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CareerArc says 57% of jobs seekers considered sharing economy

October 19, 2015

Nearly two-thirds of job seekers have considered working as an on-demand service provider, according to the 2015 Sharing Economy Study released today by CareerArc, a provider of social recruiting and outplacement services.

The survey found 57% of job seekers have considered working in the sharing economy. If faced with a sudden job loss, the likelihood of considering work in the sharing economy jumped to 72%.

“As social technology changed how companies recruit and transition their workforce, today we again witness its impact on both our labor economy and our very definition of work,” said CareerArc CEO Robin Richards. “With high approval and confidence from both job seekers and hiring managers, the sharing economy deserves the attention of every employer who must take note that workers desire flexibility and may now seek it elsewhere, on-demand.”

The study found support and optimism surrounding the sharing economy: 89% of employers and 85% of job seekers surveyed said they believe the sharing economy is a positive evolution of the labor economy, and two-thirds agree that, despite the legal issues that may arise, the sharing economy is here to stay.

A flexible work schedule is perceived by respondents as the most desirable benefit to working in the sharing economy, rated more desirable than the potential income to be earned.

The motivating factors in order of strongest-to-least motivating:

  1. Flexibility in schedule
  2. Money and earning potential
  3. Working outside an office environment
  4. No direct management
  5. Low barrier to entry and exit

Both job seekers and employers strongly agree that the lack of full-time benefits is what most discourages individuals from working in the sharing economy. In addition, 88% of job seekers and 75% employers believe that those who work in the sharing economy for 40 hours or more per week should be reclassified as full-time employees.

The study found 67% of job seekers and 70% of employers believe the sharing economy is here to stay despite the legal issues that arise. However, respondents were near equally split when asked what they predict would most likely happen to the growth of the sharing economy if Uber contractors are reclassified as full-time employees: 36% of all respondents believe the sharing economy will continue to grow, 32% predict it will shrink, and 33% stay relatively the same size.

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