Results of flexible working in Hong Kong
A global shift in the nature of employment has given rise to the so-called gig economy, which expands the scope for individuals to give greater control over when, where and for whom they work and it offers employers the flexibility to hire qualifications for specific tasks or certain short-term projects. According to Kelly Services study, the shifting relationship between employees and employers offers a mixture of positivity and negativity for both parties. Few would disagree with the idea that the "world of work" is undergoing a transformation that leads new business models to emerge, technological developments and changing attitudes towards the way individuals work.
The gig economy, characterized by the prevalence of short-term contracts and small freelance projects as opposed to permanent jobs, has been on the rise for several years and there are many signs that the trend will continue to grow. While freelance or contract work has traditionally been associated primarily with creative professions such as designing, art and video production, today, driven by the internet and cloud technologies that are part of the so-called "fourth industrial revolution", the gig and freelance economy encompasses just about any type of work, including senior roles in the financial sector.
In the study, 9,000 hiring professionals and job candidates aged 20-70 from Australia, Hong Kong, India, Indonesia, Malaysia, New Zealand, Singapore, Thailand and Vietnam were surveyed.
Hong Kong leads the way when it comes to embracing the concepts of the gig economy. In Hong Kong, banking and finance, retail and IT outsourcing companies continue to be the predominant users of contract staff, while front-line sales, event promoters, back-office roles and IT industries are the industry sectors where contract workers are most in demand.
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This article was published in the Freelancing.HK-News 72.