Is your Human Resources Team fit for the agility required to address the challenges of The Gig Economy? If you haven’t yet heard about The Gig Economy, it is a growing challenge to Human Resource Professionals and people managers now faced with a portfolio of workers, some fulltime while others are contract or contingent workers. A growing segment of the workforce now work “gigs” where they are employed on a particular project versus having a fulltime job. The word “gig” had it origins in the music industry and now can be applied to all sorts of contingent employment (e.g., adjunct professors, contractors, consultants, etc.). The Gig Economy has grown primarily because of employers’ drive to lower costs, especially during economic downturns. Gig workers have the advantage of enjoying greater flexibility in their work assignments but have greater insecurity than workers in fulltime jobs.
HR Agility Fitness is a framework that encourages true balance of the 5 key drivers found in The AGILE Model®, an open systems model, with respect to a rapidly changing VUCA environment. The amount, volume, velocity, intensity, etc. of “noise” encountered with the rapidly changing environment creates the business imperative for agility. How well HR Teams anticipate change, generate confidence, initiate action, liberate thinking and evaluate results will determine their Agility Fitness Level for the challenges of the Gig Economy.
Future blogs on the topic of the challenges of The Gig Economy for Human Resources will feature interviews with Human Resource and Talent Management Executives.