the rise of Gig in economy - pros and cons
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Answer:
Explanation:The Pros and Cons of Gig Work
Like any job, there are pros and cons to participating in the gig economy.
Pros of Gig Work
Flexibility: The most obvious gig work pro is flexibility. As a gig worker, you get to choose when and where you work, which clients you take on (and which ones you don’t), and even set your rates in some situations. You can choose to work only weekends, only nights, or only one hour a week if you like.
Test Drive Something New: Gig work is something some people do for additional income. But for other people, it’s a way to test-drive a new career. For example, if you love pets and have thought about becoming a pet sitter, gig work as a dog walker or pet sitter is a great way to dip your toes in the water and see how much you love—or hate—doing it.
Being a gig worker allows you to explore a passion and see if it’s something more than a passing fancy, without losing your primary source of income.
Save time and money, while making businesses more agile: In a gig economy, companies may lessen their costs linked to resources like money and time. Money is easily saved by hiring experts not for longer permanent durations, but for shorter project based timelines. This also saves on the lots of privileges that any permanent expert enjoys as perks of a high paying job, ones like paid vacations and insurance. This especially is useful for jobs requiring more technical expertise where the concerned person is hired for a shorter duration.
Also, permanent staff selection procedures are much more time and resource consuming. The digital app based platforms can easily be used to hire experts for all kinds of jobs as and when required, even without geographical constraints.
Cons of Gig Work
1. Lack of Benefits: Once you’re in business for yourself, you’re in business for yourself. And that means it’s up to you to provide the benefits. Yes, you can choose when you work and when you don’t work, but the reality is, you don’t get paid if you don’t work. And, as a gig worker, you likely won’t have health insurance or other benefits, either.
2. Inconsistent Income: With most gig jobs, you’re paid by the project or task. The problem is, you may not have control over how many tasks you’re able to complete in a day or a week. If no one wants a ride, needs something assembled, or wants you to deliver something, you won’t make any money.
3. Burnout: Working multiple jobs or at odd hours isn’t for everybody. Some people find that as flexible as the work is, gig work becomes tiring and stressful after a while.
4. Loneliness: As they say, habits go away slow. Even the random complaint from a boss or a colleague is sometimes missed by the lonely individual worker, in a gig economy. This may especially be true for the ones with issues such as long distances or even long working hours to contend with, like the delivery personnel or drivers.
Also, people involved in writing, editing, designing or web development or similar desk jobs, may start to have limited access to real life human interactions. Though, as their number increases, so will the number of co-work spaces increase eventually. It’s places like these which can then be utilised for trying to lessen the loneliness wherever possible.
5. Need for more discipline and resilience: Individual workers in a gig economy may enjoy a lot of freedom, but this freedom may also create a sense of indiscipline sometimes. As they say, with great power comes great responsibility, so the workers shall have to show even more grit to complete projects on time, assure the clients of quality delivery, while also showing more resilience to probable rejections, or even greater scrutiny from the clients.