India more open for GIG workforce | Adding over 9 millions jobs by 2025

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International market slowdown causing disruption, but India Inc. forecasting high employment opportunities by 2025: GIG Workforce

New Delhi: Online service platforms are an emerging business sector in the country. which has growing potential with strong digitalization. Zomato, Swiggy, Medicare, Bigbasket, Blinkit, Ola, Uber, Go-Mechanic, and Urban Company are the renewed names in the sector now.

These sectors are providing unaccounted opportunities for Indian youth in home delivery, vehicle repair, at-home services and other similar services.

According to a report, these online and app-based business solutions are expected to add 9 million to 11 million gig workers by 2025. The findings are based on a survey conducted among 550 employers and 750 gig workers across gig app companies, as reported by Indeed.

The study for the report found that more and more companies are preferring to add workers on a project basis.

During the pandemic, this trend of a gig workforce emerged due to their contribution as COVID survivors. Furthermore, many companies and start-ups start investing in app-based companies and processes, which indicates the high growth of gig jobs in India.

The majority of employers surveyed (58%) estimated the growth of the gig workforce at over 9 to 11 million by 2025.

The report listed many services and app based platforms to provide much higher numbers of gig jobs including personal care services, cleaning services, household or vehicle repairs, food and delivery, a glossary, cab and two wheeler driving, HR consulting, retail, beverages, and home and office services.

Doorstep delivery accounts for the majority of gig jobs in food and delivery, which currently range from 22% to 26%. which is expected to grow massively in the near future.

Aside from that, the report discovered that there was still a significant lack of information and a formalized system for recruiting gigs.

Employers’ preference for a gig workforce allows for greater flexibility in dealing with statutory obligations and the conflicts that can arise as a result of them for full-time employees.

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