On 6 September 2018 at the Marina Bay Sands Expo and Convention Centre, over 500 attendees from various SMEs and industries gathered for the first gig economy conference in Singapore, The Future of Work, to learn how to navigate the evolving business landscape and tap onto the new world of work - the gig economy. 

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With a speaker lineup of Darryl Parrant, Bryan Choo, Terence Ho, Dianne Hummal, Marcus Ho and Ashok Miranda to name a few, and exciting activities such as break out sessions, workshops and interactive networking, we are here to reflect on this enriching day and bring you the 3 vital lessons you can learn and act on:

 

1. The gig economy is growing, evolving and NOW.

Whether or not businesses are ready, this is a change that they must quickly embrace and leverage on. This is especially so for SMEs that are lacking in resources, as the gig economy offers a scalable and efficient way of running their business. 

Employing gig workers to fill the gaps required in terms of skills and project needs is hugely beneficial in supporting and empowering business operations.

 

2. Gig work is a mindset businesses should must embrace.

Even if hiring gig workers is not currently possible, adopting the mindset of gig work should be prioritised. As quoted from Jason Teo, General Manager of ZomWork during his opening speech, gig work does not only include outsourced work but also “all work that is project-based, results-focused, and tend to be best suited for fast-changing environments”. 

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This means that your full-time employee is also a gig worker, where highly-skilled employees are often juggling multiple projects at once and working with different teammates from time to time.With this way of working, the way the job is completed becomes more important than the position the person holds.

Adopting such a mindset provides businesses with the ability to pivot, scale and eventually flourish in the fast-changing landscape.

 

3.    Business opportunities as the next step in the gig economy.

Besides gig work benefitting general business operations, it can also be used to further generate business opportunities. Outsourcing non-core functions including generating sales and marketing leads have become key drivers of the gig economy.

By diverting these functions, businesses can focus resources on their main functions and leave the rest to freelance experts who can complete the job with increased efficiency and effectiveness. This enables businesses to manage their resources and tap on to the gig economy to grow at a faster rate.

 

At The Future of Work, businesses were able to unveil the future workforce landscape and deep-dive into tapping onto the vast potential of that new workforce. Are you ready to embrace and use the future to your advantage?

Tap onto the new workforce by posting a project on ZomWork to get a skilled expert to complete it for you! You can gain a $100 cashback on your project so don't wait as there are limited redemptions!

 

Post a Project Today!

 

P.S Check out the fun and inspiring moments at The Future of Work with the official event photos!

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Topics: SMEs, Gig Economy, Entrepreneur

Jing Rong Chang

Written by Jing Rong Chang

Integrated and Digital Marketing | Content Creation. Also, either eating (too much) desserts or dreaming about snow.

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