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Contingent Workforce Strategies 3.0 – How does the Gig Economy measure up?

These numbers blur a lot of different employment models, old and new. At BIA/Kelsey, we identified $22.5 billion in actual revenue spent through on-demand marketplaces, including Uber, in 2015. The figures below represent industries that can be disrupted by on-demand marketplaces, but not actual on-demand marketplace spending. * We estimate gross revenue from “human cloud […]

These numbers blur a lot of different employment models, old and new. At BIA/Kelsey, we identified $22.5 billion in actual revenue spent through on-demand marketplaces, including Uber, in 2015. The figures below represent industries that can be disrupted by on-demand marketplaces, but not actual on-demand marketplace spending.

* We estimate gross revenue from “human cloud firms” at a median $27.0 billion on a global basis in 2015.

*Globally, spend on temporary agency workers is estimated at $366.0 billion in 2015.

* Spend on other temporary workers, including those employed directly by user companies without going through a staffing firm, totaled an estimated $610.7 billion in 2015.

* Independent contractors, the largest category of Gig Economy work, represented an estimated $2.039 trillion in spend in 2015.

* And statement-of-work contractors represented an estimated $458.00 billion in spend in 2015.

Source: Contingent Workforce Strategies 3.0 – How does the Gig Economy measure up?

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