It may be hard to believe, but the gig economy growth approached $800 billion last year. Yes, that's billion with a B.
HRDive reported that an estimated 44 million people entered the gig economy during 2015, with 29 percent of all American workers doing some sort of gig or contingent work. The report cites research from Staffing Industry Analysts that put the spending on gig work at $792 billion during 2015.
Staffing Industry Analysts's report, "Measuring the Gig Economy: Inside the New Paradigm of Contingent Work," also found that nearly 40 percent of people overall prefer alternatives to a traditional job, and 69 percent of independent contractors and self-employed workers preferring to engage in work outside of a full-time employment situation.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
