A househusband who freelances on an online writers’ platform, a dance teacher who drives for a cab aggregator to supplement her income, and a college student who works for a food delivery app during her free time are all remarkable examples of how the future of work will be reshaped by allowing employees the freedom to organise their schedules and balance their work and personal lives smartly. The gig economy is frequently hailed as the most significant development in this era, whether as the most recent advancement in work-life balance or as a vast new sector that will modify established working relationships.
A brief about Gig Economy
According to a NITI Aayog report on “India’s Booming Gig and Platform Economy,” by 2029–2030, there would be 2.35 crore (23.5 million) gig workers. Many employees are considering expanding their education, finding new and diversified sources of income, or even intentionally changing their entire professional path. Unquestionably, the pandemic has affected the employment market on a worldwide scale, but it’s intriguing to observe how it’s positioned the world for what comes next!
A few of the most common job categories that shape the gig economy at present are as follows:
Benefits of the gig economy
Now, let’s go through some major benefits of the gig economy, primarily the online freelancing platforms that you may find amazing.
There is reason to believe that the gig economy will expand significantly over the coming decades. A tech-savvy generation of Millennials is becoming more and more interested in and able to find gig work as a result of the emergence of new freelancing applications and a growing unemployment issue. Numerous studies conducted over the years have found that gig workers are happier, leading to lower absence rates and turnover. The gig economy empowers employees by allowing them flexibility in their schedules and day-to-day routines, allowing them to maximise their potential in both their professional and personal lives.