50% of Gig Workers Interested in Full-Time Employment Despite Rising Demand Reveals CIEL Report
- Uncertain Nature of Work and lack of Social Security are the major hurdles.
CIEL HR Services, India’s leading holistic talent solutions provider, has released a research report shedding light on the current state of gig work in the country. The study, based on a comprehensive analysis, highlights that a significant number of gig workers (50%) expressed their interest to pursue full-time employment. While gig work has gained popularity as an alternative form of employment, it appears that a considerable number of gig workers view it as a temporary or transitional phase in their careers, with the intention of eventually securing a more permanent full-time position.
According to the research, among the various factors influencing individuals’ decision to pursue Gig Work, two prominent motivations stand out:
(a) Opportunity to engage in diverse projects
(b) Freedom associated with being their own boss
Gig work empowers individuals to take control of their professional lives, make independent decisions, and set their own work schedules. The study further revealed that both male (41%) and female (40%) respondents shared a strong interest in working on different projects. This suggests that gig workers, regardless of gender, appreciate the opportunity to engage in diverse
work experiences.
Despite all these attractions associated with Gig Work, stability remains a major concern for Gig Workers. The biggest challenge gig workers face is the uncertain nature of their employment, with 32% of respondents highlighting this issue. This points to the lack of stability and predictability that gig workers often experience, such as uncertain project opportunities or fluctuating work hours. Lack of Social Security (24%) is another key Challenge that Gig Workers face, leaving them financially vulnerable.
Another key finding of the report reveals more than half (57%) of the employers participating in the study expressed their intent to increase the proportion of gig workers within their workforce by the fiscal year 2024.
“We are witnessing a paradigm shift in the world of work, with gig employment becoming increasingly popular among employers due to its advantages including cost-effectiveness, scalability, and access to specialised skills. However, gig workers are focusing on stability now more than ever. It is evident that while gig work offers unique advantages, these workers are attracted towards job security and benefits that traditional employment offers. As we move forward, it’s essential for businesses to strike a balance between leveraging the benefits of gig employment and recognising the growing importance of providing stability and growth opportunities for the workforce,” says Aditya Narayan Mishra, MD & CEO at CIEL HR.
The comprehensive study is based on responses from 400+ organisations pan India, across Industry sectors, and 1200+ white collar gig workers encompassing a diverse range of age groups, gender, years of experience and geographical locations.
About CIEL Group:
CIEL Group is a holistic talent solutions provider, one destination for all your HR needs. We have been a reliable partner to clients of all sectors and sizes, in their growth journey. CIEL is led by the most experienced and talented workforce spread across 80 offices at 48 locations in India. CIEL Group includes brands like CIEL HR – India’s largest recruitment and staffing company in terms of geo-spread, Jombay – India’s largest Talent Assessment and Development platform, Integrum offering HfactoR, a unified HR Tech platform to manage end-to-end employee lifecycle in organisations, CIEL Technologies that offers Managed Services to optimise IT programmes, CIEL Skills and Careers that engages with various Government agencies as well as the CSR wings of corporates to mobilise students, train them ‘Job Ready’ and place them in meaningful jobs, Ma Foi Strategy that offers consulting services in the entire spectrum of HR, Growth, Payroll and Compliance areas. CIEL HR is India’s fastest growing HR services company (CAGR of 136% over the last 7 years), servicing ~400 companies across industry sectors for their Temporary staffing needs and 2600+ companies to find the right talent for their Permanent positions. It finds talent for companies in the industry sectors of Manufacturing, Energy, Infrastructure, IT & Outsourcing, Pharma, Financial Services, Consumer Products and Services. Over the last 8 years, CIEL has recruited 1,50,000+ people across levels and functions.
