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India Inc makes a gig shift in hiring

Source | | Rica Bhattacharyya, ET Bureau

Demand for freelance professionals has reached an all-time high in India as companies in sectors such as technology, professional services and consulting, fast-moving consumer goods (FMCG), healthcare and pharmaceuticals, banking, financial services and insurance (BFSI), and manufacturing are increasingly appointing gig workers to meet talent needs.

This comes at a time when the traditional or full-time white collar job market has plateaued or shrunk in some sectors amid macroeconomic headwinds.

The number of freelance projects on gig platform Flexing It rose 25% in the January-June period from a year earlier. The data was shared exclusively by Flexing It with ET. A separate survey done exclusively for ET by executive search firm Ciel HR Services at 400 large, medium and small companies across sectors showed that the adoption of gig workers rose to 55% of organisations in the June quarter from 30% in the same period a year ago.

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