With a 78% increase in high-skilled gig workers participating in contract-based jobs, the gig economy has emerged as a critical alternative as businesses struggle with cost-cutting and layoffs. During the first two quarters of 2023, the demand for gig workers in particular in the IT sector grew by a booming 157%.<\/p>\n
Businesses are turning to the gig economy as a way to vary fixed expenses while interacting with a highly-skilled workforce on a project or milestone basis in response to issues with cost optimisation. Startling statistics from Layoffs.fyi shows that in 2022, 1058 IT companies laid off over 1,64,000 workers, with over 2 lakh workers globally suffering the same fate.<\/p>\n
![\"High-skilled](\"https:\/\/www.careerindia.com\/img\/2023\/07\/itsector2-1689834629.jpg\" "\\"High-skilled")
<\/figure>\n<\/div>\n<\/div>\nHigh Demand For Technical Roles<\/h2>\n
According to Awign Expert, a subsidiary that specialises in high-skill gig workers, the demand for gig workers, particularly for mid-level and senior jobs, is being driven by the IT sector.<\/p>\n
Tech workers with two to seven years of experience and high skill levels are in high demand. High-demand positions include those in Java, Python, React, Vue, Angular, Data Science, Full-Stack Development, Go, Machine Learning, Microservices, C, C Sharp, PHP, Dot Net, and Laravel.<\/p>\n
Gig Work Is On The Rise All Over The World<\/h2>\n
In India, the rise of high-skill gig workers has spread throughout the entire nation rather than being concentrated in any one area. 35% of participants are from Tier 2 cities like Coimbatore, Nashik, and Mysore, while 50% come from Tier 1 cities like Bengaluru, Mumbai, and Hyderabad.<\/p>\n
15% of gig workers are still located in Tier 3 locations like Raipur and Vijayawada. It’s interesting to note that Awign Expert is also seeing high-skill gig workers participate in nations like the US, Canada, UAE, and SEA, demonstrating the gig economy’s influence across the globe.<\/p>\n
Beneficial Situation<\/h2>\n
Because of the gig economy, both companies and employees benefit. Businesses can control costs more effectively by eliminating the fixed costs of full-time employees, and gig workers who are laid off can find new jobs in the gig economy.<\/p>\n<\/p><\/div>\n