The growing gig economy in Singapore and how it can improve the city-states' infrastructure
In recent years, the rise of the gig economy in Singapore has introduced new methods of working in various economic sectors, from banking, ICT industries, the healthcare infrastructure, to transportation and even online shopping.
Gig workers refer to an umbrella term for on-demand employees, such as contingent employees that work on a project basis and freelancers that prefer to work in a way that allows them to work freely, autonomously, with flexibility and ownership of the tasks.
These types of employees do not want conventional 9 -5 working hour jobs. More and more freelancers are using platforms that match their experience with gig demands, and are employed using a low- to high-value spectrum for individual ventures and tasks across professions and services. Companies that have already established a gig-like culture include new and upcoming brands such as Uber, Airbnb, Foodpanda and Honestbee.
5 key improvements this style of gig economy offers Singapore:
- The introduction of a wider talent pool with more diverse skillsets.
- Increased networking between organisations & similar companies for supporting each other.
- Releasing previously untapped labour skillsets within Singapore.
- Reconsidering improvements to working social contracts.
- The implementation of flexible working arrangements for employees.
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