Document Type

Conference Proceeding

Publication Date

11-2016

Journal Title or Book Title

Northeast Business and Economics Association (NBEA) 2016

Version

Publisher's PDF

Publisher's Statement

PUBLISHED BY THE NORTHEAST BUSINESS & ECONOMICS ASSOCIATION © 2016 The Northeast Business & Economics Association reserves the right to publish the Proceedings in both print and electronic formats. The individual authors retain the copyright over their own articles.

Abstract

The purpose of this research is to identify the challenges and opportunities that are emerging out of the "Gig Economy" and how it is reshaping the future workforce int he competitive landscape. The goal of this paper is to demonstrate, how throughout the world this model is gaining momentum and changing the perception of the employee in today's workforce. In addition, we will provide recommendations of best practices for integrating the gig economy as a solution to workforce issues and business growth. This model provides instant access to employment opportunities ("gigs") with flexibility for users of the virtual environment and companies do not have to offer employee benefits. These emerging entrepreneurial activities are disrupting traditional business models; affecting the traditional workforce. The gig economy can be precarious, but can also be lucrative and desirable.

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