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Gig Workers’ Rights - Coggle Diagram
Gig Workers’ Rights
What is it?
Tech-enabled platforms connect the consumer to such worker
Advanced countries like the US, Europe
Companies hire independent contractors and freelancers
Flexible jobs are commonplace
Freelancing is evolving into Gig Economy
Trends in Gig Economy
Firms are shrinking in size
Expanding from less skilled services to more skilled jobs
$204 bn from worldwide customers in 2018
Popular amongst the blue-collar workers
Digital gig economy generated
Gig Economy in India
India is 5th largest for for flexi-staffing
India is likely to have 350 million gig jobs by 2025
India’s gig sector is expected to increase to US$455 billion at a CAGR of 17% by 2024
Unicorn boost will also supplement Gig Economy
Pandemic has given the boost
Key Drivers for Gig Economy
MNCs are hiring contractual employees
Rise in freelancing platforms
Emergence of a start-up culture
Business Models, Contractual work
Unconventional work approach by millennials
Top reasons for popularity
Unemployment
Making extra money
Earning for job seekers
beneficial for women
Autonomy and control
Various challenges
Workers do not have the bargaining power
Confidentiality is not guaranteed
Often face unfair termination
Not accessible for rural areas
No social security emoluments
No minimum wages
Way forward
Basic training and courses on freelancing should be provided
Career avenues, choices, counseling
Mandatory coverage under govt schemes on insurance etc.
Dedicated HR department
Implementation of Code on Social Security