Over 80% of the workforce feels traditional employment is not enough, can dig with gig’s. Survey

The survey indicates that a substantial majority, consisting of 79% of participants, perceive the gig workforce structure as more cost-effective and economical compared to traditional permanent and contractual talent.
Over 80% of the workforce feels traditional employment is not enough, can dig with gig's. Survey

Businesses can save money and have more flexibility thanks to the growing gig economy. Though they bring a plethora of abilities, gig workers must be integrated with clear communication, an attitude that is gig-friendly, and an emphasis on creating a unified culture.


If so, how does it compare to the conventional job market? Is there a way for the gig economy to work with the excessive demands of permanent employment or jobs?


Have you ever wondered what your employees think about the gig economy and how it might affect traditional employment structures?


A recent poll conducted by Genius Consultants Limited, a company involved in the workforce & HR solutions market, indicated a significant shift in viewpoints. Remarkably, 83% of participants predicted that gig workers would eventually overtake the traditional labor force, indicating a paradigm shift in the nature of work.


10% of workers, however, disagree with the statement. According to the poll, a sizable majority of participants—79%—think that the gig worker structure is more affordable and cost-effective than traditional permanent and contractual talent.


This raises possible benefits for companies using gig arrangements. 15% of respondents, however, had different opinions about this. According to the survey, 64% of employees believe that the increasing demand for gig workers will result in higher hiring costs, which may lead to competition amongst companies over compensation packages.


On the other hand, 11% of participants believe that the relationship between hiring costs and demand is more complex. A noteworthy 61% of workers said they would rather hire gig workers than permanent talent for project opportunities, suggesting that flexible and project-based work arrangements are becoming more and more popular.


But according to 28% of workers, this choice is based on things like long-term commitment, stability concerns, or certain job requirements that could be better suited for traditional permanent staff.


Furthermore, a resounding 81% of participants support the establishment of appropriate labour laws and governmental policies to oversee the gig employment model.


This emphasizes how crucial it is to set up a legal framework to guarantee gig workers’ protection and fairness. However, 13% disagree with this assessment of the need for these laws.


“It’s evident that we are on the cusp of a new era in employment dynamics as we witness the transformative rise of the gig workforce,” said Mr. R. P. Yadav, Chairman and Managing Director of Genius Consultants Limited, in response to the findings. The resounding endorsement of gig models and the expectation of a move away from traditional structures highlight how the workforce’s needs and expectations are changing. Businesses everywhere should concentrate on managing this paradigm shift and continuing to lead the way in innovative workplace procedures.


Companies must negotiate these shifts and acknowledge the need for flexibility as the gig workforce grows in popularity. They must be dedicated to creating a lively and welcoming workplace while keeping abreast of changing trends in the labour market.

Read more HR news like this on PropleManager.co.in    


An employee can claim interest on delayed retirement benefits payments.  Kerala HC 

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