According to a recent study by McKinsey, about 20-30% of the workforce in developed countries’ job markets is engaged in independent work. Another study revealed that during the period from 2005 to 2015, the proportion of American workers involved in “alternative work” or “independent work” showed an increase from 10% to 16%. In America, more than half of the population is engaged in freelancing or contractual work, working from home now. This shows that the Gig economy culture is spreading fast.
What is a Gig Economy?
A gig economy is an environment, in which temporary positions are available in most organizations and most of the employees are employed in a contractual position or as independent workers for short-term engagements. Accordingly, with gig economy comes in flexible jobs, part-time jobs, remote jobs, work-from-home jobs and there is the growing demand for freelancers, instead of full-time employees.
Gig Economy and India
The traditional job market in India is changing slowly and steadily, allowing for greater flexibility. In India too, this trend is on the rise. A survey “Future Of Work” undertaken by Flexing It, a platform for independent consultants in India and South-East Asia, shows that Indian experienced professionals are opting for flexibility and purpose in their career and looking for more and more independent works.
In India, the latest trend is the upswing of start-ups and in most start-ups, the gig economy concept is used, mainly for reducing costs. But in recent years, even consulting firms, multinational companies, large enterprises in India are embracing the gig economy concept. According to the Flexing IT report, in more than 500 organizations that were surveyed, almost one-third organizations are expected to depend on 50% flexible talent in the coming years. According to a report by Indeed India, New Delhi, Mumbai and Bangalore are the leading metropolises in the country, which contributes to 27.2%, 12.4%, and 12.9% respectively to all flexible work opportunities available in India. In a country that is diverse, rich in culture, and embracing the new technology-driven economy, there are myriad opportunities for pursuing a career of one’s choice. Indians are now being sourced by some of the world’s 350 million businesses through various platforms, using their expertise to execute tasks that could not be matched by the local workforce in the buyer’s country. India is actually a big gig economy nation.
In developed countries, Gig economy concept is already at its matured stage. In India, employees and employers are just getting into the mold of shifting from a traditional work culture to a flexible one. But, this is growing, considering the technological advancements in the country.
GoFloaters and the Gig Economy: How Can GoFloaters Help You?
One of the best-known names in the country which has been conceptualized and designed with the growing gig economy concept in mind is GoFloaters. The Indian market has many freelancers or non-employees who are ready to work on short-term projects, especially women professionals, who left their jobs midway or who are not working at present. So, GoFloaters provides them with the facility to get the on-demand and plug and play offices on rent according to their requirement so that they can work flexibly.