The shift is moving from talent exchanges to capability exchanges

The shift is moving from talent exchanges to capability exchanges
The current skew is right now indicating that more repetitive jobs are covered under GIG. This will change for sure as more and more value creation jobs go for flexible approach and the biggest shift humankind is seeing is a move from balanced work-life to balanced life-work.

What reasons do you see behind the phenomenal increase of gig economy in India? Is it a temporary boom or will last long? Is it going to replace traditionally hired workforce?

RP I see the following reasons as the main contributor to the growth in GIG opportunities in India.

Platform Play : The biggest disruption is platforms competing with businesses and snatching away a large pie. Businesses are no more threatened by a known industry competitive set but instead have now to worry about an unknown factor called platforms or market place. A quick technology aggregation model with a strong digital layer sets the tone of a quick penetrative model and industries are completely vulnerable. The success of platform play is also the flexible staffing model which is light and variable in terms of costs.

Continuous Education : The flexibility of having education and skilling as a...

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Rajesh Padmanabhan

currently is CEO, Talavvy, Chairman, HONO and MD (India), The EXCO Group. He is an accomplished corporate executive, business head, board member, mastercoach & a start-up entrepreneur. He brings over 3 decades of global diversified business, operating, people & consulting experience across industries in IT Services, Manufacturing, Hospitality, Mining & Metals, Banking, Textiles & Infrastructure. Rajesh is an influential business transformation leader anda global professional.

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Rajesh Padmanabhan

currently is CEO, Talavvy, Chairman, HONO and MD (India), The EXCO Group. He is an accomplished corporate executive, business head, board member, mastercoach & a start-up entrepreneur. He brings over 3 decades of global diversified business, operating, people & consulting experience across industries in IT Services, Manufacturing, Hospitality, Mining & Metals, Banking, Textiles & Infrastructure. Rajesh is an influential business transformation leader anda global professional.

March 2023

Resetting Performance & Rewards, March 2023 issue

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