In the on-demand economy, employment relationships are typically short term in nature. Traditional packages of pay and benefits are founded on long-term relationships, and they may less applicable. This video will show you how employers like Amazon, TopCoder, and Tongal are are rethinking rewards in imaginative ways.
- Compensation is anything employees receive…as part of an employment relationship.…It includes all forms of financial returns…as well as tangible services and benefits.…Employees may also receive a variety…of non-financial benefits, such as status,…recognition, meaningful work, or opportunities…for development and advancement.…In traditional employment relationships,…financial rewards may include base wages, bonuses,…incentives, merit pay increases,…and a variety of benefits, such as social security,…worker's compensation, unemployment insurance,…health, and retirement.…
This kind of total compensation package…is founded on the assumption that the relationship…with an employer will be long term.…In the on-demand economy, however,…relationships are typically much shorter…and often are defined by a particular project…or task.…At Uber, the task is to drive a passenger…to his or her destination and then to repeat that task…as often as a driver desires.…At Tongal, the project is to create a video…or an advertisement.…
Wayne first outlines the characteristics of freelancers, contractors, and elancers, and what they look for in an employer. He then reviews the management challenges involved in leading an on-demand team, and the implications for HR professionals responsible for developing a global supply chain of talent. He also considers critical legal issues: how to protect proprietary information, how to avoid violations of compensation and benefits laws, and how to distinguish nonemployees from employees of an organization. By the end of this course, you'll have a better understanding of the issues facing employers and employees in the on-demand economy.
- Who are on-demand workers?
- Developing a management strategy
- Incentivizing on-demand workers
- Hiring and developing
- Managing risk with outside workers
- Understanding the legal issues