The document discusses the gig economy in India. Some key points:
- The gig economy involves short-term contracts between companies/organizations and independent workers. It has grown significantly in both developed and developing countries like India.
- In India, around 20-30% of workers are estimated to be involved in freelancing/independent work. Software and IT are major fields in the Indian gig economy.
- Benefits include flexibility and autonomy for workers, lower costs for companies, and opportunities for specialization. Challenges include payment delays, isolation, and lack of benefits/job security for workers.
- The Indian gig economy is growing rapidly but still faces issues around traditional mindsets, networking opportunities, and payment practices
Everything you have to know about Gig economy and Gig workers is right here. The reason why gig economy is trending among the youth, it's benefits and all explained along with some real time gig works available in India. Hope you find it helpful.
GIG economy - Human Resource management - Manu Melwin Joymanumelwin
A gig economy is an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements.
Here are my slides from a revision webinar on the economics of the Gig Economy. The labour market changes all the time but in the last decade we have seen a fast-evolving landscape of many more people being engaged in gig work and many on short term or zero hours contracts. Who are the winners and losers from the new world of work? Does the expansion of the Gig Economy improve the UK’s macroeconomic performance?
Everything you have to know about Gig economy and Gig workers is right here. The reason why gig economy is trending among the youth, it's benefits and all explained along with some real time gig works available in India. Hope you find it helpful.
GIG economy - Human Resource management - Manu Melwin Joymanumelwin
A gig economy is an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements.
Here are my slides from a revision webinar on the economics of the Gig Economy. The labour market changes all the time but in the last decade we have seen a fast-evolving landscape of many more people being engaged in gig work and many on short term or zero hours contracts. Who are the winners and losers from the new world of work? Does the expansion of the Gig Economy improve the UK’s macroeconomic performance?
HR Policies of Reliance Industries Limited (5Key Points)
- Recruitment Process
- Training and Development
- Inclusiveness & Diversity
- Employee Benefits
- Employee Reviews and Satisfaction
The pitch includes content around general HR policies, Learning and Development initiatives, Integrity & Compliance over-view etc. It aims at providing a flavor of Life @Genpact to prospective Genpact employees which will further smoothen their transition to Genpact.
The Field of Human Resource Management is developing very fast and every department of Human activity is realizing it’s important in the smooth functioning of the organization. Innovative techniques are developed to improve the culture at workplace so that the employees are motivated to give in their best to the organization as also to attain job satisfaction. Hence, it important implements the latest human resource practices in the organization.
The Latest Techniques in the field of Human Resource Development are Employees for Lease, Moon Lighting by Employees, Dual Career Group, Work Life Balance (flexi time & flexi work), Training & Development, Management Participation in Employees’ organization, Employee’s Proxy, Human Resources Accounting, Organizational Politics, Exit Policy & Practice, etc.
This project is about WORK LIFE BALANCE. A latest technique in the field of a human resource. To see how the organization is adopting the new trends in the HR field.
It is significant research in the current scenario to investigate into the successful efforts in Recruitment and Promotion.
For complete tools and techniques of innovative Recruitment the reader may like to read Dr. Sibram nisonko's book in Amazon.com/kindle eBooks.
A project study report on the training undertaken at Aerial Telecom Solutions titled ' Employee Engagement at Aerial Telecom.' - QUESTIONNAIRE BASED STUDY
Training and Development in WIPRo
Wipro have an in-house training department that handles continuous training of employees.
Those with less than one year of experience are taken through a well-structured induction/training program. This will cover all aspects of software development skills that are required.
To meet the ever-changing requirements in training, wipro have rolled out their e-learning initiatives, which is available to all employees. Their "Virtual Campus" runs with the objective of building a vast learning community on the Net. The facility of "Training on demand" enables the individual to be in complete charge of his own learning experience.
Drivers for Gig Economy and how freelancer platforms such as UpWork, Freelancer, and Toptal allow organisations to scale their workforce, be agile, and access high-quality talent at competitive cost.
Latest trends in hr 2020 - pexitics (people excellence indicator analytics)Subhashini S Tripathi
Top Trends in HR and People Management 2020 – The Surge of the Gig economy
2020 is set to be a momentous year. We , at Pexitics (People Excellence Indicator Analytics) bring to you the important trends in the way People Management will evolve in the near future.
HR Policies of Reliance Industries Limited (5Key Points)
- Recruitment Process
- Training and Development
- Inclusiveness & Diversity
- Employee Benefits
- Employee Reviews and Satisfaction
The pitch includes content around general HR policies, Learning and Development initiatives, Integrity & Compliance over-view etc. It aims at providing a flavor of Life @Genpact to prospective Genpact employees which will further smoothen their transition to Genpact.
The Field of Human Resource Management is developing very fast and every department of Human activity is realizing it’s important in the smooth functioning of the organization. Innovative techniques are developed to improve the culture at workplace so that the employees are motivated to give in their best to the organization as also to attain job satisfaction. Hence, it important implements the latest human resource practices in the organization.
The Latest Techniques in the field of Human Resource Development are Employees for Lease, Moon Lighting by Employees, Dual Career Group, Work Life Balance (flexi time & flexi work), Training & Development, Management Participation in Employees’ organization, Employee’s Proxy, Human Resources Accounting, Organizational Politics, Exit Policy & Practice, etc.
This project is about WORK LIFE BALANCE. A latest technique in the field of a human resource. To see how the organization is adopting the new trends in the HR field.
It is significant research in the current scenario to investigate into the successful efforts in Recruitment and Promotion.
For complete tools and techniques of innovative Recruitment the reader may like to read Dr. Sibram nisonko's book in Amazon.com/kindle eBooks.
A project study report on the training undertaken at Aerial Telecom Solutions titled ' Employee Engagement at Aerial Telecom.' - QUESTIONNAIRE BASED STUDY
Training and Development in WIPRo
Wipro have an in-house training department that handles continuous training of employees.
Those with less than one year of experience are taken through a well-structured induction/training program. This will cover all aspects of software development skills that are required.
To meet the ever-changing requirements in training, wipro have rolled out their e-learning initiatives, which is available to all employees. Their "Virtual Campus" runs with the objective of building a vast learning community on the Net. The facility of "Training on demand" enables the individual to be in complete charge of his own learning experience.
Drivers for Gig Economy and how freelancer platforms such as UpWork, Freelancer, and Toptal allow organisations to scale their workforce, be agile, and access high-quality talent at competitive cost.
Latest trends in hr 2020 - pexitics (people excellence indicator analytics)Subhashini S Tripathi
Top Trends in HR and People Management 2020 – The Surge of the Gig economy
2020 is set to be a momentous year. We , at Pexitics (People Excellence Indicator Analytics) bring to you the important trends in the way People Management will evolve in the near future.
The digital labour market uder debate: Platforms, workers, rights and WorkertechAlbert Canigueral
"The digital labour market uder debate: Platforms, workers, rights and Workertech" is a study about the future of work and the future of workers. The report has been comissioned to Ouishare by Cotec Foundation with the suport of Malt.
The Live of Workers and the Changing Nature of Work The Gig Econo.docxcdorothy
The Live of Workers and the Changing Nature of Work: The Gig Economy
Executive summary: (200 words not included word count)
Introduction: - (250 words)
We are constantly reminded of the looming presence of the gig economy within today’s labour market. Although gig workers today make up a considerably small fraction those employed nationally, over the past decade this segment of the labour market has grown at an unprecedented rate. External forces of technological advancement, increased demand for non-standard work schedules, the desire to capitalise, lack of regulation and globalisation of the labour market have driven this rapid expansion. The concept of ‘gig work’ today is commonly associated with individuals carrying out tasks or offering services through online platforms created by for-profit organisations (Minter 2017). However, the gig economy also includes any freelancers, project based workers and independent contractors (Knox 2018). With the “sharing-economy” trend forecasted to expand even further and absorb a large portion of the labour market over the coming years, there is a growing need to address the challenges, risks and benefits it will bring. Much of the literature surrounding the current state of the gig economy and its future prospects within Australia addresses the growing need for legitimized representation of gig workers and proposes possible regulation methods (Knox 2018; Minter 2017; Sarina & Riley 2018; Stewart & Stanford 2017). This report will add to existing research firstly by analysing the attitudes and ideas held by young Australian’s towards gig work forms, then defining the probable future of gig work within Australia, and finally by suggesting ways to regulate this area of the labour market in order to protect its workers and the wellbeing of greater society.
Study Method: (300 words)
Findings: (500 words)
Among the five respondents, Austin, Benjamin and Yoe are studying bachelor’s degree. Aung and Jan have already received a master’s degree. All five interviewees have gig economy working experience. Aung and Jan are currently working full time, Benjamin and Yoe are currently working on gig jobs, and Austin is looking for gig jobs. In addition, both Yoe and Austin have experience working in convenience stores. Aung and Austin believe that gig jobs can get more money during their student years and improve their quality of life. Yoe and Jan believe that gig jobs can accumulate a lot of experience to help them get full time work. Benjamin is more concerned about his uni work, he does not want gig job to affect his studies. Compared to full time work, the flexibility of gig job is more concerned by respondents. Yoe, Aung and Austin both hate 9 to 5 jobs, they are eager for free time and want to manage their own time. The flexible working schedules and small stress of gig jobs are perfect for them. Benjamin also cherishes gig economy to provide jobs for workers. However, Jan and Benjamin are concerned th.
In India, 15 million gig workers are employed in sectors like software and professional services. Further, the gig economy is becoming increasingly desirable, especially for tech-savvy Millennials with the rise of freelancing apps and an increasing job crisis.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Leaders are often faced with ethical conundrums(a confusing and difficult problem or question). So how can they determine when they’re inching toward dangerous territory? There are three main psychological dynamics that lead to crossing moral lines.
There’s omnipotence: when someone feels so aggrandized and entitled that they believe the rules of decent behavior don’t apply to them.
Consider cultural numbness: when others play along and gradually begin to accept and embody deviant norms.
Finally, when people don’t speak up because they are thinking of more immediate rewards, we see justified neglect.
Generally most people mean well, but simply execute their job poorly sometimes and sometimes, there are BAD bosses. We must learn “to Work "on Bad Boss
According to dictionary.com, “to work” something or someone is to put them into effective operation, to operate that thing or person for productive purposes.
Put your Bad Boss into effective operation to get whatever you want in your job or career by learning your boss’s secret desire and secret fear
Two biggest issues of Bad Boss are:
They can negatively impact our work performance.
They can make life miserable
We often hear “being difficult.” about Bad Boss. It’s hard to know exactly where the difficulty lie. All we know is it is difficult to work successfully with this person.
An incompetent person is someone who is
Functionally inadequate or
Insufficient in Knowledge, Skills, Judgment, or Strength
Mindset is a mental attitude that determines how we interpret and respond to situations.
Dweck has found that it is your mindset that plays a significant role in determining achievement and success.
A mindset refers to whether you believe qualities such as intelligence and talent are fixed or changeable traits.
People with a fixed mindset believe that these qualities are inborn, fixed, and unchangeable.
Those with a growth mindset, on the other hand, believe that these abilities can be developed and strengthened by way of commitment and hard work.
Story of Katalin Karikó, a researcher who won the Nobel prize for medicine for her work on modifying the RNA molecule to avoid triggering a harmful immune response is a classical example of mindset.
Yet, her life was full of rejection and doubt.
Her achievement had much to do with her mindset.
A theory is a based upon a hypothesis and backed by evidence.
A theory presents a concept or idea that is testable.
In science, a theory is not merely a guess.
A theory is a fact-based framework for describing a phenomenon.
In psychology, theories are used to provide a model for understanding human thoughts, emotions, and behaviors.
Hence study of Psychology theory is essential for SSB and all types of Interviewas it helps us to understand our own developmental psychology.k
Personality theorists should study normal individuals
All behavior is interactive
The person must be studied in terms of interactions with their environment
The brain is the locus of personality
There is a biological basis to personality
Definition of Personality
1- Personality is an abstraction formulated by a theorist.
2- It refers to series of events that ideally span over life time from childhood to adulthood
3-It reflects novel, unique, recurrent and enduring patterns of behaviours – his education and training .
4- Personality is located in brain- imagination, perception
5.Personality comprises the person’s central organizing and governing processes, whose function is to
Resolve conflicts,
Satisfy needs, and
Plan for future goals.
” Emotions are complex psychological states involving three distinct components: a subjective experience, a physiological response, and a behavioral or expressive response”
"Discovering Psychology," by Don Hockenbury and Sandra E. Hockenbury
In 1972, psychologist Paul Ekman suggested that there are six basic emotions that are universal throughout human cultures: fear, disgust, anger, surprise, joy, and sadness.
In the 1980s, Robert Plutchik introduced another emotion classification system known as the wheel of emotions. This model demonstrated how different emotions can be combined or mixed together, much like the way an artist mixes primary colors to create other colors.
Plutchik proposed eight primary emotional dimensions: joy vs. sadness, anger vs. fear, trust vs. disgust, and surprise vs. anticipation.
These emotions can then be combined to create others, such as happiness + anticipation = excitement.
In 1999, Ekman expanded his list to include a number of other basic emotions, including embarrassment, excitement, contempt, shame, pride, satisfaction, and amusement
Anger is an intense emotion you feel when
Something has gone wrong or
Someone has wronged you.
It is typically characterized by feelings of
Stress,
Frustration, and
Irritation.
Anger is a perfectly normal response to frustrating or difficult situations.
Anger only becomes a problem when
It’s excessively displayed and
Begins to affect your daily functioning and the way you relate with people.
Anger can range in intensity, from a slight annoyance to rage.
It can sometimes be excessive or irrational.
In these cases, it can be hard to keep the emotion in check and could cause you to behave in ways you wouldn’t otherwise behave.
Cognitive distortions are
Negative or irrational patterns of thinking.
Simply ways that Impostor Syndrome convinces us to believe things that aren’t really true.
Inaccurate thought patterns that
Reinforce our negative self perception and
Keep us feeling bad about ourselves
These negative thought patterns can play a role in
Diminishing our motivation,
Lowering our self-esteem
Contributing to problems like
Anxiety,
Depression, and
Substance use.
Trauma Bonding is the attachment an abused person feels for their abuser, specifically in a relationship with a cyclical pattern of abuse.
Is created due to a cycle of abuse and positive reinforcement
After each circumstance of abuse, the abuser professes love, regret, and trying to make the relationship feel safe and needed for the abused person.
Hence Abused
Finds leaving an abusive situation confusing and overwhelming
Involves positive and/or loving feelings for an abuser
Also feel attached to and dependent on their abuser.
Emotional abuse involves controlling another person by using emotions to Criticize , Embarrass ,Shame ,Blame or
Manipulate .
To be abusive there must be a consistent pattern of abusive words and bullying behaviours that Wear down a person’s Self-esteem and Undermine Their mental health.
Most common in married relationships,
Mental or emotional abuse can occur in any relationship—including among
Friends
Family members and
Co-workers
Attachment-related patterns that differ between individuals are commonly called "attachment styles."
There seems to be an association between a person’s attachment characteristics early in life and in adulthood, but the correlations are far from perfect.
Many adults feel secure in their relationships and comfortable depending on others (echoing “secure” attachment in children).
Others tend to feel anxious about their connection with close others—or prefer to avoid getting close to them in the first place (echoing “insecure” attachment in children).
Borderline personality disorder, characterized by a longing for intimacy and a hypersensitivity to rejection, have shown a high prevalence and severity of insecure attachment.
Attachment styles in adulthood (similar to attachment patterns in children):
Secure
Anxious-preoccupied (high anxiety, low avoidance)
Dismissing-avoidant (low anxiety, high avoidance)
Fearful-avoidant (high anxiety, high avoidance)
Conduct disorder is an ongoing pattern of behaviour marked by emotional and behavioural problems.
Ways in which Children with conduct disorder behave are
Angry,
Aggressive,
Argumentative, and
Disruptive ways.
It is a diagnosable mental health condition that is characterized by patterns of violating
Societal norms and
Rights of others
It's estimated that around 3% of school-aged children have conduct disorder and require professional treatment .
It is more common in boys than in girls.
Oppositional defiant disorder (ODD) is a psychiatric disorder that typically emerges in childhood, between ages 6 and 8, and can last throughout adulthood.
ODD is more than just normal childhood tantrums
Frequency and severity of ODD causes difficulty at home and at school.
Children with ODD also struggle with learning problems related to their behavior.
Two types of oppositional defiant disorder:
Childhood-onset ODD:
Present from an early age
Requires early intervention and treatment to prevent it from progressing into a more serious conduct disorder
Adolescent-onset ODD:
Begins suddenly in the middle- and high-school years, causing conflict at home and in school
There have been at least 13 different types of intelligence that have been identified so far.
These different ways of being smart can help people perform in different areas from their personal life, business, to sports and relationships.
Attachment is an emotional bond with another person. John Bowlby described attachment as a "lasting psychological connectedness between human beings.“
Earliest bonds formed by children (with caregivers) have a tremendous impact that continues throughout life and Attachment so developed
Serves to keep the infant close to the mother, thus improving the child's chances of survival.
Are innate drive Children are born with and is a product of evolutionary processes
Emerges and are regulated through the process of natural selection,
Are characterized by clear behavioural and motivation patterns.
Nurturance and responsiveness were the primary determinants of attachment.
Children who maintained proximity to an attachment figure were more likely to
Receive comfort and protection, and
More likely to survive to adulthood.
e-RUPI is a person and purpose-specific cashless e-voucher designed to guarantee
that the stored money value reaches its intended beneficiary and can only be used for
the specific benefit or purpose for which it was intended. The idea is to create a minimal
logistics, leak-proof delivery mechanism for a wide range of government Direct Benefit
Transfer (DBT) programs across the country. The digital e-voucher platform can also
be used by organizations who wish to support welfare services through e-RUPI instead
of cash
The term ‘Moonlighting’ became popular in America when people started working a second job in addition to their regular 9-to-5 jobs. Since the rise of the work-from-home concept during the pandemic, employees got free time after work hours. While some took up their hobby in their free time, others started searching for part-time jobs. Especially in the IT industry, employees took up two jobs simultaneously and took advantage of the remote working model. This concept of working for two companies/organisations is referred to as moonlighting.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Thesis Statement for students diagnonsed withADHD.ppt
Gig economy and india
1. GIG Economy and India
Ref-News Paper and Slide Share
By Col Mukteshwar Prasad(Retd)
2. Gig ,Sharing and Platform Economy
The “Gig Economy” is where independent workers contract for short term
engagement
The “Sharing Economy” means generating money by sharing or renting
assets
The “Platform Economy” is the use of IT system to facilitate /connect
opportunities for gig/Sharing economy
20-30% of the workforce in developed markets is engaged in
independent work (study by McKinsey )
The proportion of Americans workers engaged in “alternative work”,
jumped from 10.7% to 15.8% from 2005 to 15(research by economists
Lawrence Katz of Harvard University and Alan Krueger of Princeton
University ).
“We find that 94% of net job growth in the past decade was in the
alternative work category,” said Krueger.
7. What is Gig Economy?
A gig economy is a work environment ( borderless and technology
enabled) where organizations /businesses hire temporary workers or
freelancers instead of full-time long-term employees.
In the consulting/knowledge working context, the gig economy is often
referred to as the open talent economy, a term largely attributed to
Deloitte Consulting.
Or
Fragmented Work where someone is given a work for certain amount of
time
People provide a service nearly always through a digital platform
Companies provide temporary positions to workers and the latter
reaches independent, short-term contracts with them.
So, instead of a regular wage, workers get paid for “gigs”.
The trend is very strong in advanced economies like the US where there is
large volume of cases where firms engages in short term contracts with
workers.
8. What is Gig Economy?
Even the terms – employer/employees cannot be used here as it
indicates a rather long-term identity.
Well known Gig businesses include
Uber ,
Amazon ,
UberEATS ,
TaskRabbit,
Hermes and
Deliveroo
9. What promotes gig economy?
1.Emergence of the digital age.
Here, workforce is highly mobile and work can be done from anywhere,
anytime.
This means that you need not reach at the location of the organization to do the
job.
The distance indeed creates the distance in relationship as well.
2.Firms, in the era of disruption will be safe as it avoids long term
obligations like pension and other emoluments, when they provide
short term contract
The worker can be relieved at any time without any friction.
3.The short-term engagements better fit for the workers to search for
the best.
4.Software and technological changes taking away human efforts also
contributed to the gig economy.
Declining or uncertain financial conditions and necessity to cut workers at any time
also promoted companies to go for short term contracts.
Temporary nature of projects and greater specializations etc., added to this trend.
10. What promotes gig economy?
5.Slow penetration of the millennial work culture into the labour market
Uncertain business climate and declining profits in the context of disruptive
innovations also tempted companies to go for short-term labors.
In the US, colleges and universities recruit teachers and professors on
contract basis.
But the typical example is the digital sector workers like the Uber workforce
who are having a short term and flexible contract with the organization.
6. A highly connected, mobile workforce, and the emergence of the
millennial generation that values a flexible work schedule so strongly
that it would be willing to give up higher pay and promotions for it, is
driving the change in rules of the employment game.
PwC’s “Workforce Of The Future Report”, the “desire for autonomy is
strongest in China, especially among young people, indicating a generational
shift in attitude towards greater freedom, entrepreneurship and specialist
skills in this rapidly evolving economy”
11.
12. Advantages
The trend of short term contract and the emergence of the gig economy have
created competition and efficiency among workers, with the flip of
uncertain Work Environment
Firms benefit from several angles.
Labour welfare emoluments like pension, gratuity etc., can be avoided.
Save training time and related expenses.
The future work situation will be that of the gig economy- business
analysts predicts.
16. Downsides
“Receiving payments in a timely, safe and
secure manner is one of the key concerns of
this community. At PayPal, we work closely
with freelancers enabling them to leverage
the opportunity in India and across the
globe,” Subramanian said.
17. How the Gig economy works
Embracing the open-talent economy helps organizations blend
full-time employees with short-term consultants, making them
nimbler and more efficient.
Unlike traditional consultants—such professionals often get
embedded in the organization, assimilate its ways of working and
cost a third of what a “traditional” consultant might, while bringing
a wealth of experience and specialist skill sets.
It is a win-win for both the company and the independent
consultant.
There are, of course, some challenges.
For starters, how can companies and independent
professionals be expected to find each other in an effective
and efficient manner?
From the organization’s perspective, the challenges centre
mainly on the reputation of the consultant, and whether that
person can meet the expectations of the task.
18. How the Gig economy works
From the consultant’s perspective, the “model” works on
networking, word-of-mouth references and 24x7 business
development.
Some of the finest consultants (akin to other creative and
knowledge workers) do not always make the best business
developers.
Often, senior professionals who decide to branch out on their
own for lifestyle or downturn-related reasons find it tough to
find business without the comfort of a strong brand,
resources and an organization behind them.
Besides, contracts are often skewed in favour of
conglomerates, with little room for negotiation.
An organization’s ability to engage with talent on an on-demand
basis could truly reshape the way businesses work.
However, this needs to be implemented with an open mindset and
well-articulated expectations.
19. How the Gig economy works
For the model of on-demand talent creates an ecosystem that
promotes super specialists who need clear direction and
assimilation in the traditional organizational hierarchy.
(Ref -Ruchira Chaudhary article in HQ Asia)
20. Indian Scenario
India's gig economy, or the freelancing one, especially those who operate
over the Internet, has taken off over the last three-five years.
Freelancing is at a nascent stage in India and therefore growing fast.
One in every four freelancers are from India.
The country dominates when it comes to software, with India
contributing 50 per cent of the global freelancers in this domain, a
new report from payments company PayPal said.
The survey, among 500 freelancers in India, reported that a majority of the
freelancers are under 40 with a mean annual income of Rs 19,02,785.
About 23 per cent of the surveyed have an annual income in the range of
Rs 40,00,001-Rs 45,00,000.
By one estimate, India could have up to 20 million ‘freelancers’ —
individuals who use computers/internet to offer services in both domestic
and export markets.
There is also an industry estimate of the Indian ‘freelancers’ market size
growing to whopping $20-30 billion by 2025.
Most Indian freelancers are under the age of 40 and are predominantly
men.
The Indian market has many freelancers/non-employees ready to
engage in short-term projects—but these have been focused
primarily on lower-value projects.
21. Indian Scenario
“India, for us, is more of a talent base than a client base,” says
Vincent Casanova, a-connect’s client partner for Asia,
Casanova classifies India as a highly competitive market with a
large number of independent consultants with strong English
proficiency whose skills can be utilized in other Asian markets
(mainly the Middle East and South-East Asia).
“This talent is available at low rates by regional standards, which
makes it attractive and affordable,” says Casanova.
“At the same time, it is important to note that the growing trend in
most Asian markets—with the exception of the Middle East,
Singapore and Hong Kong—is the high demand for consultants
with strong local knowledge, network and language skills. This
could potentially curtail the use and exportability of Indian
independents,” he adds.
There are several reasons to celebrate the gig economy in India but
there are practical challenges too: the traditional mindset, lack
of networking platforms, a large variance in billing rates and a
feeling of isolation.(Sumer Datta and Sanjay Lakhotia, the co-founders of
Noble House)
22. Indian Scenario
Most Indians have taken to freelancing after having heard about it from
Friends,
Family,
Social media and
Freelancing platforms
The top jobs include
Web/mobile development,
Web design,
Data entry and
Internet research.
Some of them are also engaged in high end skills
Accounting,
Graphic design and
Consulting.
Marketing,
Human resources
Finance
23. Indian Scenario
Australia, the UK, and the U.S. generate a chunky part of their
international income.
A significant 41 per cent of Indian freelancers witnessed growth in last 12
months
Expect to be doing lot more ‘freelancing’ work in the future
74 per cent of the Indian freelancers surveyed had a PayPal account. The
rest were mainly using bank transfers for payments.
The report does not mention the relation between the lesser number of
technology jobs available now and the choice of freelancing
Most Indian IT services companies have slowed down hiring or are in
the middle of manpower rationalisation because of the impact of
automation and a slowdown in growth.
Start-ups, after a span of irrational exuberance, are hiring conservatively
as well.
24. Indian Scenario-Challenges
About 61 per cent of the respondents said they faced issues in getting
paid, both from international and domestic customers.
Many of them receive payments only after two-four weeks of invoicing.
Gig workers often have to deal with
Tough customers,
A very competitive industry and
Isolation(About 17 per cent of those surveyed said they feel isolated
when working.)
So why do the young choose freelancing over regular employment?
Survey indicates that
"being my own boss",
Flexible Scedule
The freedom to pick work they like, and
The possibility of earning more is making freelancing an attractive
option.
“Our Future Of Work survey tells us that Indian knowledge
professionals are increasingly opting for independent gigs as a
matter of choice and are seeking flexibility and purpose in their
career,” says Chandrika Pasricha,