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Is The Gig Economy Working?

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The current state of the gig economy in the UK does not place it in a positive light.. A new report from the CIPD found that only 4% of working people between 18-70 are employed in the gig economy, primarily as a way to top-up their current earnings. But despite the recent negative headlines, the gig economy can offer a viable talent source for companies rather than be perceived as a way to avoid employment costs.

As someone whose main source of income comes from the gig economy this report was of personal interest to me. Where did it all go ‘wrong’?

Described by Deloitte as the ‘open talent’ economy, ideally the gig economy enables employers to source scarce skills or meet a short-term skills requirement. Broadly, these are seen as two distinct areas:-

SOURCE: katesmedley.com