---
title: "The Future of Work: Trends, Possibilities and Challenges"
description: Advanis talks about how the future of work is shifting using insights from recent studies discussing the gig economy and hybrid work models.
---

[Advanis Blog](https://blog.advanis.net)

# [The Future of Work: Trends, Possibilities and Challenges](https://blog.advanis.net/the-future-of-work-trends-possibilities-and-challenges)

 Written by [Advanis](https://blog.advanis.net/author/advanis) | Nov 8, 2021 7:22:00 PM

With workplaces now embracing a hybrid approach to work, along with the ever-expanding Gig Economy, it is no secret that the future of work is experiencing major shifts.

After the pandemic, workers and employers have accrued a liking towards working from home. In our recent survey, 77% of employees and 64% of managers are interested in a hybrid work arrangement after the pandemic (65% and 48% in the US). In the long term, we might even see the supply of remote workers begin to outweigh the demand with 49% of employees considering applying for remote positions and only 21% of managers looking to hire far from where they are located (43% and 44% in the US). 

In addition to a growing hybrid workforce, the gig economy is rapidly growing because decision makers appreciate the [unique skill sets](https://www.cnbc.com/2018/10/29/4-gig-economy-trends-that-are-radically-transforming-the-us-job-market.html), opportunities, and possibilities presented by gig economy workers. This is driving the trend by Fortune 500 companies to source parts of their workforce through the gig economy. Another notable benefit is the ability to hire highly valued experts for specific projects. Not only does this fulfill the need for hard-to-reach talent but companies can also expect a significant [reduction](https://www.fisherphillips.com/gig-employer/top-2019-trends-to-expect-for-the)in training costs and onboarding time.

Until recently the gig economy has been [largely unregulated](https://www.researchgate.net/publication/318979013_Regulating_work_in_the_gig_economy_What_are_the_options), with parties working on the basis that freelance workers in the gig economy are independent contractors. The gig economy could enter the less-conventional areas of the labor market; if there is an increased acceptance of freelance or gig models across the labor market. There are two distinct demographics of workers in the Gig Economy, the Freelancer and the Gig Worker. Each group has major differences in their age, education, income, etc. which brings unique needs and wants. Some key findings from our recent study show that:.

- The perceptions of gig work depend on the worker’s perceived level of financial stability.
- Financial instability is an ongoing concern of those working gigs, who struggle to get business loans.
- Gig economy workers miss employer-sponsored health benefits to manage their stress and well being,
- Interest is high in public and private products that would bring stability and wellbeing to gig workers.

You can view our [Gig Economy Canada Infographic](https://blog.advanis.net/hubfs/Gig%20Economy%20Canada%20Infographic.pdf?hsLang=en) for the quick highlights, and/or contact Anu Bhalla to request access to the report. Results of the US version of this study can also be requested or the quick highlights can be viewed [here.](https://blog.advanis.net/hubfs/Gig%20Economy%20USA%20Infographic.pdf?hsLang=en)

If you are interested in learning more, please contact Anu:

[View full post](https://blog.advanis.net/the-future-of-work-trends-possibilities-and-challenges)

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