The era is accepting agility by gig working platforms, which is mainly due to flexibility, ownership and digital connectivity. India may be one of the global leaders in the race of the Gig Economy with demographic advantage, digital platforms and policy making in place.
Gig Work & Worker
A study of present labour laws reveals that gig workers' right to claim employment relation with the aggregators is not pronounced in clear terms. There is no legal definition that provides for the protection of the rights of gig workers.
The road ahead for Indian gig workers is challenging and promising at the same time and the Govt. needs to frame conducive HR policies for this upcoming cohort of India.
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...
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...
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...
