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Analysis of Gig Economy

   

Added on  2023-01-19

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Running head: BUSINESS MANAGEMENT
Business Management
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Analysis of Gig Economy_1

1BUSINESS MANAGEMENT
Introduction
Analysis of Gig Economy
The Gig Economy is defined as the free market system wherein the different
temporary positions are common and the various organizations contract with the different
independent workers for the different short-term engagements. In the gig economy, the
temporary, as well as flexible jobs, are, and the various companies tend towards proper hiring
freelancers along with independent contractors instead of the full-time employees (Ashford,
Caza and Reid 2014).
Furthermore, the gig economy destabilises the traditional economy of full-time
workers who do not change positions, and they focus on their lifetime career. The primary
examples of the gig employees in the workforce include independent contractors, freelancers,
project-based workers along with part-time hires. Moreover, the current reality is that the
different people in the present scenario tends to change jobs several times a year and the gig
economy is seen as the evolution of the respective trend (Wood et al. 2019).
From the perspective of the different freelancers, the gig economy can help improve
the work-life balance. Ideally, the respective model is powered by the different independent
workers selecting the jobs when they are interested in and not those in which they are forced
into a respective position, and they are unable to attain the employment (Petriglieri, Ashford
and Wrzesniewski 2019). In addition, the gig economy is analyzed as the part of shifting
business and cultural environment which includes sharing economy along with barter
economy.
Analysis of Workers and Organizations
Analysis of Gig Economy_2

2BUSINESS MANAGEMENT
As commented by Kalleberg and Dunn (2016), organizations are defined as the
process of identifying along with grouping work which is required to be performed.
Moreover, the other aspect is relating to defining along with delegating the different tasks,
responsibility as well as establishing relationships for the primary purpose of enabling the
various individuals to work most effectively together in accomplishing the objectives. It is
analyzed as the instrument for achieving the organizational goals; moreover the internal
organization is defined as the structural framework of the different duties and responsibilities
required for personnel in performing the various functions and achieving the organizational
goals (Lobel 2017).
Moreover, Aloisi (2015), has commented that it refers to establishing the competent
authority relationships among the selected work, workplaces along with persons for the group
to work together efficiently. Lastly, the organization is the harmonious adjustment of the
specialised parts for the overall accomplishment of some common purposes. In the
organizations, the major characteristics of the organization are inclusive of the division of
work, coordination along with analysing the common objectives which will be beneficial in
improving the overall goals.
On the other hand, Stewart and Stanford (2017), have commented that workers are
defined as the individual who performs work for an employer or agrees with the employer to
perform the different tasks which are assigned to them. Furthermore, the worker is defined as
the person who is deemed to perform a particular service under the proper contract of service
for a specific manner.
Lastly, as commented by Kässi and Lehdonvirta (2018), the employees are considered
as workers, but all workers are not considered to be the employees. There are different kinds
of rights which can be availed by the workers which include health and safety activities; there
Analysis of Gig Economy_3

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