The WorkerTech Ecosystem
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Workertech refers to digital solutions designed to offer the self-employed in the gig economy personalized benefits and protections similar to those of traditional employees. It encompasses innovations from startups, traditional companies, and proactive policymakers addressing the needs of gig workers amidst low uptake of pensions and insurance. The document outlines various workertech applications, their significance in promoting formal labor relationships, and future steps for implementation and outreach.
The WorkerTech Ecosystem
- 4. My dad Now Future of WorkersFuture of Work Adapted from Albert Canigueral, OuiShare (@AlbertCanig)
- 6. Who’s Developing WorkerTech? 1. Startups which have taken advantage of gaps in the market and regulatory landscapes to open up sectors like insurance and banking, and offer products specifically designed to the self- employed and gig workers. 2. Traditional Companies (insurance, finance, training, etc.) which have identified a business opportunity and are starting to adapt their service offering to the emerging workforce. 3. Policymakers Frontrunner government departments that are aware labour regulations need to keep pace with technology.
- 7. Why this is Important Emergent WorkerTech applications can offer employee-style arrangements for the self-employed, while still being a personalised choice. Against a backdrop of very low intake of private pension and insurance for the self-employed across Europe, WorkerTech solutions are badly needed. Otherwise the welfare state will be coming under increasing pressure. WorkerTech solutions can provide valuable services to the entire workforce. And, in countries with a high percentage of informal economy, these services can also promote the formalization of labour relationships.
- 10. 80 70 60 50 40 30 20 10 0 2014 2015 2018 4 10 12 12 13 15 5 19 53 30 21 2016 Usetoday 2017 Considering next 2years UpWorkF500 Source: SIA CW BuyersSurvey Forecast of companies sourcing via onlineplatforms
- 11. Source: SHRM and SAP SuccessFactors, Want Your Business to Thrive? Cultivate Your External Talent.
- 41. Revenue optimization Solutions offering gig workers opportunities to maximise their income Examples: SherpaShare, Hurdlr, Uber Quest, Dovetail X
- 70. Common Features of WokerTech 1. Individualised solutions allowing the self-employed to choose a specific benefit. 2. Use existing and emerging technology to ensure access to benefits. 3. More dynamic, flexible and responsive to real time earnings of the self-employed. 4. Allow the self-employed to access benefits regardless of the number of platforms and customers they are working with.
- 71. Next Steps 1. Data and good practices collection (Q2 2019) - COMPLETED 2. Bilateral stakeholder consultations (Q3 2019) - ONGOING 3. Roundtable with selected initiatives and online survey (Q4 2019) 4. Final report with policy and other recommendations (Q4 2019) 5. Outreach to governments and large companies (Q1 2020)