A multi-touchpoint platform for Gig workers to benchmark
their skills, discover price and skill relevancy, find relevant Gigs and avail
Why the Gig Economy excites us: There is a paradigm
shift in the nature of work, primarily driven by technology and the rise of the
global gig workforce (comprising temporary, freelance, contingent workers). The
size of the gig workforce is estimated at over 160 million and growing by 50%
over the next 5 years, powering a USD 3.6 trillion global gig economy.
The gig economy is empowering the ‘solopreneur’ with
multiple opportunities to monetise their skills and the challenge of this
community is to discover the relevancy and value of their skills.
An opportunity exists to transition the realm of control,
from organisations - gig platforms – middlemen, directly into the finger tips
of the gig worker.
Existing online platforms in the skilling and employment
space focus primarily on permanent, white collar workers or to a certain
section of gig workers. These platforms exist either as networking, profile
advertising or job/education discovery platforms, hence providing a fragmented
set of offerings to the gig worker and limited potential to provide sustained
value during their Gig lifecycle.
For this growing market of gig workers, there are 4 clear
challenges to be addressed:
1. Lack of a standard pricing model in a dynamic pricing
2. Multiple sources of intelligence to make short &
long-term upskilling decisions
3. Fragmented middle-layer for Gig discovery
4. Unstructured access to ancillary services (insurance,
benefits, etc.), through collective bargaining
The solution: We are building a global platform that will
enable gig workers to benchmark and quantify their skills. The entry point of
the platform will function as a Skills Index, an indicator for gig workers to
compare their core skills against those of their peers and against demand, by
locale, city and country. It will enable professionals to discover their price
and skill relevancy based on dynamic demand, then lead them to find jobs,
upskill or avail of ancillary services and SaaS work management tools, through
For a business, value will be derived in terms of a
streamlined hiring process – quick comparisons of vetted skilled workers,
managing contracts online, use of the index to understand gaps in the current
In addition, governments will be able to use the Skill Index
as an information source to better understand the evolving workforce and skills
landscape to guide business decisions and policymaking.