Gig Economy

• orgs hire independent contractor for short term assignments
• per time, per task basis
  • no commitment of future work

Types

• Freelancers
• Consultants
• Independent Contractors
• Temps
• Seasonal Workers

Business Models

• Digital marketplace
  • Urban Clap
• Service Listing Platforms
  • Fiverr
• Asset/Service Sharing
  • Ola

India’s position

• gig economy responsible for 56% new employment
• top 10 counties in Global Gig Economy Index Study
• 40% of all freelancing jobs offered worldwide

Advantages to org

• save money & time
• flexibility & availability
• high impact
  • efficiency
  • experience
  • no training phase
  • proximity issues resolved
  • large pool of talented candidates

Advantages to worker

• low barrier to entry
  • Keith Hart gonna call this informal
• flexibility
• variety
• independence
• opportunity to try new jobs, skills
• $\uparrow$ participation of women

Disadvantages to workers

• modest pay
• inconsistent income
• no social security
• manage taxes & expenses
• stress, burnout
• exploitation
• atomization
• Risk Society
  • by Ulrich Beck
• rural - urban disparity
• lack of career advancement

Govt efforts

• Code on Social Security 2020
  • registration for all workers
    • gig
    • unorganized
    • platform
  • schemes for these workers