The days of freelancing jobs being few and far between (and a bit of a mystery) are gone. Today, freelancers of all kinds and in all industries abound. In fact, those in freelance jobs represent more than 35 percent of America’s workforce.
Suffice it to say, working folks and companies alike are recognizing the benefit of doing and hiring freelance work. On the employee end, people can enjoy working remotely, avoiding the morning and evening rush hours and saving money on gas and other car expenses. They also, oftentimes, have the benefit of working more flexibly, creating their own hours rather than a clock-in and clock-out 8-5 jobs.
Companies, on the other hand, are finding it lucrative to hire freelancers because they, many times, don’t have to find office space or equipment for them. Not to mention, many freelancers are 1099 employees and don’t receive company-paid benefits. Regardless, the appeal continues to gain traction. Here are five top trends playing out in today’s freelance-forward economy.
Younger Workers Eyeing Freelancing
Statistics show that younger folks in the working world are attracted to freelance work more than older workers. This is because they enjoy the freedom and flexibility of hours, along with the ability to work independently. In fact, 47 percent of those 18-24 years old have either full- or part-time freelance gigs, whereas those from the Baby Boomer generation only show 28 percent in freelance positions.
A good number of freelance workers like the lifestyle the work allows them. Folks can enjoy working from home in their sweatpants with fewer distractions than an office environment offers. Not to mention they can more freely travel and go on vacations and even work from the beach, if necessary. Many times, they can scale up or down the amount of hours they want to work each week or month, based on other commitments. Not a bad set up.
Entrepreneurship from Your Phone or Laptop
Today, more and more entrepreneurial-minded people are realizing the power of technology ... and the very real possibility of running their own profitable business from their computer or even their smartphone.
Roles in direct sales for reputable, long-standing companies like Amway allow people to work as little or often as they prefer, with the potential for high income and rewards. Taking part in a multi-level marketing business on the side or as your sole job is a trend that is gaining interest in today’s freelance economy. Most times, no previous experience is needed and ample training and support is provided. Amway offers this freedom and support that allows its millions of independent business owners to create their own businesses on their own terms.
Companies Jumping Aboard
In previous years, a lot of corporations would shun the idea of hiring someone to work from home. Not so today. Smart CEOs and business owners see the value and ROI in freelancers in terms of higher productivity with less overhead for them and the benefit of flexibility for the employee.
Technology to Do It Right
With 80 percent of companies reporting that they expect to use more contingent employees in the months and years ahead, companies should be smart about their processes. In order to successfully manage freelance workers, we are seeing companies implement various freelance management systems to accurately track time, projects and payment processes as well as handle onboarding.