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Sharing Economy: Impacts and Challenges

   

Added on  2020-04-15

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Running head: HR IMPLICATION OF GIG ECONOMYHR IMPLICATION OF GIG ECONOMY Name of the Student:Name of the University:Author Note:
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1HR IMPLICATION OF GIG ECONOMY Executive Summary The purpose of this report is to analyze and report on the HR implications of emergingworking arrangements related to the gig economy. The leading organization in Australia thathas been taken as a frame for the report is 99designs. The 99designs is one of the worldlargest online graphic design market place, which was established in 2008 by MattMickiewicz and Mark Harbottle in Melbourne, Australia. The report will identify andinvestigate the HR benefits and challenges for 99designs and develop possible responses foroperating effectively in this gig economic environment, which is highly flexible workingmode. The report will conclude with provide recommendations of how the organizationmight make best use of the gig economy working arrangements or what should be the bestmethod to incorporate gig economy in the organization called 99designs. The report willconclude with providing recommendations to the situation.
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2HR IMPLICATION OF GIG ECONOMYTable of ContentsIntroduction................................................................................................................................3Gig Economy: Concepts, Theories and HR Implication............................................................4Operation of the Gig Economy in Case of 99designs................................................................4Benefits faced by the HR for the Implication of Gig Economy.................................................5Challenges faced by the HR for the Implication of Gig Economy............................................7Developing Possible Responses for Operating Effectively the Gig Economy as the hyper-flexible Mode.............................................................................................................................9Recommendations and Conclusion............................................................................................9References................................................................................................................................11
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3HR IMPLICATION OF GIG ECONOMYIntroductionThe upcoming change in the employment process where the companies employfreelancers and contractors to do their jobs is known as the Gig economy. It has large aimpact on the traditional economic system of workforceas it focuses on better facilities atcheaper rates compared to the organizations based on the traditional economy (Huws,Spencer and Joyce, 2016). The Gig economy flourishes as in the modern society majority ofthe workforce wants flexible jobs.As the traditional workforce is changing with the emergence of gig economy, theHuman Resource Department of any organization, which offers gig economy-basedworkforce, has transforming role in the new culture (Kenney and Zysman, 2016). The HRdepartment of any organization, which proposes freelance or contractual work, faceschallenges and consumes benefits according to gig economy. The purpose of this report is to analyze the HR implications of emerging workingarrangements based on the gig economy. The leading organization in Australia taken as asubject for the report is 99designs. The report will identify and investigate the HR benefitsand challenges for 99designs. It will further develop possible recommendations for effectiveoperations of 99designs as a gig economy with a flexible work environment. The report willprovide recommendations of how the organization might make best use of the gig economyin its organizational structure for a positive output.Gig Economy: Concepts, Theories and HR Implication The gig economy is an organizational structure which gives its employees thefreedom to have flexible work schedule, ideal for freelancers and contractual employees.From the individual worker’s perspective, the gig economy gives them freedom to work from
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