Everyone wants in on the high-margin gig economy. The low-margin gig economy, in which brokers of work opportunity take a more traditional brokerage fee, between five percent and 10 percent, compared to today’s 25 percent or more of each transaction, will disrupt this movement toward consolidation. If Facebook recognizes this is its opportunity to be on the user’s side, it might break through.
Home services is big business, with US consumers spending $16 billion on cleanings alone in 2017. Facebook has partnered with cleaning and services companies Handy, HomeAdvisor, and Porch to bring cleaning and other such services to Marketplace in the US. That comes after Amazon hired a crew of cleaners for a Seattle-area pilot program in March, and Walmart partnered with Handy on furniture installation and assembly. In September 2017, Ikea bought TaskRabbit to build out delivery and assembly.
Source: Facebook is getting into the gig economy by bringing cleaning and other home services to Marketplace — Quartz
The expansion of gig work is well underway, and the challenges to the model will grow. This is a long-term renegotiation that needs to include retirement and health services in a solution, though not necessarily through traditional employment. What would a new form of worker union look like in this world? It might be a social safety net that bargains collectively with on-demand employers, providing forms of certification and endmenification to employers in exchange for compensation floors in each industry.
This week, Uber and Lyft were told by San Francisco City Attorney Dennis Herrera to “turn over records on whether they classify drivers as employees or private contractors, as well as records on driver pay and benefits,” according to a statement from his office.
The move comes as a result of the recent decision from the California Supreme Court that said gig economy companies can’t count workers as independent contractors instead of employees. The ruling is not only widely viewed as a blow to companies t
Source: Subpoenas Fly In Wake Of Gig Economy Ruling | PYMNTS.com
New gig economy data coming from the BLS on June 7
How much has the gig economy changed in the last 13 years? We’re (finally) about to find out. According to Tyrone Richardson at Bloomberg Law, the United States Department of Labor’s Bureau of Labor Statistics (BLS) is scheduled to release a report on “contingent and alternative employment arrangements” on June 7, 2018. To put in context how much things have changed since the last time the BLS released such a report—February 2005—that was the same year Destiny’s Child split up and two years before the first
Source: New Report To Update Decade-Old Data On The Nation’s Gig Economy Workforce – Lexology
The future is literally in our hands. We have a choice regarding work and the rewards it provides.
Looking ahead, West sees the American economic and political systems at a crossroads: one path leads to a utopia with a more inclusive society, more leisure time, and culture; the other leads to a dystopia with high unemployment, inequality, and no guaranteed social benefits. Avoiding dystopia will require reimagining work to include non-employment alternatives such as caregiving and volunteering, and rethinking education as a lifelong endeavor. Lastly, the U.S. will need a new social contract that separate
Source: Will the future of work be a utopia or a dystopia?
When and how workers are paid has become a work negotiating point instead of the company’s sole decision.
As noted in a recent report commissioned by ADP, roughly half of Generation Z (47 percent) and about a third of millennials (at 31 percent) would turn down a job if unable to choose how money ends up in their pockets. The same study found that 47 percent of millennials and 66 percent of those belonging to the Generation Z cohort have used preloaded payment cards within the past 12 months.
Source: ADP’s Wisely To Speed Up Gig Economy Payments | PYMNTS.com
The augmented business: Nuance, expertise without hubris, emotionally and sustainably productive customer experience are the products of machine-learning strategies. Give your people the edge by putting a world of knowledge behind their personal judgment. From Harvard Business Review:
Capability with machine learning is what distinguishes a good platform from a bad one. Platform companies exist on a continuum of curation. On one end are “wild west” companies that merely aggregate everything served up by the network, or using simple rules like up-voting to elevate content. These systems put a great deal of responsibility on their users to identify the content that they want. Unfortunately, they are too basic to deal with varied users and use cases, and they are also easily manipulated.
Source: A Platform Strategy Won’t Work Unless You’re Good at Machine Learning
Singapore grocer revamps processes to augment people. These are the steps every business needs to think about, whether they sell 100,000 products or one service: How to personalize and perfect customer experience.
At online grocer RedMart, it is a complex operation comprising an automated tool that helps staff members decide where items should be placed in its mammoth warehouse in Jurong, which holds more than 100,000 products.
Source: TODAYonline | The Future of Work: Keeping beers cold, bananas ‘just right’, from the warehouse to the doorstep
Platform-based apps as work glue. The new new thing that’s coming.
…when teammates are spread across locations and time zones, work management apps that provide real-time insight into project status — and potential dependencies and blockers — can keep everyone on the same page. Remote workers can also use the platform’s mobile app to track and update the status of projects in real time.
Source: 5 Tips for Keeping Remote Employees Engaged and Effective | CIO
At GEG, we learned early — during our first white-label launch — that salespeople are the key to gathering emotional feedback. Telling them what to do based solely on an algorithm creates resistance to digital tools, even when they can add value.
According to a recent Spiceworks survey of more than 500 IT professionals, nearly a quarter of large companies have already implemented digital assistants and another 40% expect to follow suit by 2019. For small and medium businesses, that number is closer to 25%.
Source: Artificial Intelligence is Nothing Without Human Ingenuity. Here’s Why. | CIO
Onboarding, training, and alignment with business brand and goals will be an ongoing challenge for companies embracing gig work. Here’s a guy “parachuting” into 50 to 60 hours of work in retail and restaurants a week — he needs a safety net and a tool for managing his current work persona.
“It’s definitely stressful to show up and have your first day almost every time,” Stallings, 25, said, “but at least I don’t feel miserable and stuck on the job.”
Source: Now hiring for one day: The gig economy hits retail