Compensation Trends in The Gig Economy - Parvathy Menon | Podcast

As the gig economy gains momentum, a growing number of people are embracing freelance, contract, or temporary work arrangements. With this trend on the rise, there's an escalating need to delve into the complexities of compensation within this dynamic sector.
Join us in this episode as we discuss more on the compensation trends in the gig economy with our esteemed guest, Parvathy Menon
Parvathy Menon is a seasoned global compensation expert renowned for her proficiency in crafting and executing compensation strategies tailored to various organizational landscapes. With a solid background in organizational design, Parvathy ensures that her strategies seamlessly align with overarching business goals.
Beyond her HR role, Parvathy is a dedicated researcher, continuously exploring the latest trends and optimal practices in the compensation and HR domains. Her passion for research extends into academia, where she actively contributes to scholarly pursuits. Join us as we delve into Parvathy's insights and expertise in the realm of compensation and human resources.
Watch the full video to understand how to cultivate employee delight in the workplace.
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Key Moments:
00:00 Introduction
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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