Skip to main content

6 Things You Must Know About The Gig Economy Jobs In India

6 Things You Must Know About The Gig Economy Jobs In India



6 Things You Must Know About The Gig Economy Jobs In India


The COVID-19 pandemic brought about several changes that forced businesses to restructure the way they operate, manage and conduct business operations. It led to a steep rise in pandemic induced remote working jobs and the rising trend of gig jobs. Thanks to the pandemic, the Gig Economy is now on its boom to reach $455 billion by 2024, says The Week. Now that we know the prospects of the gig economy jobs in India,  let's find out six things you must know about the Gig Economy jobs in India. 


What's the meaning of gig? 

Now that you have read the word gig multiple times, what is the meaning of the word gig? Historically, the word 'gig' referred to a concert, event or any program that involved an element of entertainment. When the digital era slowly took its spotlight, the gig economy jobs in India too started to take off. Today, the gig economy job in India is a market that has grown in leaps and bounds and turned into a lifestyle. 


Why is it called the Gig Economy? 

The gig economy encompasses gig jobs that are non-standard and short-lived in nature. In simple terms, it refers to day to day, part-time, or even contractual jobs. Since the nature of gig economy jobs in India is often on-demand and in a specified time frame hence, it is called the gig economy. 


Who are Gig workers in India?

Let's put it out there gig workers are those who perform gig work. Well, that looks confusing, right? Let me break it down for you. In India, all those who carry out temporary jobs, part-time weekend jobs, part-time night shift jobs, picker packer jobs, or other jobs similar to contractual employment are called gig workers. Based on the industry, they are known as freelance workers, remote workers, virtual workers, consultants or even independent contractors. 


How much do gig economy workers make?

"Salaries of gig economy workers are returning to pre-covid levels", says Livemint. The rates had dropped over 25% during the pandemic. Today the rates have been increasing and getting better than the pre-covid scenario. In a survey conducted amongst three lakh individuals who perform gig work,  it was found that there was a 20% increase in their median compensation. Let's forget the numbers, the gig economy jobs in India work on one sole principle, which is "Pay For Work", it simply means that you are paid based on just two factors, nature of work and duration of the work. There's a boundary to earn with respect to gig economy jobs in India. 


Is the gig economy good for India? What's the future of the gig economy in India? 

There's no doubt that the gig economy and gig economy jobs are much more beneficial to companies and workers. It is much more efficient and effective when compared to traditional nine to five jobs. One can say that gig economy jobs in India are becoming mainstream and will only grow further. In this way, the economy will grow progressively and lead to increased productivity. 


Keywords:

Gig economy marketplace

Gig Economy Jobs in India



Labels:
Location: India

Comments

Post a Comment

Popular posts from this blog

MILLENNIALS AND THE GIG ECONOMY

  The present generation who have just entered the workforce and has had high hopes about the future and their workforce. Several millennials today have rejected the idea of traditional jobs as they always seek instant solutions for every problem. This has led the millennials to turn towards the gig economy and pursue their dreams through gig jobs. Let’s quickly take a look at the reason why millennials are increasingly preferring the gig jobs and gig economy of the country. If you are in your 20s or 30s, the most important thing for you is to have a balance between your work and life. Keeping that in mind, gig jobs have brought about a flexible work culture giving you ultimate freedom and autonomy. The gig economy has made it easier for people to have full power and control over their job. They have more control over how and when they work. They also have control over their wages and based on the type of job they perform they can negotiate and also demand wages. Millennials are EX...
Post a Comment
Read more

What is Taskmo, Founders and Services offered by Taskmo

Taskmo Growth Story  It all started when two techies of the city, Prashant Janadri and Naveen Ram took an auto-ride to work and while listening to the conversation between the auto-driver and his son, the duo was astonished to find that the young lad had to drop out of his university because he couldn’t afford his higher education . It was at this point that the duo realised that several students just like the auto driver’s son were forced to drop out of universities due to the lack of financial resources and couldn’t continue their higher education. At this point, the techie duo realised that living in a country that has the highest student population, it was the right time to work in a way that benefits the student community. With this vision, Prashant Janadri and Naveen Ram founded Taskmo , formerly known as FeedMyPockets in 2017.   Taskmo, formerly known as FeedMyPockets is the brainchild of Prashant Janadari and Naveen Ram . They initially started off as a plat...
Post a Comment
Read more

3 Must Know Tips About Product Sampling

 3 Must Know Tips About Product Sampling Out of the several promotional activities out there,  product sampling   has always turned out to be a significant promotional activity for several brands. Most of us would love to get a sample of the things we buy before we buy them. Whether you are planning your next   product sampling campaign   or looking to improve your current product sampling campaign, we've got you covered! Here are some valuable tips that can help you create a  product sampling campaign  that gives you the results you are looking for. Know Your Target Audience The first and foremost thing you must keep in mind before planning your  product sampling  campaign is to understand your target group of audience. The quickest way to resonate with your audience is to give them what they want by understanding their pulse at the right time and right place. You must take time out and research about your target audience and only then plan ...
Post a Comment
Read more