RSG164: 3 Gig Economy Trends Uncovered in New Everee Survey

In this episode, I’ll be sharing an interview with Everee. Not every company can offer their workers the ability to instantly cash out – Uber and Lyft do, but some smaller companies don’t have the resources to do that themselves. That’s where Everee comes in. Everee offers the Instant Pay service with zero processing fees for companies. In this webinar, we’ll go over how gig companies can better value workers, how the gig economy has rapidly changed, and the future of gig work. Plus, I take questions from readers and webinar participants. Make sure to take a listen!

You can get a copy of Everee’s survey report, as well as a month of contractor payments with zero processing fees, at Everee.com/Rideshare.

Listen to this episode on your phone here.

Intro to the Webinar

  • People usually go into the gig economy to earn money
  • Gig work has evolved over the last few years
  • The gig economy is now notorious

The Gig Economy

  • Gig workers, in general, sign up for multiple companies
  • Pre-COVID, driving was more lucrative, but that changed with the pandemic
  • Not as much crossover among gigs that you might think

How Can Gig Companies Retain Workers?

  • Not a lot of acknowledgment for really great drivers, couriers, etc.
  • Investment in your top workers – low hanging fruit opportunities
  • Swag! Drivers really did like the jackets they received – this is just one small thing companies could do (and they used to)

How Has the Gig Economy Changed?

  • Rideshare is currently down
  • Navigating unemployment, EIDL, PPP, etc.
  • A way for people to pay bills quickly – if they need an infusion of cash, they can get it within a day

The Future of Gig Work

  • Don’t anticipate seeing drivers becoming employees in the near future
  • Will see changes on the labor front, however
  • Companies will be experimenting with things now

Show Notes