The Industrial Revolution
was initiated through new technology — the steam engine — but its impact was
felt widely across where people lived and worked, with whole new communities
and social effects resulting. Cities, offices, suburbs, factories arose and, in
time, the current technological revolution will have just as great an effect,
making everyone as mobile as they wish to be.
Gig
economy is re-shaping the workforce
dynamics. Technology has fundamentally altered the nature and perception of
work. Work and workforce are no more limited to the four walls of an
organisation. The fourth industrial revolution will rejig workforce model in a
manner which will disrupt and uproot already existing business models. Gig
economy has become one of the leading frontiers in the HR industry, hinting
towards a rapid change in the traditional sourcing and management of manpower. Times
Jobs conducted a comprehensive survey on the rise of gig economy
and its impact on HR fraternity.
New economies will grow away from cities and
new social structures will evolve, enabled by this mobile, flexible and
adaptive way of working. Requesting flexible working has become a legal right
in some countries, and even where it isn’t, it’s becoming an essential for
modern work and the only way to compete for the best people in an increasingly
febrile “war for talent”.
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