The Regulatory Realities Of The So Called Gig Economy

The company claims to be working hard at fighting such crimes however, they have been proved to be inefficient. In January of 2017, Western Union Company agreed to pay out over $500 million dollars to settle a case brought against by the Justice Department and FTC. The company had been accused of allowing scammers to defraud consumers and not creating measures to stop fraud. The Justice Department stated that the company had blatant disregard when it came to criminal and fraudulent activities but instead continuously reap the benefits of

Changes in the way we work, the workplace and the role-assignment are not invisible to anyone. The fact that we work differently and our approach to work has changed is widely acknowledged in modern discourse. These changes can be attributed to numerous factors including cultural shifts, changes in cultural beliefs and values, need for better quality of life, rising cost of living, changes in science and technology and of course growing access to education.

Our society is ever-changing and such is true with our work environments as well. Today’s contemporary workforce has significantly changed the way business is done. The contemporary workforce has put great demands on organizations calling them to meet many challenges these challenges include: changing the corporate culture, becoming more adaptable and to focus on workforce steadiness. The modern workforce can yield some great advantages while also producing many disadvantages and for this very reason it highly important that employment laws remain in place.

Uber is an App-Powered on-demand car service provider for smart phones. Notwithstanding its very unique name, investors have begun to take note of Uber during the past year as it has stolen market share from traditional transportation companies. We will analyze the value proposition of its technology and examine the differentiation Uber creates to stay ahead of both potential competition and the various cab laws and regulations across the United States and Europe.

Law suits provide employees a huge opportunity to bring all the negative aspects of a company to the public square. For instance, Mody’s firing made members of the public to identify weaknesses in a company that had been a model in the market. People came to perceive the GE as a discriminating company. Secondly, legal challenges also tend to taint the image of an organization. An organization that has been taken to court receive negative feedback from members of the public as they engage in defense of their position. Consumers lose confidence in the company and are unwilling to continue purchasing products or services from such a company. Terminating unproductive employees attract a lot of heat from employee unions even when the termination is authentic. The amount of money spent in court and in legal settlements is farm much higher than the company would have spent maintaining the individual in the company. For instance, Mody had been awarded $ 11.1 million in legal settlement, although the figure was reduced by $ 5 million. However, the $ 6.1 million legal reward was many times more than the company would have spent keeping Mody in the company. After all, Mody was nearing his retirement age of 55 with only six years left, which would have been much lower to keep him than pay the one-time legal

2. These series of events shed a very negative light on Uber’s reputation. It exposes the level of immaturity and lack of care in the company at an executive level. Dealing with serious issues like sexual harassment and discrimination in the workplace is a no brainer when it comes maintaining a company’s corporate reputation. Since its conception, Uber has fought extremely hard to gain legalization and momentum in the market, not only with local governments, the taxi cab commission but also with the public. Uber immediately took off because of its money saving appeal to customers by showing the benefits of a ride sharing app that could save them hundreds or even thousands in taxi cab rides, thus establishing a solid positive reputation. After fighting so hard to establish the company and succeed, why throw it all away for issues that could easily be addressed?

The Recording Industry Association of America (RIAA) that’s defending the record companies has filed for lawsuits against people, firms, and universities who are involved in allowing the illegal distribution of copyrighted goods. The music industry cannot file lawsuits against every music pirate. Even if they could increase the total amount of lawsuits, a lot of money would be lost and would not come into view as a practical solution to encourage music sales.

Human resources professionals who have sole HR responsibilities for their organization are faced with 10 trends affecting HRM. Thus, planning for and adapting to these changes in the workplace becomes an integral part of the HR professional’s job ("10 Workplace Trends that Will Affect HR," n.d.). The video highlights ten (10) trend affecting human resources management, one such being Greater (Job) Mobility. According to the Video, “You may find that more of your employees are willing to take short term assignments uptown or relocate to other facilities. Employees are also more willing to switch jobs within a company in order to build the resumes” ("10 Workplace Trends that Will Affect HR," n.d.). Job mobility involves movements between employers (job-to-job mobility); between occupations and steps on the career ladder (occupational mobility); between different types of contracts; and in and out of employment (employment mobility).

Uber can exploit huge and new markets that are currently unexploited, particularly in Asian countries, where taxi administrations are so inconvenient or costly for most of the people. Besides, Uber is exploiting suburban areas where there are no taxi administrations. The key for the future development of Uber is to fulfill the public requirement and expanding valuation.

I would definitely support the gig economy from the perspective of saving resources. I believe business and individual save resources, such as times, office space, work skills training etc. in a gig economy. For individuals, the gig economy does benefit them in terms of flexibility in the schedule etc. The workers can choose the jobs that they are interested in or have extra time to do. Although there are some disadvantages for individuals in this economy, such as the absence of protection for minimum wage, insurance, a minimum of paid holiday and sick leave etc. I think the laws will be gradually built to adjust and regulate the new economy.

Uber used disruptive innovation which is an innovation that creates new markets, value network and eventually disrupts an existing market, value network and displacing established market leading firms, products, and alliances. Uber used this to its full potential by providing a simpler, affordable and modernized way to use cab. It has not only disrupted the market for cab but has also disrupted the market for car ownership. It aims at providing services lower than the costs of owning a car. Uber is designed for commuters in such a way that they can get a cab at their convenience and at a cheaper rate than they would have if they owned a car. UberEats and UberRush are other services of Uber making life simpler and eliminating the need of a car for consumers. (Griffin, 2015)

Another big change in recent years has been the introductions of various technologies, which have allowed HR departments to minimize staff time, spent on administrative tasks and focus more on the company’s strategy. Technology has sped up the selection process of recruitment and allowed employees to complete benefits online. HR departments must meet the challenges of ensuring staff training and development for companies such as Coca Cola to be successful in the future (Chan, 2010).

Human resource management is a study includes anything and everything associated with the management of employment relationships in an organisation. (Boxall & Purcell, 2000) Organisations across the globe now are increasingly exposed to the obstacles, challenges and pitfalls presented by increased turbulent and unpredictable business environment. The march of globalisation, developments in global telecommunications technologies, the precariousness of national economies, and increased mobile workforce have created new challenges for firms, and in particular Human Resources (HR) practitioners. There are two main HR

Many employees, especially those of Generation Y, are uninterested and dissatisfied with the traditional 9am-5pm Monday to Friday work routine and exhibit an increasing need for flexible and diversified work (Friedman, 2014). Others, unable to secure full-time employment in the continuously challenging labour market, have turned to freelance work out of necessity. Regardless of the motivation behind freelance work, it is indubitable that this mode of work is rapidly growing in conjunction with the emergence of digital freelance marketplaces. Employees are progressively reshaping their careers with these opportunities by working on a task-by-task basis for different employers concurrently, a trend that has been termed the “gig economy” (Friedman, 2014). The Ernst & Young (2016) report states that globalisation and the fallout from the financial crisis are fuelling the “gig economy”, with a 66% increase of contingent/freelance workers in the past 10 years (Storey, Steadman & David, 2016). As of early 2015, 4.1 million Australians were recognised as part of the Australian “gig economy” which made up 32% of the Australian workforce (Storey, Steadman & David,

In the recent past, there has been experienced aggressive pressure for organizations to perform better, faster in additional to being extra cost effective. As a result, breakdown in the customary employment contracts has been experienced and the long-term employment perception is no more. This means that companies have to accommodate different demand and supply factors which include the need for a low cost, flexible and secure workforce. New technologies and the nature of work changes lead to many workers under pressure to stabilize their personal life and the employment roles. Due to this, employees and organization have faced the reality on the possible advantages of the