Article: Gig economy: A bridge to the future of work

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Gig economy: A bridge to the future of work

The business environment will eventually force more and more organizations to leverage the gig economy whether they like it or not
Gig economy: A bridge to the future of work
To the typical 9 to 5 officer goer, the term gig-economy conjures up images of a struggling musician, or writer — hungry, tired and far from home, looking for their next assignment. But the emergence of the freelancing, temporary or assignment-based workforce has grown from a small trickling stream of renegades and misfits into a gushing river of millions of free agents, a huge global talent pool to dip into. In a country like India, where millions still sit for the Railway Board exams because it represents stability, credibility, and respect is the gig economy growing, and how are talent management teams and business leaders leveraging it for their organizations? A recent study by Paypal India states that India is the largest freelancer market in the world, and one in four freelancers in the world is from India. A study by E&Y reveals that 3 out of 4 organizations globally are looking to increase their contingent workers, and interestingly, two-thirds of contingent worker...

Topics: Hiring, Gig Economy, Learning & Development, Employee Engagement

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How will HR practitioners looking to stay ahead of the curve evolve their performance management strategies in 2019? What performance management trends can we see organizations adopting for a workforce that comprises of a mix of regular employees and gig workers? This issue attempts to decipher the shift and answer questions facing the HR community trying to implement the real-time feedback system.

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