You Probably Use The Gig Economy And Don't Know It

GIG THERE lt's OUT WORLD IF YOU'VE EVER RENTED AN AIRBNB ROOM OR CALLED FOR AN UBER DRIVER-you're among the millions of Americans engaging in the ever growing "gig" WORK IT! economy. DISRUPTING THE INDUSTRY NORM: The "Freelancer Revolution The Gig Economy (a.k.a. sharing or on-demand economy) is fueled by interconnected technology that GIVES INDIVIDUALS THE OPPORTUNITY TO BECOME ENTREPRENEURS, working part to full time, while using their own strengths and skills The Basic Gig Model PROVIDERS FREELANCERS CLIENTS App-based startups (e.g., Uber) provide the infrastructure for workers to perform services for client, bypassing the traditional employer-employee relationship Gig/independent workers make agreements with on-demand companies (e.g., Uber drivers) to provide services to the company's clients and are compensated for the jobs Request services through an web platform/smartphone app that allows them search for providers for specific jobs Hundreds of thousands of peer-to-peer transactions are being made each day as gig companies facilitate a business model that's redefining working and consuming AN ECONOMY "ON-DEMAND" Creating Microentrepreneurs HOW BIG KO+Million 50+ is the GIG ECONOMY? ENTERED THE GIG ECONOMY WORKFORCE IN 2015 That's an increase of 700,000 workers from 2014! WHO'S 44% of US adults have participated in gig economy transactions either as freelancers or clients getting ON BOARD? That's 90 MILLION people in the United States alone! aso buying and 22% 42% 70% of Americans HAVE USED of Americans have ALREADY OFFERED some kind of good/service in this economy of Americans have ONLINE GOODS EXCHANGE SERVICE PLATFORMS ALREADY USED on-demand services O airbnb Hosts airbnb UBER Drivers UBER ebay Etsy Riders Guests UBER HAS BECOME THE FASTEST-GROWING STARTUP IN HISTORY-VALUED AT $60+ BILLION $50 BILLION $60+ BILLION IN JUST 5 YEARS! $41 BILLION $17 BILLION $3.5 $60 $330 MILLION BILLION MILLION Feb 2011 Nov 2011 Aug 2013 June 2014 Dec 2014 May 2015 May 2016 THE UBER OF "X" UBER F. like THE Goods & Services Postmates.com Get any product/food from any store couriered to you in <1 hour POSTMATES Pickup Truck Buddies Buddytruk.com Short-haul moving for furniture on demand buddytruk Massages Zeel.com zeel Same-day delivery of licensed massage therapists to your door Dog-Walking Swifto.com GPS tracked walks with your dog complete with live pictures WILL THE Swifto ON-DEMAND, GIG Chores TaskRabbit.com Taskers perform chores and errands you don't want to do ECONOMY TaskRabbit LEAD THE ECONOMY OF THE FUTURE OR IS IT COMING TO A HALT? Beauty services StyleBee.com Brings make-up artists/salon specialists into your home, so you can get ready in style for date night STYLEBEE Work is changing SHOULD PROTECTION FOR GIG WORKERS CHANGE AS WELL? Described their experience offering services as... MOST GIG WORKERS ARE HAPPY WITH THEIR JOBS 71% Positive 22% Mixed 2% Negative 5% Something else Though 58% of freelancers agreed THAT PROVIDERS WERE EXPLOITING THE LACK OF REGULATION IN E INDUSTRY MODEL 58% PRO CON Work/Life Balance NO MORE SAFETY NETS Minimal or nonexistent benefits - Sick leave - Reimbursements FREEDOM FROM THE 9-5 - Priceless VENTURING INTO THE GIG ECONOMY PRO CON Good for Companies? COMPANIES SAVE ON EMPLOYEE EXPENSES - Payroll taxes - Health insurance - Office space - Training LOSING CONTROL FORCED TO GIVE UP CONTROL over exactly how and when workers do their jobs LEGAL ISSUES regarding employment misclassification and mounting federal government scrutiny OLD BUSINESS MODELS CAN BE Smart & Sustainable Over the last year SOME GIG COMPANIES instacart LUXE Shyp HAVE REVERTED TO HIRING EMPLOYEES RATHER THAN RELYING ON FREELANCERS MANAGED BY Q Office cleaning and maintenance LUXE Valet parking INSTACART SHYP Shipping app Grocery delivery service company Go - GOOD BENEFITS AND GOOD PAY might create an environment Figure WHERE EMPLOYEES TAKE PRIDE IN WHAT THEY DO, WORK HARDER, AND STICK AROUND? Selling your handmade earrings on Etsy or your mad spring cleaning skills with TaskRabbit- THE WORK WORLD APPEARS TO BE CHANGING- but is this change ultimately for the better? PRESENTED BY selfstorage.com Sources: fas.org/sgp/crs/misc/R44365 pdf time.com/4169532/sharing-economy-poll whatis.techtarget.com/definition/gig-economy DVELOPED N NOWSOURCING cnbc.com/2016/04/15/uber-lyft-effect-on-economy-show-work-innovation-case.html ibtimes.com/meet-gig-economy-companies-see-investing-workers-smart-business-strategy-2336721 forbes.com/sites/zalmiduchman/2015/07/14/the-on-demand-economy-is-here-to-stay-and-now-is-the-time-to-put-it-to-use-for-your-business selling stuff onir Americans are.