The future workforce will be a mix of gig workers and full-time employees

About 65% of Indian firms are currently employing gig workers, a higher share compared to 57% in FY21, according to a report from the National Association of Software and Service Companies (NASSCOM). 

Gig workers today comprise about 5% of Indian companies that have over 2000 full-time employees. For organizations that have lesser than 2000 full-time employees, the share of gig workers is at about 5%. The report further added that gig-hiring remained at a stable pace across all organizations. 

Experts said that the future workforce will be a mix of gig workers and full-time employees, and the gig economy is expected to boost job creation, thereby contributing to the country’s growth.

Technology sector

According to media reports, the number of gig workers in about 15% of the organizations increased by 30% in the last two years. The gig workforce, during the time of talent crunch, has emerged as an important talent management strategy for technology organisations for bridging the gap between demand and supply for talent.

Software development, UI/UX design, and data analytics have emerged as the top three in-demand skills for applicants undertaking gig jobs in the tech domain. The duration of projects being offered to gig workers has increased significantly after the pandemic, according to the reports. 

Survey results

Around  25% of the surveyed organisations are open to hiring gig workers for projects with a duration of more than one year. Also, about 40% of the surveyed organisations have set a fixed fee for gig workers during their initiation period. Morever, about 53% of the organisations have policies to convert their gig workers into full-time employees.

Finally, over 905 of the surveyed organisations are okay with hiring gig workers based on their past experience, or relevant areas. 

Source: Economic Times