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Read the following 3 articles (all of them) on the topic of the Gig Economy - a growing trend & write a short paper (4-5 pages total including cover page and separate page with references; this means...

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Read the following 3 articles (all of them) on the topic of the Gig Economy - a growing trend & write a short paper (4-5 pages total including cover page and separate page with references; this means 2-3 pages of content) in APA format answering the following questions:


  1. How does this issue affect companies and, specifically, HR practices? Conduct your own research and consider the effects not just on the act of recruiting talent but also the pay and benefits a company offers and can offer.

  2. Have you participated in the gig economy or know someone who is or has in the past? If so, describe the situation (type of work, perception of the gig option, long-term viability). If you haven't experienced this and do not know anyone who has, conduct Internet research for a story of someone who is working in this capacity to answer this question. There are many stories, often on blogsand some in newspapers, about individual experiences.

Answered Same Day Feb 05, 2023

Solution

Asif answered on Feb 06 2023
32 Votes
HRM 4
Human Resource Management
Name and Number of Student
Date of Submission
Answer: 1
Impact of Gig Economy on Human Resource Practices
    It is essential to understand what a gig economy is before analyzing the impact of it on HRM practices. Generally, a gig economy is a free or labor market system in that based on part-time and temporary positions filed by independent freelancers and contractors rather than fulltime permanent employees. Both employer and employees gain a number of benefits in terms of independence and flexibility. In a gig economy, a company or firm hires sovereign employees or workers for short-term commitments with no job security. Moreover, it is important to know that a gig economy has negative impact on various human resource practices like recruiting talent, benefits, pay, staff development, performance management, compensation management, and motivation and employee involvement in decision making.
A gif work becomes more deeply rooted in hourly labor, a Human Resource management will require to lead the changes in formulating of HRM practices that offer proper benefits, rights and protection to these workers. For case, it is more complicated for a HR or employer to attract and recruit talent from a gig economy...
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