India hubs of multinationals that employ millions are increasingly resorting to hiring of contingent workforce, which helps them address immediate talent requirements even as they remain cautious on permanent recruitments amid a bearish global outlook.
There has been a considerable increase in demand for gig employees in the global capability centres (GCCs) of MNCs in the last six months — up by 20-25% from a year earlier — as they look for a balance of cost-effectiveness, scalability, and faster access to skills, show data from staffing firm Randstad.
GCCs will hire up to about 70,000 gig workers in the next six months, Randstad’s estimates suggest. “The reason behind this trend is the tendency of companies to create a balanced workforce that allows them to be agile and ready to pivot during potential business uncertainties,” said Yeshab Giri, chief commercial officer of Operational Talent Solutions at Randstad India.
“Additionally, having gig workers provides organisations with advantages like cost-effectiveness, scalability, and access to specialised skills,” he added.
This gig model of employment encompasses consultants, freelancers and independent contractors who scale according to project demands. “These on-demand professionals offer expertise, scalability, and access to a global talent pool, perfectly suited to the dynamic project requirements of GCCs,” said Krishna Vij, business head at Teamlease Digital.
Teamlease projections suggest a