Gig economy is here to stay opine Experts
PUNE: TiE Pune, a non-profit global network that fosters entrepreneurship organized a live session on the topic “The Rise of the gig economy” with Sahil Sharma, CEO, GigIndia, and Aditya Shirole, COO, GigIndia as the speakers. The session was moderated by Vandana Saxena Poria, CA, and Serial Entrepreneur.
While speaking on the future trends for the workplace, Sahil Sharma said, “COVID has had an adverse effect on the lives of business owners and workers, but it has also fast-tracked the trend of remote working. “ People were compelled to adapt to this fast which in turn proved to be beneficial and saw an increase in productivity. In the future, almost every sector will be automated and technological skills will be the most relevant. He added that this, however, would not hold true for social and emotional skills since AI could not automate those. Talking about the per capita income he said that as it increases, more people would want to operate as flexible workers instead of the traditional long-term job at one institution. “As businesses, we will have to work towards incentivizing and managing the new way of working “he concluded.
Businesses have already started to make use of the gig economy by employing people on a temporary basis. Using this type of work model will help companies reduce the cost at which they are gaining results and scale rapidly without increasing the number of employees on the same scale,” said Aditya Shirole while commenting on how businesses should leverage the gig economy.
“Access to the internet, the age of the people looking for temporary work, and job losses are the core reasons that have contributed to the rise of the gig economy. When people lose their normal jobs due to unfavorable circumstances in the job market, they are open to trying out the gig economy way of working. Due to the pandemic, in India, many people have suffered layoffs. As almost everyone has access to the internet due to its easy availability, there is an increase in people looking for gigs”, he added.
While dwelling on the gig economy trend, Sahil Sharma said, “Adaption happens for a longer period of time when the technology is not only about convenience but also about a way of life. Once people start getting used to the gig economy as a way of life and see that it yields regular and meaningful returns, you will know that the trend is here to stay. “ In his opinion, the flexibility of work, having an additional source of income, easier learning process, and upscaling were a few other key factors driving people towards the gig way of working.
The hour-long webinar concluded with a Q&A session.
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2014 The Global Indian New Network (TGINN)