{"id":8766,"date":"2021-02-19T15:16:53","date_gmt":"2021-02-19T15:16:53","guid":{"rendered":"https:\/\/www.kolabtree.com\/blog\/?p=8766"},"modified":"2021-02-19T19:18:29","modified_gmt":"2021-02-19T19:18:29","slug":"gig-economy-trends-2021-the-birth-of-an-expert-economy","status":"publish","type":"post","link":"https:\/\/www.kolabtree.com\/blog\/gig-economy-trends-2021-the-birth-of-an-expert-economy\/","title":{"rendered":"Gig Economy Trends 2021: The Birth of an &#8216;Expert Economy&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_45_1 counter-flat ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69f72c0d4d40a\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69f72c0d4d40a\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.kolabtree.com\/blog\/gig-economy-trends-2021-the-birth-of-an-expert-economy\/#A_Fragmented_Ecosystem\" title=\"A Fragmented Ecosystem\">A Fragmented Ecosystem<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.kolabtree.com\/blog\/gig-economy-trends-2021-the-birth-of-an-expert-economy\/#Gig_Economy_Trends_Transition_to_Remote_Working\" title=\"Gig Economy Trends: Transition to Remote Working\">Gig Economy Trends: Transition to Remote Working<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.kolabtree.com\/blog\/gig-economy-trends-2021-the-birth-of-an-expert-economy\/#The_Birth_of_the_Expert_Economy\" title=\"The Birth of the Expert Economy\">The Birth of the Expert Economy<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.kolabtree.com\/blog\/gig-economy-trends-2021-the-birth-of-an-expert-economy\/#Letting_the_finest_liquid_talent_find_you\" title=\"Letting the finest liquid talent find you\">Letting the finest liquid talent find you<\/a><\/li><\/ul><\/nav><\/div>\n<p><em><i><span style=\"font-weight: 400;\">With remote working here to stay, is the gig economy trend slowly giving way to a fledgling \u2018Expert Economy\u2019?\u00a0<\/span><\/i><\/em><\/p>\n<p><span style=\"font-weight: 400;\">If there\u2019s anything the latest corona vaccine developments have emphasized, it\u2019s the elaborate and exhaustive steps involved in bringing a research-based product to market. The discovery and formulation might be tedious in itself, but it\u2019s the post-developmental procedures where expert assistance is absolutely indispensable. Right from running pre-clinical trials, conducting market <a href=\"https:\/\/www.kolabtree.com\/blog\/ensuring-reproducibility-in-ai-driven-research-how-freelance-experts-can-help-in-biotech-and-healthcare\/\">research<\/a> and providing expertise on regulatory practices, there\u2019s diverse areas where companies can come unstuck without due diligence and professional counsel.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With topics like climate change and sustainability being widely discussed and debated, innovative products built around the USP of eco-friendly value are on the verge of experiencing a rapid market boom. Technological advancements in myriad other domains are just as exponential, highlighting the growing need for companies to connect with relevant <\/span><a href=\"https:\/\/www.kolabtree.com\/?utm_source=Blog&amp;utm_medium=Post&amp;utm_campaign=GigEconomy2021\"><span style=\"font-weight: 400;\">industry experts<\/span><\/a><span style=\"font-weight: 400;\"> quickly and efficiently.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Fragmented_Ecosystem\"><\/span><b>A Fragmented Ecosystem<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">However, here\u2019s where the disconnect between supply and demand is evident. Whilst a <\/span><a href=\"https:\/\/www.kolabtree.com\/blog\/top-10-biotech-innovations-you-should-know-about\/?utm_source=Blog&amp;utm_medium=Post&amp;utm_campaign=GigEconomy2021\"><span style=\"font-weight: 400;\">massive amount of research<\/span><\/a><span style=\"font-weight: 400;\"> in the form of studies and surveys are constantly being conducted and documented across universities and labs, only a small portion of them gain visibility, and transition to becoming a business case, ultimately providing value to a wider community.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Businesses still resort to traditional avenues of recruitment when it comes to hiring research and academic experts &#8211; sounding out universities in the vicinity, referring to LinkedIn or simply reaching out within existing networks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This severely cripples the recruitment process in more ways than one,<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0Limits the scope of applicants from which the companies make the final hire, resulting in them potentially losing out on more relevant options\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Intricacies of the hiring process, such as paperwork and onboarding, are likely to pose further challenges in kickstarting the actual project.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lack of time or budget might even prompt smaller companies to look for solutions in-house, leading to inadequate results or delays in meeting market deadlines<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">So, how exactly can businesses eliminate these inefficiencies, and hire experts quickly? Well, the remote working model brought about by the pandemic might have inadvertently provided an optimum solution.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Gig_Economy_Trends_Transition_to_Remote_Working\"><\/span><b>Gig Economy Trends: Transition to Remote Working<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The good news for small businesses is this &#8211; The pandemic has opened up a whole new sphere of qualified experts who are looking to re-invent themselves as <\/span><b><i>\u2018available on-demand\u2019.\u00a0<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">Although the merits of a liquid workforce, dynamic employees and global talent scouting have been widely discussed in the recent past, companies have traditionally been so overwhelmed at the prospect of even experimenting with this that they&#8217;ve stuck with the &#8216;<\/span><i><span style=\"font-weight: 400;\">Don&#8217;t fix what&#8217;s not broke<\/span><\/i><span style=\"font-weight: 400;\">&#8216; motto, even though remote working was always touted as something that could enhance productivity and reduce costs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Until, of course, the global coronavirus pandemic struck. Remote working, previously seen as feasible only for specialized contractors or professionals operating within the gig economy, has now been forced upon organizations across the globe.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Birth_of_the_Expert_Economy\"><\/span><b>The Birth of the Expert Economy<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The direct result of this is the gradual change in the pool of talent available in the freelancer ecosystem for companies to scout and tap into. As lockdown restrictions continue and remote working seems on the rise, a greater number of niche experts are joining the erstwhile &#8216;<\/span><b><i>gig economy<\/i><\/b><span style=\"font-weight: 400;\">&#8216; pool. Necessity seems to have been replaced by an active desire for talented professionals, such as subject matters experts and research specialists, to gravitate towards flexible schedules and job fulfilment quotas being provided by the rapidly growing remote working model.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is not completely unprecedented, either. The late 90&#8217;s saw a brief surge in millennials experimenting with the <\/span><b><i>&#8216;Brand Me<\/i><\/b><span style=\"font-weight: 400;\">&#8216; concept to prioritize their distinct lifestyle and career requirements over that of employers, resulting in a greater number of talented expert professionals available on-demand<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The great recession was also a predecessor of sorts to the pandemic in terms of prompting professionals to explore the freelance sphere, with the gig economy population swelling to almost 16% of the total workforce by 2015. However, the sheer unpredictable arrival and unwelcome overstay of the pandemic has ushered in a major swelling of ranks amongst the flexible worker population. Today, almost 40% of the global workforce earn some form of income as a freelancer, and it is projected that<\/span><a href=\"https:\/\/zety.com\/blog\/gig-economy-statistics\"><span style=\"font-weight: 400;\"> 2027 will see as much as 87.5 million<\/span><\/a><span style=\"font-weight: 400;\"> people employed on a freelance basis.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The erstwhile gig economy of contractors and skilled workers is now being replaced by an <\/span><b><i>\u2018Expert Economy\u2019<\/i><\/b><span style=\"font-weight: 400;\"> of subject matter experts and industry leaders. Scientific and academic businesses, in particular, seem likely to benefit from the rapid influx of <\/span><a href=\"https:\/\/www.kolabtree.com\/blog\/5-benefits-of-hiring-life-science-consultants-biotech-pharma\/?utm_source=Blog&amp;utm_medium=Post&amp;utm_campaign=GigEconomy2021\"><span style=\"font-weight: 400;\">experts, researchers and a wide range of other scientists<\/span><\/a><span style=\"font-weight: 400;\"> rebranding themselves as available for flexible hire .<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This makes it imperative for businesses to <\/span><a href=\"https:\/\/www.kolabtree.com\/blog\/5-skills-to-look-for-while-hiring-a-freelance-science-writer\/?utm_source=Blog&amp;utm_medium=Post&amp;utm_campaign=GigEconomy2021\"><span style=\"font-weight: 400;\">utilize this talent pool<\/span><\/a><span style=\"font-weight: 400;\">, drawing up strategies on how best to discover and optimize any relevant guidance these experts can provide on a wide range of in-house requirements. With qualified subject matter experts and academics slowly transitioning from pure research to more applied areas of work in private sectors, the onus is on businesses to tap into this development and bolster their ranks with freelancers than can help research, review and document their products in order to accelerate end-to-end streamlining and enable faster delivery to market.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Letting_the_finest_liquid_talent_find_you\"><\/span><b>Letting the finest liquid talent find you<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">This is where existing freelancer platforms provide a simpler alternative.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Two-way platforms housing the <\/span><a href=\"https:\/\/www.kolabtree.com\/find-an-expert?utm_source=Blog&amp;utm_medium=Post&amp;utm_campaign=GigEconomy2021\"><span style=\"font-weight: 400;\">on-demand experts<\/span><\/a><span style=\"font-weight: 400;\">, such as <a href=\"https:\/\/www.kolabtree.com\/?utm_source=Blog&amp;utm_medium=Post&amp;utm_campaign=GigEconomy2021\">Kolabtree<\/a>, also make it easier for businesses to sift through the talent on offer, and reach out to relevant specialists and academics that can help them across the breadth of their business process. With all the grunt work in terms of vetting, reviewing and displaying the talent available being taken care of, businesses also have the option of simply posting a project and waiting for the cream of the crop to reach out to them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This instantly offers myriad benefits to businesses hiring from these platforms. The extremely comprehensive screening procedures these platforms employ means they only accept site portfolios from experts operating in reputed universities and labs. However, this does not affect the quantity of experts available on-demand, which is a testament to the number of qualified academics out there.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kolabtree, for instance, comprises more than 15,000<\/span><a href=\"https:\/\/www.kolabtree.com\/?utm_source=Blog&amp;utm_medium=Post&amp;utm_campaign=GigEconomy2021\"><span style=\"font-weight: 400;\"> freelance consultants<\/span><\/a><span style=\"font-weight: 400;\"> across 3,000 disciplines available for hire. This offers businesses the chance to hire a respected specialist from a precise, niche domain matching their requirement, without the need to disclose sensitive information or have any sort of qualms about confidentiality issues.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Such a win-win situation is achieved by intently focusing on the various criteria that go into creating a <\/span><a href=\"https:\/\/www.kolabtree.com\/how-it-works?utm_source=Blog&amp;utm_medium=Post&amp;utm_campaign=GigEconomy2021\"><span style=\"font-weight: 400;\">mutually beneficial outcome<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 by narrowing down the type of service, price and compatibility between the client and the freelancer.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With remote working looking like it\u2019s here to stay, and agile workforces creating revolutionary ripples, it\u2019s time for science and technology based businesses to act swiftly. Tapping into a liquid workforce comprising the best global talent can not only prove to be a secure cost-effective option, it can also prove to be the stardust factor that enables them to build cutting-edge products and achieve major scientific breakthroughs.<\/span><\/p>\n<p><a href=\"https:\/\/www.kolabtree.com\/blog\/gig-economy-trends-and-future\/?utm_source=Blog&amp;utm_medium=Post&amp;utm_campaign=GigEconomy2021\">Read also: Gig Economy: Trends and Future<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With remote working here to stay, is the gig economy trend slowly giving way to a fledgling \u2018Expert Economy\u2019?\u00a0 If there\u2019s anything the latest corona vaccine developments have emphasized, it\u2019s the elaborate and exhaustive steps involved in bringing a research-based product to market. The discovery and formulation might be tedious in itself, but it\u2019s the<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.kolabtree.com\/blog\/gig-economy-trends-2021-the-birth-of-an-expert-economy\/\" title=\"Read More\">Read More<\/a><\/div>\n","protected":false},"author":605,"featured_media":8777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[317,558,304,403],"tags":[81,402,55,348,38],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.1 (Yoast SEO v20.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gig Economy Trends 2021: The Birth of an &#039;Expert Economy&#039;<\/title>\n<meta name=\"description\" content=\"Gig economy trends for 2021: the rise of the expert economy and remote working, and what it means for businesses worldwide.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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