NEW APPROACHES IN HRM

26 According to EY Global Contingent Workforce Study , the global gig economy is growing and by 2020 almost one in five workers will be contingent (Freelancers or contract) workers. 61% of organizations reported that they use contingent workers for 1 2 or more months, indicating that organizations are willing to engage with contingent workers even for projects and assignments for a longer duration. Illustrative Case Many progressive Indian companies are implementing mechanisms to engage with gig workers EY launched Gig Now platform that connects people seeking short-term employment options or flexibility with EY in India. They have added consulting, HR, IT and other different roles to this platform. According to a report by Flexingit, 50% of freelancers work with Start-ups and SME’s and 33% work with consulting organizations. With 46% of freelancer work being performed onsite, it is evident that Indian organizations prefer the freelancers working closely with their teams and clients. The Cisco Talent Cloud is an agile talent ecosystem that enables employees and leaders to match skills and strengths to work by leveraging data and reputation. The goal is to create a unique and personalized experience for each of the 70,000 employees of Cisco. The agile system enables employees and managers to find talent from within Cisco, thus allowing employees to pursue options within Cisco to support their short or long-term career objectives. PWC Talent Exchange is a platform that connects external independent workers with PWC employees and projects. It enables PWC to