The Gig Economy: Satisfaction High But Social Benefits Lacking - Ipsos Report

The Gig Economy: Satisfaction High But Social Benefits Lacking - Ipsos Report

The survey revealed 29 per cent of gig workers highlighted the lack of social security benefits as a challenge.

IANSUpdated: Wednesday, March 20, 2024, 05:59 PM IST
article-image
Representative Image | Pexels

About 84 per cent of gig workers are satisfied with the nature of their work, but some also raised concerns about the lack of social benefits like insurance and Provident Fund (PF), according to a report on Wednesday.

The report by market research company Ipsos is based on a survey of 3,668 gig workers, across platforms such as Swiggy, Zomato, Uber, Ola, InDrive, Rapido, Amazon, Flipkart, Zepto, BigBasket, and Dunzo, from six metro cities, namely Delhi, Mumbai, Chennai, Bengaluru, Kolkata and Hyderabad.

High earning potential (29 per cent), flexibility of schedule (27 per cent) and place (89 per cent), and desire for independence (24 per cent), stand out as the top motivators for gig workers to join the sector. Flexibility (31 per cent) across platforms, being their boss (29 per cent) and finding a better work-life balance (25 per cent) were other key aspects of the gig economy.

On the other hand, the survey revealed 29 per cent of gig workers highlighted the lack of social security benefits as a challenge. Further, the survey revealed that in the absence of gig work, only 30 per cent would prefer traditional work/look for a full-time job as an alternative to meet their financial goals.

About 77 per cent of gig workers also said they would recommend their work to others seeking job opportunities.

RECENT STORIES

'It's SEBI's Job To Regulate Futures And Options Market,' Says Finance Minister Nirmala Sitharaman

'It's SEBI's Job To Regulate Futures And Options Market,' Says Finance Minister Nirmala Sitharaman

Apple Slashes iPhone Prices in India Post-Budget 2024 Customs Duty Cut; Check Out the New Prices

Apple Slashes iPhone Prices in India  Post-Budget 2024 Customs Duty Cut; Check Out the New Prices

IndiGo Flags Higher Inflationary Environment, Escalation In Fuel, Airport Costs

IndiGo Flags Higher Inflationary Environment, Escalation In Fuel, Airport Costs

ITR Filing Countdown: Avoid Penalties and Late Fees – What You Need to Know Before the July 31...

ITR Filing Countdown: Avoid Penalties and Late Fees – What You Need to Know Before the July 31...

Gold Prices Rebound to ₹70,700 per 10 Grams Amid Global Market Strength

Gold Prices Rebound to ₹70,700 per 10 Grams Amid Global Market Strength