GIG ECONOMY

A gig economy is a work environment (borderless and technology enabled)

where organization or business hire temporary workers or freelancers
instead of full-time long-term employee. The term "gig" is a slang word
meaning "a job for a specified period of time" and is typically used in
referring to musicians. Examples of gig employees in the workforce could
include freelancers, independent contractors, project-based workers and
temporary or part-time hires. It can also be said that the gig economy is
where independent workers contract for a short term engagement.
Promoters of GIG Economy:
 Digital age
 Firms in the era of disruption will be safe as it avoids long term
obligations to workers like pension etc.

Benefits of GIG Economy:

 There is Gender equality.

 Flexibility in the hours of work.
 The quality workers can be called again and again.
 Reduced fixed costs.
 Reduced investments.

Downside of GIG Economy:

 Doubts over the actual flexibility if time offered

 Job and income uncertainty
 Lack of paid vacations or sick leaves
 Inadequate investment in worker training.
 Talent Management

What is talent?
Talent can be described as the sum of a person’s abilities, skills, knowledge,
experience, intelligence and the capacity to learn and grow. In the competitive
and complex corporate world a person’s talent is what makes him/her makes
stand out of the crowd.

What is talent management?

The concept of talent management is not only restricted to recruiting but also
to exploration, development, transition according to the culture of the
organization. It can also be termed as a continuous process that involves
sourcing, hiring, developing, retaining and promoting them while meeting the
organization’s requirements at the same time.

What makes talent management even harder?

 Getting caught up in faddish trends.

 Failing to think about how the whole talent management system works
together.
 Focusing on inputs and process efficiencies, rather than outcomes.
 Adding new process without taking others away.

Talent management has become one of the most important term in corporate
world. Organizations know that they must have the best talent in order to
survive in this highly competitive and high paced global economy. They must
manage talent as one of the critical resource to achieve the best outcomes in
long run.
 Zappos

History
Zappos.com is an online shoe and clothing retailer based on Las
Vegas, Nevada. The company was founded in 1999 by Nick Swinmurn
under the domain name shoesite.com. Nick was in search of a
perfect pair of shoes but was unsuccessful. He then decided to quit
his day job an in this way zappos was founded. Later in july 2009
Amazon acquired Zappos.

Key features:
 Free shipping
 365 days return policy
 Real inventory in warehouse available for all products

Company culture:
 Build an open and honest relationship with communication
 Build a positive team and family spirit
 Do more with less
 Be passionate and determined
 Be humble
 Pursue growth and learning
 Google
History
In 1988 Larry Page and Sergey Bin created google search engine. In September
1988 Google Inc. opened its doors in Melno Park, California.
Mission:-
To organize the world’s information and make it universally accessible and
useful.
Vision :-
To make search engines so powerful that they would understand everything in
the world.
The Focus:-
Google continues to focus on innovation and on user experience.
Googles value:

 Focus on the user and all else will follow

 The need for information crosses all borders
 Fast is better than slow
Google’s work culture:

 Flexible work hours

 Work options and telecommuting if the specific job allows
 Allow to bring pets at the work place so that the employee will feel more
comfortable at work.
 Assorted gyms
 Innovation is motivated
 Hands-on-approach.
 Godrej
History :-
Godrej is an Indian company based in Mumbai. It deals in wide range
of products : appliances, furniture, security solutions, health care,
outsourcing services, etc. It was founded by Ardeshir Godrej in 1987.

Mission:-
To operate a new business which capitalizes on the Godrej brand and
corporate image of reliability and integrity.

Vision:-
It’s business to be globalized rapidly and to enrich the quality of life
everyday everywhere.
Objective :-
To delight customer both in India an abroad.
Strengths:-
 Brand name
 Large no. of customers with higher satisfaction
 Management is trained and efficient
Weakness:-
 Don’t go for advertisements
 Focus on security products at same time
 No schemes like installments.
Opportunities:--
 Good name in security sector
 Technical up gradation from time to time
Threats :-
 Growing competition in security sector

Conclusion :-
With the motto of “ we care the quality of your life” it is one of the
most famous and reliable brand in the country.