Gig Economy In India

They wanted health benefits and formal job agreement over money in their jobs

Around 49 per cent of gig workers on the company's platform are under the age of 25

The demand for the white-collar gig workforce in the previous quarter has gone up seven times as compared to the same period last year

With more and more companies preferring to hire employees on project basis, a report has revealed that there is likely to be 90-110 lakh additions to the gig workforce by 2025, a report said on Wednesday. The gig economy has been one of the most pivotal economic shifts in a long time and people are choosing gig jobs because it works with their lifestyle, they can choose when and how much they work, or it allows them to earn money between jobs, global job site Indeed said in the report. According to the report, companies have also started investing in gig work platforms and processes, which indicates how integral they are to the future of jobs growth in India. A majority of the employers surveyed (58 per cent) estimate the gig workforce to grow to 90-110 lakh, or even exceed this number by 2025, the report revealed. Gig workers are freelancers or contractors who work independently, typically on a short-term basis for multiple clients. "With the emergence of app-based models for rol

Over 400,000 gig and temporary workers were reportedly hired to meet the high demand during this year's festive season

Over 52 per cent of gig workers or contract employees feel that their work environment makes it challenging for them to upskill or find new job opportunities, according to a report. According to the report by CIIE.CO, a startup platform built at Indian Institute of Management (IIM) Ahmedabad, most young respondents increasingly look towards gig economy platforms for their first jobs. However, over 52 per cent of gig workers said the gig working environment makes it difficult to upskill or find new job opportunities, it added. The report further analysed that gigs offered by platforms initially hook individuals with the opportunity of short-term income but keep them employed for prolonged periods of time in a career without a long-term growth trajectory. "Only about one in three individuals we spoke to had clear plans for shifting jobs in the near future. This was despite the vast majority reportedly working overtime in their current shifts and having no resources for up-skilling at

Start-up assists enterprises in hiring high-skill talent on contract and manage such employees

Around 40% of the gig workers now come from the age group of 16 to 23, says a study by Taskmo, an on-demand staffing platform

7.7 million people employed in the sector need welfare measures hardcoded into the law, say some experts

Indian Bureau of Standards also mulling adoption of ISO benchmarks; need for standardisation also arises from increasing number of complaints received by consumer affairs ministry lately

Entitlement extension should be calibrated

While the tribe of contractual workers is growing rapidly, many of the challenges they have been facing remain unaddressed

Think-tank recommends social security for gig workers

Industries like fin-tech, edtech, e-commerce, fashion tech and health-tech are showing maximum job allocation for women gig workers

TMS Ep87: Gig workers, K Srinath Reddy, FPI buying, Treasury Bills

Social security a pipe dream for gig workers? What's K Srinath Reddy's prescription to flattening the Omicron curve? How can India sustain FPI buying in 2022? What are Treasury bills? All answers here

TMS Ep82: Indian economy, Fairwork ratings, markets, Contingency Fund

What is the state of Indian economy? Fairwork ratings on gig workers' condition a wake-up call? What will guide the market sentiment next week? What's the Contingency Fund of India? All answers here

Covid was just the disruptor. Even before it struck, growing tech and digital enhancements had been propelling the growth of e-commerce and online services both within and outside India

By upgrading or augmenting skills, equipping modern tools for better efficiency, people at gig jobs can earn more, some becoming even micro-entrepreneurs

The gig economy can serve up to 90 million jobs in the non-farm sectors in India with a potential to add 1.25 per cent to the GDP over the "long term", a report said on Tuesday

The government on Monday said social security benefits will be extended to platform and gig workers. Presenting the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman said the government also proposed setting up of a portal to collect information on gig-workers, building and construction workers, among others. A portal will be set up to collect info on gig & platform workers, building & construction workers, among others to provide them benefits like health, credit (easy financing), food and others, Sitharaman said in her budget speech in Lok Sabha. She noted that for the first time Code on Social Security Code 2020 has made provision for universalisation of social security for the entire workforce including gig and platform workers. The gig and platform workers are those who are engaged by various e-commerce businesses like UBER, OLA, SWIGGY and Zomato. These workers are not paid salaries and hence deprived of social security benefits like provident fund, group ...