The growth of the gig economy is having a big impact on what we expect from leaders today. In brief, the gig economy is a labour market characterised by short-term contracts, part time or freelance work as opposed to permanent jobs. Examples of this include businesses such as Uber, Lyft, and Deliveroo.
By Kate Sobczak, Cubiks UK
Across the EU, temporary work almost doubled from 8% to 14% between 1984 and 2016. In the US, it increased by 56% between 2005-2015 and continues to grow. Openness to different working models varies from country to country, but as the labour market evolves, is your business and its leaders ready?
Employees who work for you part-time, may be taking on extra gigs to earn more money, follow their passion or to use skills they don’t typically get to use. They might also be looking to learn new skills and build a more flexible and balanced life for their future.
Are your leaders able to balance the advantages of working with part-time and temporary workers, with the responsibility of treating them fairly? Do they demonstrate the inclusive leadership behaviours necessary to enable people to fully utilise their skills and passions for the good of the team and business?
Let’s have a look at some of the behaviours demonstrated by effective leaders in the gig economy.