TALENT MANAGEMENT IN THE GIG ECONOMY

Abstract

The gig economy has rapidly transformed the landscape of contemporary work arrangements. This study investigates the multifaceted dynamics of the gig economy, focusing on its implications for talent management within organizations. It delves into the interplay between gig economy trends and talent management strategies, shedding light on critical aspects of this evolving paradigm. The first part of the study examines the influence of gig economy trends, including platform diversity, skill-based hiring, and geographical flexibility, on talent management strategies such as project-based workforce planning, skill development programs, and agile workforce policies. Findings reveal that organizations emphasizing skill-based hiring and platform diversity are more adaptive in their talent management approaches. The second part explores the engagement of gig workers and its impact on productivity and innovation within organizations. It evaluates factors like onboarding experience, communication channels, and feedback mechanisms. While engagement is crucial, this study finds that these factors do not directly correlate with productivity and innovation. The third facet investigates the role of legal and ethical considerations in shaping talent management practices in the gig economy, emphasizing the significance of legal and ethical frameworks. In conclusion, this research provides valuable insights into the changing dynamics of talent management in the gig economy. Organizations must adapt their strategies to harness the benefits of this evolving landscape while ensuring ethical and legal compliance.