full-time equivalent) counterparts in the same field. More than a third (36 percent) of workers have supplementary or primary employment in the gig economy in the U.S.
Gigafication Provides Opportunities
A significant advantage of the gig economy is that it provides for greater employment flexibility and adaptability in response to shifting market conditions. For most companies, independent workers are hired for short-term, project-based tasks, which means they are not paid a regular salary but are instead paid a fee for their services. As a result, employees benefit from a more flexible workday, and it’s a win-win situation for both employers and employees.