Abstract
The article discusses the changing nature of careers today, and how organisations ought best to respond to this scenario. The advantages of participating in the gig economy and the ways it impacts both employees and organisations are discussed against a backdrop of signalling theory. Organisational practices addressing work-life balance issues, inclusion and diversity, job autonomy, flexibility, attractive compensation packages, and the fostering of an employability culture are all highlighted as sending out positive signals. Conversely, negative signals, such as in extreme cases appearing to have a hire-to-fire policy, should be avoided. The article concludes by highlighting the need for further research into the factors influencing talented individuals' decisions to return to full-time work, as well as the strategies organisations can use to attract them.
References
Donald, W. E., & Mohandas, N. P. (2023). How Seriously Do You Take Your Leisure?. GiLE Journal of Skills Development, 3(1), 7-9. https://doi.org/10.52398/gjsd.2023.v3.i1.pp7-9
Klein, C. (2013). Social capital or social cohesion: What matters for subjective well-being?. Social Indicators Research, 110, 891-911. https://doi.org/10.1007/s11205-011-9963-x
Merriman, K. K., Murphy, M., & Wang, L. (2018). Improving Lives of Gig Workers: Navigating Ups and Downs of the Gig Economy. In Academy of Management Proceedings. 2018 (1), 18166). Briarcliff Manor, NY 10510: Academy of Management. https://doi.org/10.5465/AMBPP.2018.18166symposium
Noldeke, G., & Van Damme, E. (1990). Signalling in a dynamic labour market. The Review of Economic Studies, 57(1), 1-23. https://doi.org/10.2307/2297540
Roy, G., & Shrivastava, A. K. (2020). Future of gig economy: opportunities and challenges. IMI Konnect, 9(1), 14-27.
Sannon, S., & Cosley, D. (2019). Privacy, power, and invisible labor on Amazon Mechanical Turk. In Proceedings of the 2019 CHI conference on human factors in computing systems, 1-12. https://doi.org/10.1145/3290605.3300512
Spence, A. M. (1973). Time and communication in economic and social interaction. The Quarterly Journal of Economics, 87(4), 651-660. https://doi.org/10.2307/1882035
Tymon, W. G., & Stumpf, S. A. (2003). Social capital in the success of knowledge workers. Career Development International, 8(1), 12-20. https://doi.org/10.1108/13620430310459478
Van der Heijden, B. I., & De Vos, A. (2015). Sustainable careers: Introductory chapter. In Handbook of research on sustainable careers (pp. 1-19). Edward Elgar Publishing.
Wang, J. (2009). Networking in the workplace: Implications for women’s career development. New directions for adult and continuing education, 2009(122), 33-42. https://doi.org/10.1002/ace.332
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright (c) 2023 Nimmi P Mohandas