Page 2 - Gig Economy In India

Demand for frontline jobs decreased by 17.5% in FY23, shows data

The drop can largely be attributed to global macroeconomic headwinds

Monthly income of food delivery workers fell 11% over 3 years: NCAER

The report also mentions that the food delivery platforms have helped create jobs for young workers in Tier-II and Tier-III cities

6 out of 10 IT firms hiring more gig workers as industry sees slowdown

Permanent jobs in the IT sector have seen a reduction of 5% this year as compared to last year, while the number of gig workers has increased by 40%

Demand for white-collar gig roles rises 11% YoY in March 2023: Foundit.in

This comes amid muted hiring across industries due to global headwinds and job cuts, says study

Women in informal economy have greater career aspiration than men: Study

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

Demand for gig workers increased by 10 times in 2022, says report

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

White-collar workers turn to gig jobs in search of better work-life balance

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

Gig workforce to add 9-11 million jobs by 2025 in India, says report

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

High festive demand pushes up demand for gig and temp workers: Report

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

52% gig workers feel work environment makes it difficult to upskill: Report

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

Gig work platform Awign raises $15 mn in funding round for expansion

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

Teenagers' share in India's gig sector grows 8 times in last 4 yrs: Report

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

Will inclusion in labour code work or do gig workers need a special law?

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

Quality standards for gig, shared economy players soon: top govt officials

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

Platform economy

Entitlement extension should be calibrated

Size of India's gig economy, the challenges it faces and possible remedies

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

Indian gig economy to have 23.5 mn workers by 2029-30: Niti Aayog report

Think-tank recommends social security for gig workers

Women participation in gig economy sees 3x surge: Taskmo report

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