Analysis of Gig Economy's Impact on Contemporary HR Practices in the Professional World
DOI:
https://doi.org/10.7492/172g5h67Abstract
The gig economy has ushered in a paradigm shift in the world of work, significantly impacting contemporary HR practices in the professional sphere. This abstract delves into the multifaceted analysis of how the gig economy has reshaped human resource management strategies, focusing on talent acquisition, policies, workforce planning, and organizational culture.the gig economy has revolutionized talent acquisition. Organizations increasingly rely on freelancers and independent contractors, diversifying their talent pool. HR departments are tasked with adopting innovative approaches to identifying and attracting gig workers who possess specialized skills. This shift towards a more dynamic workforce necessitates the development of efficient onboarding processes and flexible recruitment strategies.HR policies and benefits have evolved in response to the gig economy. Traditional employment models with comprehensive benefits packages have been reconsidered. HR professionals must now design more adaptable compensation and benefits structures that cater to the unique needs of gig workers, balancing cost-effectiveness with the need to retain top talent.the gig economy has accentuated the need for fostering an inclusive organizational culture. Integrating gig workers into the fabric of the company is vital for building a sense of belonging and loyalty among all employees. HR plays a pivotal role in creating an environment where diversity of employment arrangements is celebrated and where every worker feels valued.
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