Gig economy appears to the driving force of the business of future. But the absence of appropriate employment law in respect of gig workforce is certainly going to create huge litigation with all its attendant problems and imponderables. Government must step in to protect workers interest, consumer...
Gig Work & Worker
The current skew is right now indicating that more repetitive jobs are covered under GIG. This will change for sure as more and more value creation jobs go for flexible approach and the biggest shift humankind is seeing is a move from balanced work-life to balanced life-work.
They look for flexibility and want to be able to work from any place at their own time. With today's situation, the tide has turned in their favour as remote and flexible working works well for them. Not only Gen Z, the earlier generations too have embraced this work arrangement and are happy to...
The Covid pandemic in 2020 forced several businesses to slow down and trim various fulltime roles permanently, to reduce the financial impact on them. This paved the way for contractual gig workers to step in, as it worked out better for the organisations to hire them and save on fixed costs...
The EdTech sector currently employs ~90,000 people, which will significantly go up as the demand for online education services continues to grow exponentially. In addition to the traditional gig roles, organisations are actively looking for gig workers in HR operations, customer support...
The digital gig economy generated a gross volume of approximately $204 bn from worldwide customers in 2018. Transportation-based services contributed to over 50% of this value. The size of the gig economy is projected to grow by a 17% CAGR and generate a gross volume of ~$455 bn by 2023. India has...
Gig workers indicate that they could live much more comfortably with the additional income and cherish the option to pursue passionate goals and at times preparing for alternate careers. While gig work is a necessity for some, it is a luxury for others. Diversified perspectives and individual...
This shift could have real economic benefits by raising labour force participation, stimulating consumption, providing opportunities for the unemployed and boosting productivity. Necessities have always been mother of invention and the same is being seen with such a phenomenal growth of Gig Economy...
For different categories, the motivation and drive is different. While for categories B and C, the immediate income is the primary motivator, and this is helped by the fact that there are opportunities in Gig economy. Also, the process of getting hired is faster and smoother in case of Gig worker...
September 2023
