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Tech Giants Embrace Gig Workers for Agility
14 Jan
Summary
- Gig hiring is increasing in IT, rising 10% in the past year.
- Companies seek agility and cost control via flexible talent.
- Gig workers offer valuable bench strength and skills on demand.
The technology sector is experiencing a significant rise in gig hiring, with information technology accounting for a substantial portion of temporary job postings, an increase of 10% over the past year. This strategic move allows companies to maintain agility and control costs by accessing specialized skills on demand without long-term commitments, a vital approach in today's fluctuating market.
Despite recent layoffs aimed at correcting fixed costs, tech talent remains in demand, particularly in new-edge technologies. Companies are shifting towards a 70:30 workforce mix of permanent to contract employees. This flexible staffing model helps multinational corporations navigate headcount approval challenges and provides a crucial talent pool to quickly fill gaps caused by attrition.
Gig workers are increasingly vital, offering valuable bench strength and specialized skills at competitive salaries, with typical ranges from Rs 15 lakh to Rs 70 lakh annually. Demand is highest in IT consulting, data analytics, machine learning, and AI. This trend is also expanding beyond IT firms to Global Capability Centers (GCCs) seeking to build in-house technology expertise.
