A STUDY ON GIG ECONOMY AND REDEFINING EMPLOYMENT IN BHOPAL DISTRICT

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