Dictionary for Recruiters

Gig Economy

Viola Di Veroli
Author

The gig economy is a labor market that involves the hiring of workers for short-term, flexible jobs or freelance contracts rather than permanent positions. Gig workers are often hired on platforms like Upwork, Fiverr, or Uber, and they typically work on-demand, with a greater emphasis on project completion rather than a long-term relationship with a single employer. The gig economy offers flexibility to both employers and workers, but it also presents challenges such as job insecurity and lack of benefits.

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