Gig economy takes centre stage as tech boosts opportunities for workers

Gig economy takes centre stage as tech boosts opportunities for workers

The pandemic has seen technology play the role of a great leveler as location and time zones become less relevant. This has boosted opportunities for gig workers, and for providers of platforms enabling a gig workforce marketplace.A gig economy is a free and global market in which firms set short-term gigs that are flexible and skill-based tasks or projects.

As organisational performance continues to be under stress considering ongoing macro-level uncertainty, companies are now steering towards the gig workforce as an alternative, asset-light talent pool, fundamentally geared to meet variable, and dynamically shifting, demand.

According to a Nasscom report, while nearly half of the Indian industry employs gig workers at present, it will emerge a pioneer in this new workforce model over the next 2-5 years.

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Credit: Business Standard

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