Future of Workforce: Decoding the Gig Workforce 2.0

Future of Workforce: Decoding the Gig Workforce 2.0

Future of Workforce: Decoding the Gig Workforce 2.0

Overview

This report is an extensive study to understand the gig workforce landscape in the technology sector, current and future trends and how the gig workforce is emerging as one of the levers for us to address the tech talent demand and supply gap

Available in Soft Copy Only

Key Findings

Gig Workforce Engagement Models Maturing in India

Two-third of the organizations are now employing gig workers, a higher share compared to 57% organizations in 2020
65% organizations in the survey highlighted gig workforce proportion to total workforce remains < 5%, while for smaller organizations with < 2000 FTEs gig worker proportion is >5%

Top Demand Drivers and Skills

Top Drivers – Specialized Skills, Employee Demand Elasticity, Cost Optimization
Focus on specialized skills pushing organizations to move towards gig for technology roles which traditionally were restricted to HR and support functions
Top Gig Tech Skills – Software Development, Data Analytics, UI/UX Design

Top Ways Gig Creating Impact

24% respondents highlighted increased efficiency in completion of Tasks
24% respondents highlighted reduced time to hire
19% respondents highlighted ability to attract diverse talent

Recommendations

Industry: Formulate structured policies for gig; Encourage retired and women folks to join as gig; Use technology to solve for security concerns; Nurture an inclusive culture
Gig Workers: Invest in upskilling; Utilize online gig platforms; Follow highest standards of business ethics and data security
External Gig Platforms: Verify credentials; Encourage retired and women folks to join the portal

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