In recent months, the media has labelled the rise of traditionally employed workers taking on part-time side work (a.k.a. "side-gigging") a trend that will likely fade with a surging economy.
However, this view has focused largely on just one particular catalyst: Uber. The truth is, side-gigging has expanded far beyond ride-sharing and will continue to grow in popularity. It’s a natural evolution of the workforce in a changing economy. Like the pioneers of the labor movement in the early 20th century, people want to take charge of their working lives and not be dictated by corporate rule.
All signs also point to the likelihood that this workforce will continue to grow. According to a recent study by my company, Invoice2go, 94 percent of side-giggers surveyed said they wouldn’t choose their freelance work to focus solely on a traditional career. Millennials in particular are embracing more flexible ways of working: The Freelancers Union reports that 38 percent of this age group are taking on freelance work, compared to 32 percent of the rest of the workforce.
Whether you are a budding entrepreneur building a new future for yourself, or an established business owner who could benefit from hiring outside help, here are five facts about side-gigging to keep in mind.