The enterprise as we know it is reinventing itself, all thanks to the phenomenon known as the gig economy.
As automation forces workers to find new occupations, consulting firm McKinsey & Company believes as many as 800 million adults worldwide will need to find new ways to earn a living by 2030. Although some will simply change careers and land in new full-time roles, others will decide to explore the growing freelance marketplace. This shift is already underway in many sectors, with 72 percent of millennials telling the Intelligence Group that they prefer to be their own bosses.
While this evolution of workplace dynamics might seem to diminish the traditional notion of the enterprise, it’s a positive change. Instead of fearing this shift, companies at the leading edge are embracing this transition to freelance labor. They appreciate the opportunity to engage with professionals who have specialized skill sets on specific projects, enabling them to use matchmaking algorithms to connect with the labor supply du jour.
Michael Burdick is the CEO of Paro, the outsourced finance and accounting department for growing businesses. Paro’s purpose is to empower people to do what they love.