Gig economy refers to the labour market encompassing contract workers, freelancers, and workers hired for short-term engagements, platform markets (viz. ridesharing, delivery, and property rentals.
Introduction to the Gig Economy
The “Gig Economy” primarily relates to temporary, flexible jobs offered by companies that usually hire independent contractors and freelancers as against regular onsite employees. The instability and ambiguities introduced by the events of corporate layoffs and the practice of services’ offshoring have diminished regular employment avenues.
‘‘The Poor stay poor, not because they are lazy but because they have no access to capital.” – Laureate Milton Friedman
Introduction to Microfinance
Microfinance (erstwhile microcredit) is a financial service offering loans, savings, and insurance to entrepreneurs and small enterprises that lack proper access to banks or investors. The primary objective of microfinance is to make available to the underserved individuals (since they lack the credit or resources to subscribe to a regular bank loan) the required money so as to invest in their nascent business projects. Continue reading “Microfinance & Financial Inclusion: Servicing the Marginalised India”
Freelancing was an option earlier to merely make a living without getting into something permanent but now it is seen as a choice by millions across the world for its various boons.
Freelancing has been fostered exponentially over the last decade due to technological advancement, worker’s need for flexibility and being able to work remotely, and the innumerable innovative job opportunities created by the companies to get better quality work and even then save money. Continue reading “Freelance Industry on the Rise”
Before we get into the why, what is a CIBIL score?
To put in layman’s language, it is nothing but a 3 digit number between 300 to 900 decided by CIBIL, a Credit Information company based on all your credit-related activity within the financial system. This number acts as the first impression for the lender, the higher the score, the better the chances of the loan/credit card being approved. Hence, a CIBIL score is a clear indication to a bank about your financial history on which your credit-worthiness is decided. Continue reading “Why CIBIL score is important?”
The expression “gig economy” alludes to a general workforce condition in which here and now commitment, impermanent contracts, and independent contracting is ordinary. It’s additionally alluded to as the “specialist economy,” “agile workforce,” “sharing economy,” or “independent workforce.” You may believe it’s a trendy expression, and you’d be correct, yet the boundless development of new businesses supporting the gig economy (and the number of laborers utilizing them) is a certain sign that the idea of work as we know it is changing. Continue reading “Empowering The Gig Economy: All You Need To Know”