IT companies are hiring gig workers to bridge the shortfall of workers as attrition rate rises

Attrition rate in TCS had a 19.7% attrition rate in the past 12 months, for Wipro it was 23% during the quarter. HCL Technologies’ attrition rate climbed to 23.8% in the June quarter from 21.9% in the March quarter.

In TCS GIG workforce is called talentcloud

Wipro has topcoder named freelance platform for with 1.5 million workforce .

Tech Mahindra has built beGIG freelance platform to hire freelance workforce

In Infosys it is predicted thats more gig jobs to emerge in the domains of Artificial Intelligence (AI), data analytics, product engineering, cloud computing and UI/UX design

Gig workers have niche skill that helps in sharpen their talent

According to assocham report domestic gig economy is to going to become a $445 billion industry by 2024

IBEF predicted that the country will have 350 million gig jobs by 2025