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Professional Gig Economy - The New Age of Work - a 2018 report

Flexing It shares key insights on India’s Professional Gig Economy trends in 2018-19. Based on analysis of 2000+ organizations, the research reveals top in-demand skills, the types of companies hiring gig talent, and the extent of flexibility freelance work provides.

Published by: Flexing It
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Professional Gig Economy: The New Age of Work

Key Takeaways

  • Breakout growth in the freelance economy globally with 20-35% of workforces in developed markets engaged in independent work
  • The supporting ecosystem is flourishing with growth of freelance platforms, new regulations for freelancers and adoption across organizations.
  • The nature of freelance work has evolved and new segments of freelancing have emerged – as per a Flexing It survey, 70% of freelancers were from core management functions.
  • Professionals and corporates in India are adopting the ‘new way of working’ – the gig economy in India has the potential to grow up to $20–30 billion by 2025.
  • Freelancing can meaningfully help women as a viable career option, especially as they look to stay engaged in the workforce while retaining flexibility.
  • Organizations in India – from corporates to startups – are starting to leverage flexible talent; however, key enablers need to be in place for this to scale.

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