Liquid Workforce: The Workforce of the Future

Liquid Workforce: The Workforce of the Future

Manish Gupta (IBS, IFHE University, India)
DOI: 10.4018/978-1-5225-3191-3.ch001
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Abstract

The main objectives of this chapter are to define liquid workforce, describe its characteristics, and outline its implications. This chapter would help readers understand the need for studying liquid workforce and appreciate its importance in the contemporary world. Moreover, it provides a detailed outline of the ways and means that organizations can use to build such a workforce. It highlights the steps an organization can take to enhance the effectiveness of its liquid workforce. In addition, it explores certain best practices in the industry to illustrate how well the fluidity of the workforce can be managed without compromising on organizational goals.
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Introduction

Creating an efficient and effective workforce has been the top priority of the HR function for decades (Sidibé & Campbell, 2015). However, to catch-up with the ever-changing business needs and dynamic corporate environment, the ways of managing workforce have undergone a sea-change since the pre-classical era (Hoang, 2015). Organizations in the modern era are digital, extremely competitive, global, and highly result oriented. In such a scenario, managing the workforce effectively is the best way to retain competitive edge and remain globally relevant (La Rosa, 2016). Whereas the digitization of most of the HR activities has made HR function simpler and efficient, it has also necessitated a turn-around of the current HR practices to address the dynamism in today’s workforce (McFarland & Jestaz, 2016). This chapter mainly describes the concept of liquid workforce and how organizations can embrace the dynamic work environment by using their workforce.

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