The gig economy has been growing recently in recent years. The massive global gig economy sector is projected to reach $455B in 2023.
As more and more people join the gig economy, freelancing platforms tend to benefit the most. However, these are primarily available for people with special skills such as graphic design, web development, and others.
However, there is this new app JumpTask that is building a new type of platform. In the future, it might offer a different way for people and companies to interact. Read on to learn more about the gig economy and how JumpTask plans to onboard more people into the sector.
What is the Gig Economy?
The gig economy sector is based on short-term contracts rather than full-time work. The most common type of work in this space is freelancing platforms such as UpWork or Fiverr. In there, experienced contractors and freelancers can find temporary work opportunities.
From the company’s perspective, the gig economy is helpful for flexibility: companies don’t need to hire full-time staff as much, outsourcing some of the work to freelancers. From their side, contractors also can flexibly manage their work and the projects they take on.
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What is JumpTask?
In 2022, a new JumpTask app emerged, looking to transform the gig economy. Its vision can be seen in this video. In a nutshell, its goal is to create a platform that helps onboard beginner freelancers to the gig economy.
The way this would work is companies that have large projects would slice them into small tasks and distribute these to gig workers around the world.
For example, a company that needs an entire website translated will break it down into small pieces of text and let freelancers from around the world do the work. Afterward, freelancers would get paid for their work.
JumpTask currently focuses on small (or micro) tasks that anyone can complete. This is different from traditional freelancing platforms, where freelancers often must have broad skills and experience to start earning.
What are the Benefits for Companies?
Businesses that have complex projects might potentially benefit from this kind of technology. Companies receive access to a globally distributed, on-demand workforce.
This helps companies to manage costs, as having an in-house staff might be too expensive. Furthermore, companies might need temporary staff, indicating that freelancer services would be helpful.
What are the Benefits for Freelancers?
Freelancers could benefit mainly in two ways. First, tasks on JumpTask are available for everyone to complete, regardless of their skill level. This makes entry to the gig economy possible even for beginners.
Second, freelancers get flexibility too. They can choose which tasks they want to complete and pick the most convenient time. This, according to JumpTask, allows them to manage micro-tasking with other commitments such as work or study.
What are the Disadvantages of JumpTask?
JumpTask is still a relatively new app, meaning that much development is still needed to make the app more user-friendly. Additionally, all of the tasks currently available are extremely simple. Therefore, experienced professionals will not find suitable work opportunities just yet.
The global gig economy is a vast sector expected to grow. Big freelancing platforms such as UpWork or Fiverr are the most popular place for experienced freelancers to find work opportunities. However, beginners are often left out.
This trend influenced the emergence of new apps such as JumpTask, which are trying to provide earning options for beginners.