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Planning Ahead in the Gig Economy

08 August 2019 | 2-mins read

Planning Ahead in the Gig Economy
The gig economy has become a buzzword of late, transforming the definition of a "job" for many Singaporeans. Yet while this new industry grabs headlines around the world, there is a certain opacity to the subject. Governments and employers aren't sure how to categorise gig work or prepare for the rising economy. Amongst this somewhat hazy outlook, The Manulife Investors Sentiment Index 2018 hopes to shed some light to Singapore's gig economy.

Responses to the Digital Economy:
Optimism >Pessimism

Planning Ahead in the Gig Economy

68% believe it gives them as opportunity to be business owners

Planning Ahead in the Gig Economy
Planning Ahead in the Gig Economy

The Tech Society: Interest versus Reality

Planning Ahead in the Gig Economy

Interest in full-time digitally enabled jobs remain low but the interest increases slightly with the younger generations

Planning Ahead in the Gig Economy

Similar reasons for working in the digital space between current and potential employees

Planning Ahead in the Gig Economy

Workers with full-time jobs who also work on part-time digital-enabled jobs expect a high portion of income from the latter

Planning Ahead in the Gig Economy

Concerns About the Gig Economy

Planning Ahead in the Gig Economy

Lack of financial protection after taking up a full-time digital-enabled job is a worry

Planning Ahead in the Gig Economy
Planning Ahead in the Gig Economy

Despite >80% of respondents having a mandatory retirement plan,

Planning Ahead in the Gig Economy
Planning Ahead in the Gig Economy
Planning Ahead in the Gig Economy

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