gig economy

(redirected from a gig economy)

gig economy

A labor market in which temporary or freelance work is common. A "gig" is a one-time job. After getting laid off from my full-time office job, I started doing freelance work, like many other people in the gig economy.
See also: economy, gig
References in periodicals archive ?
"Just as entrepreneurs with skills focused on niche markets are the most successful in a gig economy, Hela Job is focused on the needs of local businesses and local job seekers," said Hela Job Founder and CEO Ioannis Antypas.
Through libra, a gig economy worker with a Facebook account will be able to receive payment as quickly as consumers receive products and services from marketplaces.
Today, let's check whether there is a gig economy in the Philippines.
So what exactly is the 'gig economy?' Investopedia says: "In a gig economy, temporary, flexible jobs are commonplace and companies tend toward hiring independent contractors and freelancers instead of full-time employees.
Leadership development and executive coaching programs will need to emphasize the new challenges of leading in a gig economy. It is more difficult to lead a talent portfolio composed of a coalition of employees, contractors, and consultants than it is to lead a team of people who work for the same business.
Equip managers with the training and coaching to better understand how to more effectively lead in a gig economy where functional and project teams include contingent workers, consultants and full-time employees.
A gig economy is an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements.