SIDC LAMS
When we think of the gig economy, e-hailing services and start-ups generally come to mind, however, the gig economy actually refers to independent employment, over geographically expansive areas, or any temporary contract employment such as freelancing, temporary work and jobs in the sharing economies. Therefore, the notion of the gig economy worker is wide ranging to include anyone from a Grab driver or Airbnb host, to copywriters, graphic designers, translators, trainers, human resource professionals, coders, designers and data scientists. The gig economy also supplies the project managers, consultants and developers who are central to digital transformation initiatives that companies with a global reach often invest in.
Mckinsey in its report “A labour market that works: Connecting talent with opportunity in the digital age” estimated that the gig economy could add US$2.7 trillion per year or 2% to the global economy in 2025. According to Forbes, in the US more than one third (36 %) of U.S. workers are in the gig economy. In 2019, they contributed US$1.4 trillion to the US economy.
The gig economy in Malaysia in 2018 has over 4 million workers (representing 26% of total workforce) which is a 31% increase from 2017, surpassing the traditional workforce growth. These numbers are expected to grow rapidly with millennials continuing to dominate the workforce and the increasing number of Gen Z graduates entering the job market with their preferences to prioritise work life balance and autonomy. Consumer behaviour with their reliance on digital platforms for instant gratification and the disruptive impact of the Covid-19 pandemic on businesses with anticipated occurrences of salary cuts and retrenchments across industries will also see Malaysians, employers and employees alike, leveraging on the resourcefulness and advantages of the gig economy to deliver services and as the main source of income to make ends meet.
This programme will provide insights on the rapid developments in the gig economy landscape, globally and in Malaysia including the role of digitalisation and the impact of the Covid-19 pandemic. This programme will also delve into the different composites of a gig worker and their motivations as well as the digital platforms that support the gig economy and enables businesses to scale up. Additionally, the programme provides insights on the policy directions for the gig economy, its synergies with the capital market, the case for widening the product suite and services to cater for the unique requirements of a gig worker and how businesses will forever be reshaped through the gig economy.
Live Webinar
Individual
Business owners (Start-ups, SMEs), Consultants, Capital Markets Services Representative’s License Holders, HR Managers, Policy Makers, Directors, C Suite leaders, Key Management and anyone who has an interest in digitalisation and the gig economy
Institutions
SMEs, Start-ups, Government Agencies, Consultancy Firms, Legal Firms, Accounting Firms, Fund Management Companies, Stockbroking Firms, Investment Banks, Commercial Banks and Public Listed Companies (PLCs)
Upon completion of the programme, participants will be able to:
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10.00 am – 12.00 pm |
What do We Mean by Gig Economy?
The Gig Economy Worker Composite
Capital Markets and the Gig Economy
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CEO and Founder, Bumi Data Mining Sdn Bhd
Head of Asia, Workana
CEO, Qwork
Director of Sharing Economy Development Department, Malaysia Digital Economy Corporation (MDEC)
10:00:00 AM - 11:30:00 AM
Online Remote Proctoring
10:00:00 AM - 11:30:00 AM
Online Remote Proctoring
02:30:00 PM - 05:00:00 PM
Online Remote Proctoring
02:30:00 PM - 05:00:00 PM
Online Remote Proctoring
10:00:00 AM - 11:30:00 AM
Online Remote Proctoring
10:00:00 AM - 11:30:00 AM
Online Remote Proctoring
Whether you need capital market products and services training, technical skills training, behavioural training or digital technology trainings, we can develop a programme to fit your needs.
