The Himalayan Company

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How pandemic shaped the gig economy?

• An article by The Himalayan Company

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(No Transcript)
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Introduction
Gig workers are freelancers, online platform
workers, contract firm workers, online call
workers and temporary workers. Gig workers enter
into contractual agreements with companies to
provide services to the companys clients. The
gig economy is based on freelance jobs which
involve customer interaction through online
platforms. This gig economy is very beneficial
for both workers and consumers since it is more
adaptable to everyones consent. The gig economy
involves a large number of freelancers working as
independent contractors.
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This independent freelancing is cheaper in rates
and provides more efficient services to the
users. This kind of economy is perfect for the
urban internet users. The economy has a wide
angle of work dimension ranging from article
writers to part time teachers. This economy is a
labour market characterized by the prevalence of
short-term contracts or freelance work as opposed
to permanent jobs. As Google suggests working
in the gig economy means constantly being
subjected to last-minute scheduling.

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The gigs are the small arrangements where service
is delivered in exchange of money in short
durations.

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The characteristics of gigs include-
Provides short term service.
Deliver the exact targeted work in a short amount
of time.
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In a gig economy, temporary, flexible jobs are
commonplace and companies tend to hire
independent contractors and freelancers instead
of full-time employees. A gig economy undermines
the traditional economy of full-time workers who
rarely change positions and instead focus on a
lifetime career.
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At the same time, the gig economy can have
downsides due to the erosion of traditional
economic relationships between workers,
businesses, and clients. Despite its benefits,
there are some downsides to the gig economy.

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While not all employers are inclined to hire
contracted employees. The gig economy trend can
make it harder for full-time employees to develop
in their careers since temporary employees are
often cheaper to hire and more flexible in their
availability. In many countries, the legal debate
is also going on whether gig workers are to be
classified as temporary workers or permanent
employees.

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The Gigs in the pandemic period-
The Covid19 pandemic has triggered a dramatic
shift towards gig workers, remote working and the
work from home regime. It has lent greater
momentum to the gig economy the term used to
describe the freelancers ecosystem. The gig
approach of service is not only cost-effective,
gig workers can help scale up operations
exponentially. It is much faster while optimising
operational costs.
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All these advantages can help safeguard company
margins that were already under pressure due to
the pre-pandemic economic slowdown. The
disruptions in the economic sector due to this
Covid-19 pandemic has resulted in millions of job
losses. Resulting many to turn into gig workers
almost overnight.
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Now since a year has passed after the upheavals
caused by the lockdown the data coming from
various sources brings forward a limited overview
of Indias gig economy and its profound impact on
the labour market. The data coming forward from
various online gig data researchers points to
various specifications that encapsulate the
dimensions of Indias employment infrastructure.
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In the Covid-19 pandemic era the gig workers
were holding the maximum demand in the work
sector. It is ranging from jobs like last minute
delivery of essential goods to undertaking
remotely proctored online exams. We have seen a
complete new category of gig work in this
pandemic era.


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The Himalayan Company has brought many changes to
come forward with this gig economy in the market.
Our gig based approach was with small shares
which became more popular later after pandemic.
We have included vetted, verified professionals
and have come up with a bunch of services. This
brings forward a three type of short gig approach
with the time duration of 3 days, 3 weeks and 3
months.

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Apart from saving on the overt and covert
expenses of full-time employees, gig and remote
workers are proving to be more productive,
efficient and deadline-oriented. Be they big or
small, these elements offer companies a better
competitive edge. In the ultimate analysis, the
pandemic affect will remain for a couple of years
or so. For individuals and institutions
benefitting from the gig economy will be better
news for coming years. For more information about
this feel free to visit- https//thehimalayancomp
any.com/

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The End