Report

Forces shaping the future of work

A combination of factors - including globalization, changing business models and increasing demand for flexibility - has resulted in an expanding population of freelance workers. What are the costs and benefits of this, and what forces are shaping this transition?

Network Intelligence Platform contributors

A combination of factors - including globalization, changing business models and increasing demand for flexibility - has resulted in an expanding population of freelance workers. Whether by choice or of necessity, growing numbers are seeking gigs rather than full-time work, resulting in extensive networks of people who make their living outside of formal employment agreements.1 Companies, in turn, are increasingly relying on contractors to complete task-based assignments, rather than hire additional full time staff.2 Today, there are more than 50 million freelancers in the US, and this cohort is projected to make up 50% of the workforce by 2020.3,4

 

While some laud the growth of the untethered workforce as a positive transformation that allows for freedom and flexibility, others warn it can come at the price of economic security and the stability of the middle class.5

 

Download this in-depth report to learn more about the forces shaping the future of work.

 


  1.  “10 Workplace Trends You’ll See in 2016,” by Dan Schawbel for Forbes, published 1 November 2015. http://www.forbes.com/sites/danschawbel/2015/11/01/10-workplace-trends-for-2016/#84d139b222c1
  2. “The Gig Economy: A Distraction or Disruption?,” findings from Deloitte’s annual survey (2016).http://www2.deloitte.com/us/en/pages/human-capital/articles/introduction-human-capital-trends.html
  3. “The Rise Of The Freelancer Economy,” by Brian Rashid, published in Forbes (Jan. 26, 2016). http://www.forbes.com/sites/brianrashid/2016/01/26/the-rise-of-the-freelancer-economy/#6033ad94379a
  4. N.b. This does not mean they are all full-time freelancers, but one of every two workers will be freelancers in some capacity
  5. “Growth in the ‘Gig Economy’ Fuels Work Force Anxieties,” by Noam Scheiber, The New York Times (July 12, 2015). http://www.nytimes.com/2015/07/13/business/rising-economic-insecurity-tied-to-decades-long-trend-in-employment-practices.html?_r=1

 

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