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Beyond Banking

What is Gig Economy? How to work your way in the tech-age

Summary: What is Gig Economy? How to work your way in the tech-age

11 May 2021 by IDFC FIRST Bank


Does working in a gig economy mean constantly being subjected to last-minute scheduling? Is there more to being a gig worker? While a labour market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs has evolved to be known as “Gig Economy”, Gig workers are independent workers. These may include but not be limited to contractors, online platform workers, contract firm workers, on-call workers and temporary workers. Gig workers enter into formal agreements with on-demand companies to provide services to the company's clients. Here’s a video that debunks all the myths surrounding this new-age tech-driven concept: 

 

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