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Compensation Trends In The Gig Economy

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With the rise of the gig economy, more and more individuals are turning to freelance, contract, or temporary work arrangements. As this trend continues to gain momentum, it's becoming increasingly important to explore the intricacies of compensation within this dynamic sector.

So, in this episode, Parvathy Menon, will help us understand the compensation trends in the gig economy better.

Host of this Episode: Sanjeevani Saikia

Guest Bio

Parvathy Menon is a global compensation practitioner with expertise in developing and implementing compensation strategies across diverse organizational environments. Bringing a strong foundation in organizational design, she develops compensation strategies that align with broader business objectives.

In addition to her role as an HR practitioner, she is a committed researcher, actively delving into emerging trends and best practices within the domains of compensation and human resources. Beyond her professional endeavors, Parvathy also extends her research pursuits into academia.

Connect with Parvathy on Linkedin

Timestamps

(01:15) Parvathy’s corporate journey so far.

(02:20) Key shifts observed in compensation trends in the gig economy and its impact.

(08:18) Innovative compensation models gaining traction and the way it's shaping the future of work.

(19:18) Examples of companies that have implemented unique compensation structures.

(26:11) Common challenges that gig workers and employers face when ensuring fair compensation.

(31:50) Gig workers advocating for fair compensation and ways in which companies are dealing with it.

(35:15) Geographic and demographic factors influencing compensation trends within the gig economy.

(43:40) End Note.

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