The majority of employees in India (83%) believe that going forward, the gig workforce will overshadow the traditional workforce, reports Business Standard, citing research from Genius Consultants. The report also said that 79% of those interviewed view the gig workforce structure as more cost-effective and economical compared to traditional, permanent, and contractual talent, revealing potential benefits for businesses adopting gig models.

Meanwhile, the report found that 64% of employees anticipate an increase in hiring expenses with the rising demand for gig workers, suggesting potential competition among organisations in pay structures. At the same time, 61% expressed a preference for employing a gig workforce over hiring permanent talent for project openings. Another 28% of employees thought gig working is subject to factors such as concerns about stability, long-term commitment, or specific job requirements that might be better suited for traditional permanent talent, the report noted. Significantly, 81% of respondents believe that proper labour laws and government policies should be introduced to structure the gig workforce work model.