The Rise of White-collar gig economy amidst lay-offs

The Rise of White-collar gig economy amidst lay-offs

The white-collar gig economy refers to the rise of freelance or independent professionals taking on short-term projects in fields such as finance, law, management consulting, and technology. The pandemic and post-pandemic times have led to widespread job losses across industries, with white-collar professionals being hit particularly hard. However, the gig economy has been steadily growing, offering an alternative for these professionals to earn a livelihood. 

This trend has been driven by advances in technology, which have made it easier for professionals to find gig work and for companies to hire them. For white-collar professionals who have been laid off, this provides a way to continue earning a living and building their professional networks. Additionally, companies that hire gig workers can benefit from access to a wider pool of talent and can save on the costs associated with full-time employees.

Also read: Hisense India appoints Kamalika Deka as Director HR & Admin

The only reason that high-end, white-collar professionals have never been viewed as gig economy workers in popular imagination is that there has never been a major tech-enabled platform to bring them gigs. A new generation of platforms is now actively promoting gig work among senior white-collar professionals.

In India, Gigvistas, Gig India, and Taskmo, among others, offer short-term assignments or gigs in similar domains such as tech, marketing, and finance, while other platforms such as BuyHive (our client) are dedicated to independent sourcing and procurement professionals. Together, these platforms are enabling a whole new generation of senior white-collar professionals to redefine their work-life balance and earn livelihood on their terms.

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April 2023

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April 2023

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