India sees 3% monthly rise in hiring, white-collar gig jobs up 184%
Updated: Apr 2nd, 2024
Source: IANS |
India saw a 3% monthly rise in hiring in the months of February and March, as white-collar gig jobs skyrocketed 184% (year-on-year), a report showed today.
Additionally, gig workers, representing a vital workforce segment, expanded by 21% over the same period, highlighting companies’ increasing reliance on freelancers and independent contractors to meet business needs, according to a report by a job portal.
The IT sector is at the forefront of the gig boom and the share of IT software in the gig economy has nearly doubled, jumping from 22% in Mar 2023 to a dominant 46% in March this year.
“The metro cities of Delhi, Bengaluru and Mumbai are paving the way for gig jobs. We expect the gig economy to grow even more in the next few months, so it’s prudent for job seekers to equip themselves with relevant skills that will make them stand out in a competitive market,” said Sekhar Garisa, CEO of the job portal company.
Advertising and marketing also witnessed significant growth, with the share of gig jobs increasing from 5% to 18% over the past year.
The IT sector saw a marginal decline from 7% growth in February to 2% in March.
The banking/financial services and insurance (BFSI) sector reported stagnant growth.
Engineering, cement, construction and iron/steel maintained a steady growth rate in March, the report noted.
Further, the government, public sector undertakings (PSUs), and defence sectors experienced a slight uptick in hiring activity.
(Source: IANS)
-Edited for style
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