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The Challenges of a Virtual Workforce
Your on-demand workforce can speed innovation and business growth, lower overhead, and reduce risk. However, the human side of that equation is not without its challenges. Uber and Airbnb were among the first to face issues in using on-demand labor and resources. To start, they broke the rules: Uber made it possible for people to use their cars to make money when and where they wanted, by giving people rides. Airbnb offered people the opportunity to rent space for extra cash, using their own homes.
On-Demand Disrupts the Old Economy
These companies took on the role of middlemen and monetized it for recurring revenue, using proprietary cloud platforms. The old-economy laws and regulations didn’t apply to their new, tech driven business models.
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A Snapshot of Today's On-Demand Workforce
Of the 54M freelancers in the US – 11.4M now comprise the on-demand workforce through ride-sharing, food delivery and personal assistance apps. Xero researched what drives these freelancers and identifies opportunities to help them manage and grow their business.
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How the On-Demand Workforce is Changing the Way People Work
From delivery, transportation and household errands, to professional services and consulting, the on-demand economy is changing the way people consume goods and services—and the way people work. In fact, Intuit and Emergent Research forecast that the number of people working on-demand jobs will grow from 3.2 million Americans to 7.6 million by 2020. Intuit believes this presents an opportunity to empower the future of work and creates a new face of entrepreneurship.
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