Is Freelancing the future of all JOBS?
Its been a big question that if freelancing will be the most job creator in future or it will be the future of jobs, there are several surveys are going around regarding this and most of them found that it will be future of jobs. Business runs on profit and by freelancing they can cut cost and make the profit margin bigger. It is not only good for business point of view, it is a great option for skilled professionals as well. With emerging market of virtual employment, its emerging faster than ever.
Rev’s survey found that 93% of workers age 50 and older deliver work on time, while 86% of those 49 and younger are that reliable. Older workers also work more hours, earn 30% more per month than those under 30 (with normalized pay rates), and produce the same quality of work (all ages average 4.5 out of 5 in quality score).
Rev.com CEO Jason Chicola says “Most office workers would jump at the opportunity to work in their pajamas, skip the commute, and keep their kids at home.” In fact, only two percent of Rev survey respondents claimed to be freelancing because they are unable to find a traditional job. “We’re seeing more and more freelancers who turn to freelancing as a long-term lifestyle choice, and have no plans to ever set foot in an office again,”.
The major driving force behind freelancing is the down time at our economy. The trend of Freelancing started with recession but it is just not a trend, it became reality and with emergence of faster internet, people are even employing virtual receptionists.
You might have heard about Fiverr, the website which have users who can give services as low as $5, it has been started with a phone call conversation between co-founders Micha Kaufman and Shai Wininger, two entrepreneurs. They found that the process of finding and hiring a freelancer is so time consuming that they should invent or initiate an easier way to do so. Even though there are websites like Freelancer, Elance etc, their project “Fiverr” is a huge hit, where the starting service price is set to $5, and being so transparent with pricing made it a hit with both the employee and employer.
When we are talking about freelancing we always talk about freelancer.com, a company which have around 8.5 million freelancers and To date, over 4.8 million projects have been outsourced through Freelancer.com.
Matt Barrie is an award winning entrepreneur, technologist and lecturer. He is Chief Executive of Freelancer.com, the world’s largest outsourcing marketplace. Matt is serial entrepreneur, previously as founder and CEO of Sensory Networks Inc., a vendor of high performance network security processors. Prior to this he founded a telecommunications hardware company. Matt has raised over $40M USD in financing from venture capital, strategic investors and through government grants while running or assisting technology companies.
Even with the economy and hiring improving, freelancing is likely to become a much bigger part of the employment landscape in the future, regardless of what workers prefer. Employers like having the flexibility to expand and contract their workforce when they want, and the supply of available workers currently exceeds demand in many fields. Elance, one of many online freelance hubs that matches freelancers with clients, recently announced that hiring by businesses through its site increased by 60% last year.
At first freelancers might been misinterpreted as solo entrepreneurs, but at reality most of them are skilled professionals and like the idea of working from home, in their pajamas. They hated traditional 9-to-5 jobs started working like freelancers, part-timers, temporary workers, or consultants. There are also such community or workers who are working 9 to 5 traditional jobs yet pursuing paid part time jobs after hours.
By the way the phenomenon still growing and have a better future if a freelancer grows their network and have satisfied employers. I have emphasized on satisfaction of employers as networking is not about knowing people or handing them over your business card, it is about your help and support. Networking is not only employers, you should also have fellow freelancers as these are the one who will help you learn new things, will help you when you have overflow of work. You should contain those relationships to make yourself a successful Freelancer.