The growth of the gig economy

The gig economy, which refers to the practice of engaging in short-term or freelance work, has been on the rise in many parts of the world in recent years. In the United Arab Emirates (UAE), the gig economy is expected to grow significantly in the coming years. In this blog, we will discuss some of the factors driving the growth of the gig market in the UAE and what this means for workers and businesses.

One of the main drivers of the gig economy in the UAE is the rise of technology and digital platforms. With the increasing use of smartphones and the internet, it has become easier than ever for people to find and offer freelance work. Platforms such as Careem, Talabat, and Deliveroo are examples of companies that have capitalized on this trend by offering gig work opportunities to people in the UAE.

Another factor driving the growth of the gig market in the UAE is the changing attitudes towards work. Many young people in the country are looking for more flexibility and autonomy in their careers, and the gig economy offers them just that. With the ability to choose their own hours and work from anywhere, freelancers in the UAE are able to strike a better work-life balance.

The UAE government has also recognized the potential of the gig economy and has taken steps to support its growth. In 2018, the government launched the National Program for Small and Medium-Sized Enterprises and Projects, which aims to promote entrepreneurship and innovation in the country. The program includes initiatives such as funding and training programs for startups and SMEs, which are often the backbone of the gig economy. There are now many opportunities to start businesses in several freezones with minimal cost.

In addition, the UAE government has eased visa sponsorship requirements by launching freelance visas and golden visas and allowing employees to work for two employers on one sponsorship which was previously not allowed and required an NOC.

So, what does the growth of the gig economy mean for workers and businesses in the UAE? For workers, the gig economy offers a flexible and often lucrative source of income. Freelancers can earn a good living by offering their services to multiple clients or platforms. For businesses, the gig economy offers a cost-effective way to access a pool of talented workers without the overheads of hiring full-time employees.

However, there are also some concerns associated with the gig economy, such as job insecurity, lack of benefits, and the potential for exploitation. The UAE government has recognized these concerns and has taken steps to address them, such as introducing legislation to protect the rights of gig workers and ensure fair pay.

In conclusion, the gig economy is expected to grow significantly in the UAE in the coming years, driven by technology, changing attitudes towards work, and government support. While there are some concerns associated with the gig economy, its growth offers many benefits to both workers and businesses in the country.

We at Wesource HR have actively built a database of gigworkers looking for immediate start in the UAE. These candidates are self sponsored and can provide professional services quickly and cost effectively in the UAE. For more information contact us on [email protected]

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