How do we find meaning@work, when work is a 24/7 hustle? An article in the March/April issue of the Harvard Business Review offers some answers. ‘Thriving in a Gig Economy’ builds on research published by McKinsey in October, adding results of interviews with 65 gig workers.
As more folks opt for independence@work, new models emerge beyond the stereotype of ride-hailing service employee. The McKinsey survey of 8,000 respondents across Europe and the US found “up to 162 million people in Europe and the United States—or 20 to 30 percent of the working-age population—engage in some form of independent work.” This is no longer a trend, but a significant employment sector, attracting new members daily out of choice or necessity.
“We found remarkably similar sentiments across generations and occupations: All those we studied acknowledged that they felt a host of personal, social, and economic anxieties without the cover and support of a traditional employer—but they also claimed that their independence was a choice and that they would not give up the benefits that came with it. Although they worried about unpredictable schedules and finances, they also felt they had mustered more courage and were leading richer lives than their corporate counterparts.”
Ownership is the shared value of gig workers, productivity the measurement, uncertainty the trade-off, and work identity – it’s continually evolving.
“…the price of such freedom is a precariousness that seems not to subside over time. Even the most successful, well-established people we interviewed still worry about money and reputation and sometimes feel that their identity is at stake.”
What does success look like in this new workplace?
“Our conclusion is that people in the gig economy must pursue a different kind of success—one that comes from finding a balance between predictability and possibility, between viability (the promise of continued work) and vitality (feeling present, authentic, and alive in one’s work). Those we interviewed do so by building holding environments around place, routines, purpose, and people, which help them sustain productivity, endure their anxieties, and even turn those feelings into sources of creativity and growth. “There’s a sense of confidence that comes from a career as a self-employed person,” one consultant told us. “You can feel that no matter how bad it gets, I can overcome this. I can change it. I can operate more from a place of choice as opposed to a place of need.”