Professional Documents
Culture Documents
Tapping
Gig
Talent HOW COMPANIES ARE
REORIENTING THEIR
SYSTEMS TO INTEGRATE
SHORT-TERM WORKERS
BY SONAL KHETARPAL
ILLUSTRATION BY RAJ VERMA
What Firms
Must Do to
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A senior Re-look at Define job Ensure free- Make con Offer insur
leader of the job roles/pro- roles and lancers are tractual ance if job is
company can files; outline asks based clear about agreements on premises,
work to build the ones that on skills expecta- flexible to apart from
buy-iin can be required and tions and get cater to their access to
from existing given to outcomes to feedback varied re digital learn-
teams freelancers be achieved instantly quirements ing tools
in Himachal. "This is life. Why will I evergo back?"he says. While there is no aggregate data on Indian firms that
People such as Malgi used tobe an exceptiona fewyears are using freelancers, Axis Bank announced this year that
ago. With lockdown, the freelance work they do has found 15 per cent of its incremental hiring over the next three
a much wider acceptance among companies as more and years will be under alternative work models. Lawfirm Cyril
more professionals open upto theidea of gigwork. India is Amarchand Mangaldas is moving to a new "permanent
now the second-fastest growing market for gig work in the dynamic working policy"that enables employees to choose
world with an estimated 15 million freelancers, according where and when they want to work. One of the concepts is
to Payoneer's report, 'Freelancing in 2020: An Abundance flexi-lawyering where people can work on short projects
of Opportunities'. of, say, four-cight months. Prince Augustin, Executive Vice
Chandrika Pasricha, Founder & CEO, Flexing It, a cu- President-Group Human Capital & Leadership Devel-
rated platform that helps organisations access and work opment, Mahindra & Mahindra, says, "This is part of our
with independent consultants, says there has been a huge overall workforce plan where they come for specialised
change in mindset in the last one year as professionals want work, deliver, and go away.
tobein charge of their life and career. "There is a realisation
thatjob security is a myth. Even younger professionals want owever, is this as simple as it
to focus on building and monetising their skills," she says; sounds? Or does it require
the trend used to be more common among experienced changes in structure of com-
professionals. panies considering that most
The boom in companies that facilitate working arrange- organisations are built on fixed
ments between companies and gig workers is the clear templates? Companies that are
est indicator of where things are headed. L0ok at global looking to make gig work more
freelancing platform Upwork. Its third-quarter revenue central to their operations are
(FY2020) surpassed expectations by rising 24 per cent to doing exactly that by making their processes and policies
$96.7 million. CEO Hayden Brown said in the company's more flexible to accommodate short-term employees and
earnings release that the growth has come on the back makingthe most of their skills and time. This includes mak
on "both existing and new clients who adopted Up- ing contractual arrangements more flexible, offering insur
work in record numbers." Back home, number of firmns ance if the job is on the premise and re-definingjob roles
looking to hire consultants on Flexing It rose 75 per cent based on skills required and outcomesto be achieved. "The
in FY20. benefits willbe realisediforganisations see that as more of
Being Battle-Ready
Companies are built for employees who are expected to
Consultin9
have a long-term engagement withthem. Makinggig work
integral to their operations will require them to be farmore
dynamic. It will help if CXOs themselves act as evangelists
FMCG forthe change. "Firms need one of their senior leaders to
Education
*****
Own it, work on it andget the teams, one by one, to try it,
says Alok Agarwal, Chief Marketing Officer, Orient Bel.
Shraddhanjali Rao, Vice President of Human Resources,
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SAP, India, says, "It is important for firms to create the right
environment for all kinds of employees before jumping
on the bandwagon and increasing on-demand workers."
She says companies should start with incremental shifts
so that the change is acceptable to all stakeholders. For
*
instance, SAP has introduced a programme called "Talent
Marketplace' to prepare their fulltime employees for the
road ahead. This allows anyone in the company to put out
Development/ Pharmaceutical a project opening. Any employee, irrespective of his or her
Not-for-profit Healthcare
existing expertise, can take up the stretch assignment. For
example, adeveloper who aspires to be a data scientist can
Source: Flexing It report, Professional Gig
Economy Report 201920 take up a data-related assignment and deliver on thejob. It
could be a fourweeks to six months project.
This platform has helped us institutionalise the
mindset of dual careers and talent mobility and agility.
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Clipped from -
Business Today December 27, 2020
Read it digitally on the Magzter app
Management - Gig Work