A STUDY ON GIG ECONOMY AND REDEFINING EMPLOYMENT IN BHOPAL DISTRICT

<p>The Gig economy has had an enormous impact on the nature and status of employment. The&nbsp;<br>Fourth Industrial Revolution, adoption of Exponential Technologies and digital platform have&nbsp;<br>changed the traditional full-time, stable individual employment system but also bring tremendous&nbsp;<br>job opportunities in the form of on-demand freelance contractor work to unemployed workforce&nbsp;<br>especially Millennials. It is disrupting the way in which we work, who we work with and where&nbsp;<br>we work from. This paper explained what the gig economy is, what are the challenges facing by&nbsp;<br>workforce and Indian Economy and its impact on nature and status of employment. This paper is&nbsp;<br>tried to analyze the millenials" perspective regarding the gig jobs, employment status under gig&nbsp;<br>economy and also tried to explore the factors which should be included in overall employment&nbsp;<br>system. This paper also gives an overview for Best Practices to be adopted for framing policies&nbsp;<br>and regulations of workers under gig economy. A total of 124 gig workers from taxi aggregator&nbsp;<br>services of Bhopal District have been selected for this Study. Our study concluded that the most of&nbsp;<br>the gig workers earn their primary income through gig job and they would like to continue this gig&nbsp;<br>job on permanent basis</p>