PALM BEACH, Florida, October 19, 2017 /PRNewswire/ --
Today more than ever, companies rely on the energy, commitment and engagement of their workforce in order to survive and thrive in the twenty-first century. More and more organizations are seeking a new way of interacting with and managing their workforce. With the rise of the gig economy, more individuals are working on a temporary versus permanent basis such as for freelance contractors, for retail, restaurant and hospitality companies as variable hour employees, or simply for themselves. The emergence of the so-called intermittent workforce is a full-fledged paradigm shift as there seems to be a transformation continuing as employers manage full-time employee labor expense and workers spanning different generations seeking greater lifestyle flexibility. Companies with focus on the growth and opportunity the gig economy offers include: ShiftPixy, Inc. (NASDAQ: PIXY), Google. (NASDAQ: GOOG), GrubHub Inc. (NASDAQ: GRUB), Paychex Inc (NASDAQ: PAYX) and Wal-Mart Stores, Inc. (NYSE: WMT)
ShiftPixy, Inc. (NASDAQ: PIXY), a next-gen technology platform for workforce engagement and management, today announced that the company will host an executive breakout session at the upcoming Fast Casual Executive Summit 2017 in Nashville, October 22-24. The panel discussion, moderated by ShiftPixy's Co-Founder and CEO Scott Absher, will dive into the art of finding, training and retaining talent in the restaurant industry.
The session, entitled "Creating the Ultimate Workforce," is being held at the Omni Nashville Hotel, on Monday, October 23rd, at 11:00 a.m. CT. Absher will be joined for the session by Steve Erickson, President of PDQ Restaurants; Frank Klein, Founder and CEO of Asian Box; David Littlefield, Director of Hospitality and Training, Billy Sims BBQ; and Andrei Stern, Partner and CFO of SuViche. Read this and more news for ShiftPixy athttp://www.marketnewsupdates.com/news/pixy.html
"ShiftPixy now counts among its new clients some of the largest brands in fast food and fast casual. More and more of the largest brand operators are learning about the ShiftPixy approach and are coming aboard," said Absher. "We love being able to introduce ShiftPixy at venues like this, speaking to brand leaders and multi-unit fast casual operators about our innovative solution for meeting the changes and challenges they are facing with the modern workforce."
Additional Gig Economy developments from around the markets:
GrubHub Inc. (NYSE: GRUB) faced one of its former drivers in court back in September, which could set a precedent for future cases around the 1099, gig economy. The trial, which is the first of its kind in California, looks to answer the question many in the tech industry have had for years: Should a worker for on-demand companies be classified as an independent contractor or as a W-2 employee? Read more at: https://www.bna.com/grubhub-wage-trial-n57982088183/
Paychex Inc (NASDAQ: PAYX) recently reported on the rise of portable benefits in a Gig Economy - There are two contradictory facts at play today: (1) most benefits are tied to employment, and (2) a growing number of people aren't working as employees, and instead are independent contractors in the gig economy. According to a 2016 study, "The Rise and Nature of Alternative Work Arrangements in the United States, 1995-2015," 94 percent of net employment growth in the U.S. between 2005 and 2015 occurred in the gig economy. Read more at https://www.paychex.com/articles/human-resources/rise-of-portable-benefits-in-gig-economy
The Internet giant Google (NASDAQ: GOOG) announced earlier this year that it will be investing $50 million in helping people 'prepare for the changing nature of work'. Google said that it will "support nonprofits who are taking innovative approaches to tackling this challenge in three ways: (1) training people with the skills they need, (2) connecting job-seekers with positions that match their skills and talents, and (3) supporting workers in low-wage employment. We'll start by focusing on the US, Canada, Europe, and Australia, and hope to expand to other countries over time." Google has pledged the money to non-profits and other organizations across Europe and the US, backing research into the changing nature of work and helping to ensure 'under-served people' have the 'skills and connections they need to secure new jobs'.
Wal-Mart Stores, Inc. (NYSE: WMT) Gig focus: The world's largest retailer is holding it annual investment community meeting in Bentonville, Ark., where executives also outlined plans to reduce the number of new store openings and shift more resources into building up its ecommerce business and digital technology stack. "We have a plan that plays to our unique strengths," said Walmart CEO Doug McMillon, citing the company's massive brick-and-mortar footprint. "We are well positioned to win the future of retail and I wouldn't trade places with anyone." McMillon said Walmart's ecommerce business will continue to incorporate Jet.com's basket economics strategy, which stresses logistics and supply chain to reduce costs. In terms of online and last mile delivery, McMillon said the gig economy and store associates will play a significant role going forward.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated five thousand dollars for news coverage of the current press release issued by ShiftPixy, Inc. by the company. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.