#Business growth

[theambitiouswoman]

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[nenelonomh]

human resource management pt.2

i've begun posting my notes in tumblr post format to revise for my exam tomorrow (this was written on 27-05-24, i'm probably going to schedule though to avoid spamming). here's the second hrm topics post!

part 1 | part 3 | part 4

in the last post, we looked at demographic change, employee welfare, and flexi-time. this time we will focus on the gig economy and immigration.

the gig economy is characterised by the prevalence of short-term contracts or freelance work as opposed to permanent jobs. for example, freelance, delivery drivers, taxi services, contract services, and other flexible work opportunities. a huge example of this is uber - which is an app that offers various 'rides' to assist people to reach their destinations.

businesses can use gig workers by hiring them as independent contractors, in the place of full-time employees. this is a cheaper alternative for the business, as it saves on employee benefits and rids the need for training employees.

however, gig work limits workers' potential for career development, lacks job security and secure income, and the worker misses out on employee benefits.

compliance with labour laws and regulations can be complex when managing gig workers. companies must understand legal requirements and adapt their hrm policies to address gig workforce management.

immigration refers to the action of moving to live in a different location with intentions to stay in the area. this is not the same as labour mobility, since immigration is the movement of people for non-work-related reasons.

one advantage of immigration on businesses includes the filling of job positions that domestic workers cannot be placed in. also, the company may benefit from new points of view - and gain a niche marketing opportunity.

negatives of this topic are that migrant workers may be unfamiliar with federal laws and regulations, and the workers may be more unproductive than the local employees. therefore, a business may need to invest more time into the foreign employee.

///

again, hope this post was fun to read! it's definitely more fun to post than read over my notes.

❤️ nene

image source: pinterest

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[nenelonomh]

something is brewing...

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