Rapid Emergence of the Gig Economy is Reshaping Businesses Globally as Large Corporations Begin to Realize Huge Benefits From The Freelance Sector

Jun 29, 2016, 08:30 ET from FN Media Group LLC

CORAL SPRINGS, Florida, June 29, 2016 /PRNewswire/ --

The GIG Economy is a service industry where workers are expected to operate like mini-businesses. The influence of these kinds of service industry companies is growing. According to an analysis by Greylock Partners, the value of transactions over platforms such as car services Lyft and Uber, grocery delivery service Instacart and courier service Postmates could grow as large as $10 billion this year.

ShiftPixy, Inc. creates innovative solution to Employer/Employee problems created by affordable care act (ACA); revolutionizes "GIG Economy" structure by creating its own proprietary workforce to lend out to third party employers.  The ShiftPixy Solution allows employers who choose to reduce Employee Work Hours as their default dption to avoid mandated regulatory costs and related burdens; gives them the ability to maintain workforce levels while providing employees opportunity to receive "Full Time" Wages and Healthcare Coverage.

Read details of ShiftPixy management explaining why they believe that the Company has the potential to significantly increase revenues in the future by clicking here: http://financialnewsmedia.com/profiles/pixy.html

ShiftPixy Has Filed A Regulation A+ Offering Circular with the SEC; Will Use A New SEC Regulatory Framework That Allows Non-Accredited Investors The Opportunity To Invest in SEC Registered A+ IPO Offerings.  For more information go to: https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo/

Scott W. Absher, ShiftPixy Founder & CEO said: "As technology has advanced over the past decade, new internet-based employment platforms emerged which are often referred to collectively as the "Gig Economy." Many of these platforms, such as Uber (transportation) and Instacart (grocery delivery) regularly engage "contract workers" rather than "employees" for jobs (gigs). Among other reasons, his classification allows companies Uber to operate with 20% to 30% less in labor costs than competition having employees, leading to eye-popping numbers like Uber's $40 billion valuation or Instacart's latest $220 million round of funding. Many fear that loss of the gig workforce structure, either by a wave of class-action lawsuits, intervention by regulators, or through the collective action of disgruntled workers, and the gig economy may be in serious jeopardy.

In other news from around the markets:  Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions for small- to medium-sized businesses, recently released the results of its Paychex Snapshot, finding that an overwhelming majority of HR leaders believe that managing HR has become more challenging.  Seventy-three percent of those surveyed agreed that managing HR has become increasingly difficult in their role as an HR leader. That number jumps to 80% for those serving in an HR director, vice president of HR, or chief HR officer role. Of the HR issues facing the industry today, benefits management (30%), performance management (27%), and recruitment and retention (24%) were top-of-mind among respondents.

Automatic Data Processing, Inc. (NASDAQ: ADP) News:  As small and midsized businesses continue to compete in the war for top talent, technology that helps the recruiting process continues to play a primary role in attracting the best job candidates.  ADP TotalSource®, the largest Professional Employer Organization (PEO) in the United States, understands this, and now offers advanced technology to help firms attract top talent -- including video interviewing and applicant tracking technology -- through ADP Hiring for TotalSource(SM).  Clients can use the tool and handle their recruitment efforts on their own or they can get assistance from the ADP TotalSource team of recruitment professionals. These professionals can provide clients with additional help that includes writing job posts and placing them in targeted outlets, to reviewing resumes and conducting initial screenings for an additional fee. In addition, as part of the standard PEO offering, clients will be eligible for 3 free postings to job boards per year.

Professional Diversity Network, Inc. (IPDN), a developer and operator of online networks that provide access to employment opportunities for diverse professionals in the United States, announced today that it has formed an exclusive partnership with ManpowerGroup Solutions, part of theManpowerGroup (NYSE: MAN) family of companies.  According to a study of more than 1,200 job seekers in the United States, diverse candidates are listening for different messages from employers than the overall candidate pool, and they are listening in different places. As such, if companies really want to cultivate diversity in the workplace, human resources executives need to be purposeful about their messaging and target their outreach through the channels diverse candidates trust most.

Grubhub Inc. (NYSE: GRUB), the nation's leading online and mobile food-ordering and delivery platform, announced last month the launch of GrubCentral, the company's new in-restaurant technology platform. Accessible from any device, the GrubCentral platform makes it easy for restaurants to manage their menus, review Grubhub financial statements and easily process orders from any device.  GrubCentral raises the bar on efficiency and functionality standards for in-house restaurant technology. It offers significant improvements over the first in-house restaurant technology, OrderHub, which Grubhub introduced in 2012. OrderHub is an Android app that allowed restaurants to manage online orders received via Grubhub.

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