Freelancing Future: When Temp Work Becomes Your Work
The world is changing. So are people and so is their work. We’ve already talked about the way the gig economy is taking over and the stats were not lying. It seems that there is a clear freelancing future, where temp work isn’t that temporary anymore, but rather the way people work.
We know the why. Most freelancers choose this path due to the flexibility it delivers and the freedom it gives. Freelancing is also a great way to explore new opportunities and follow passions most full time employments don’t allow. The how and the what are still being sift out.
How will freelancing maintain its sustainability in the future?
Job security is no longer such an important issue with the new generation. As more and more people are consciously breaking away from the concept in pursuit of higher, or better, or more personal gratifications, it’s easy to understand the rise of various opportunities.
The help of the people
There are many options today that facilitate freelancing and it is these options and their abundance that make it sustainable. Workers know they can choose from various projects and various clients, because the market is open to freelancers and independent contractors. Startups, micro and small businesses oftentimes run exclusively on freelancing projects and with the help of independent consultants. CEOs of bigger companies are also turning their attention towards the benefits of contracting temps or freelancers, rather than full-time employees.
The help of technology
Sustainability also comes from the fact that it’s much easier to be a freelancer today. They have access to a plethora of tools and technology that helps them in every aspect. There are websites to find clients and jobs, there are tools to help create your own website easily in order to promote your work. There are tools to help with proposals, and contracts, and invoicing. You can find software to help with time tracking and project management, so you never miss a deadline.
What will the freelancing future look like?
In one word: diverse. Because the landscape is changing so fast and spreads across so many industries, it’s hard to get a shot of what freelancing will look like 5or 10 years from now. However, some things are easy to guess and here are a few that we can expect:
- more remote work (or mobile offices) – people don’t want to be tied down, not to a desk, not to a schedule, not even to a city.
- more co-working spaces – workers from all industries take advantage of co-working spaces. WeWork reported that, last year, most of their renters were freelancers and independent contractors from consultants and creative professionals to developers, engineers and designers.
- more diversity - a diversification of skills and overlapping talent. One of the biggest reasons why people quit full time employment and go into freelancing is to grow. This means experience is now valued more than a degree. Working with different clients, in different company cultures and on diverse projects helps build multiple skill sets.
In a nutshell, this is what we can expect from the working environment in the not so distant future. It seems to be the most optimal time for professionals to make the jump into freelancing.
What will this mean for businesses?
Even though freelancing and independent contracting have been on a rise for quite some time, recent studies have shown that the majority of project based or temp hires ended up being hired full time. 64% of companies plan to eventually hire their freelancers, temp workers and independent consultants onto full-time positions. That is a very significant number.
However, if the way people work will continue to shift as it has, then companies will be forced to adjust. Recruitment will take a whole new look as well. Will businesses be able to safely bet on freelancers and independent consultants? Well, they will definitely need a customized solution. Not all industries and all businesses have the same needs in terms of resources. In turn, not all of these needs can be filled by remote workers.