For many lower-wage earners, the gig economy can be a viable alternative to traditional full-time employment. Employers must creative a thriving workplace culture to attract these workers.
The gig economy refers to a labor market characterized by the prevalence of short-term contracts or freelance work, as opposed to permanent jobs. Also known as the sharing economy or on-demand economy, the gig economy has seen significant growth in recent years, and is expected to continue to expand in the United States in 2023 and beyond.
One of the main drivers of the gig economy, and its current market growth, is the increasing use of digital technologies to connect workers with employers and customers. Platforms such as Uber, Lyft, and TaskRabbit have made it easier for people to find short-term work and for employers to find workers on an as-needed basis.
This has led to the growth of a new class of workers, often referred to as “gig workers,” who earn a living by taking on multiple short-term jobs rather than working for a single employer.
Gig work offers flexibility
Gig work can provide a way for workers to earn extra money on the side, even if they already have a full-time job. In a gig economy, workers have more flexibility to choose when and where they work, which can be especially appealing for those who have other responsibilities such as caring for children or elderly family members.
For many lower-wage earners, the gig economy can be a viable alternative to traditional full-time employment, and can still provide opportunities to learn and develop valuable career skills often gained through traditional employment.
Gig work offers entrepreneurial experience
The gig economy lets earners more easily scrutinize their prospects. This scrutiny allows workers better control of the types of clientele and opportunities they accept, giving them a sense of autonomy and entrepreneurship in their roles.
Gig work can feel – or sometimes is – like being your own boss, and provides contract workers with a chance to learn important skills like self-discipline and contract negotiations. Being your own boss, however, also means being able to self-motivate, as no one directly supervises workflow or productivity.
There are downsides to being a contract worker
The gig economy also has its drawbacks. Self-starting is not a trait everyone possesses, but is vital for contract or task-based work. Gig work also lacks the benefits and protections that come with traditional employment, such as health insurance, paid time off, and unemployment insurance.
Additionally, gig workers may face unsteady job security and may struggle to make ends meet if they are unable to find enough work to replace a full-time income.
So how can employers attract gig workers back to full-time employment?
Creating a healthy, authentic, and attractive workplace culture is essential for companies looking to attract workers out of the gig economy and into full-time employment. In today’s job market, talented employees have more options than ever before.
Company culture can be a powerful tool for differentiating your organization from the competition.
When it comes to workplace culture, authenticity matters
One of the most important elements of an attractive company culture is authenticity. Employees today are looking for more than just a paycheck. They want to work for an organization that aligns with their values and beliefs.
By creating a culture that is true to your company’s mission and values, you can attract workers who are passionate about your organization and committed to its success.
Focus on employee well-being
Another key element of an attractive company culture is a focus on employee well-being. A healthy work-life balance is essential for keeping employees engaged and motivated, and it can be a powerful attractor for workers looking to transition out of the gig economy.
Companies that offer flexible schedules, remote work options, and generous benefits packages are more likely to attract workers who are looking for a more stable and fulfilling employment experience.
Build a sense of community and belonging
Creating a sense of community is also a vital part of building a healthy and attractive workplace culture. Employees who feel connected to their colleagues and their organization are more likely to be engaged and productive.
Companies can foster this sense of community by hosting team-building events, encouraging employee participation in company-wide initiatives, and celebrating successes together.
Trust is key
Finally, it is essential for companies to create a culture of transparency, communication, and trust. Employees who feel that they are in the know and that their opinions matter are more likely to be loyal and engaged.
Open communication channels, regular employee surveys, and transparent reporting on company performance can help build trust and engagement among employees.
You have the tools and the position to build an exciting, engaging, and enthusiastic workforce. Now you need to create the opportunities.
Companies that create a healthy, authentic, and comfortable workplace culture can attract workers out of the gig economy and into full-time employment.
By focusing on authenticity, employee well-being, community-building, and transparency, companies can create a culture that appeals to workers looking for a more stable and fulfilling employment experience.
By investing in creating a culture that prioritizes employee happiness, companies can ensure that they are attracting the best talent in the job market.
Add CultureWorx to manage, measure, and improve company culture
Isn’t it time you addressed your workplace culture? Good, bad, healthy, or unhealthy—your company culture exists and is impacting your business daily—whether you acknowledge and manage it or not.
CultureWorx is the first-of-its-kind SaaS solution to manage, measure, and improve company culture. CultureWorx allows you to build your desired company culture around your core values with the in-app training, measuring, and reporting tools that will help you improve your culture and sustain it over the long haul.
To book a CultureWorx SaaS demo please contact us at +1 678-785-9370.