What is the future of freelancing?
Freelancing is a growing industry, partly fueled by the pandemic remote working boom, and partly influenced by the need for freedom and autonomy of workers. There is a push from people who want to control their own working hours that is growing the Gig Economy and opening doors in the freelance community.
The emergence of freelancing and the gig economy is one of the last decade’s most significant human resource trends, altering talent acquisition across practically all industries. The COVID-19 pandemic had a massive impact on freelance work. Millions of employees were laid off and driven to engage as freelancers. If you’re a freelancer or a company owner thinking about making the switch to a freelancer from a full-time employee, you may feel optimistic about the future of your career.
According to Statista, there will be 86.5 million freelancers in the United States by 2027, accounting for 50.9% of US employment. According to reliable sources, the global freelancing business would be worth $6.7 billion by the end of 2025. Furthermore, it is now abundantly evident that freelancing is here to stay. Indeed, as individuals get more adjusted to working from home, trends indicate that the freelancing business could be the norm in a few years. As the work environment evolves, more individuals choose independent employment.
The future of freelancing throughout the globe seems to be quite bright and exciting. People may work at their own rate and pace. As a result, firms are employing freelancers as one of their approaches, as well as changing their corporate cultures and working procedures in an attempt to follow this work-life balance. Also, since that high-speed internet is accessible elsewhere, career options are expanding outside one’s local location. Due to the increased use of remote teams, freelancing is becoming a feasible career route for professionals in areas where domestic opportunities are scarce.
It has undoubtedly been an unusual year for both companies and workers worldwide, and if one thing is clear, it is that we are in the middle of a freelancing revolution. As a result, it is critical for freelancers and businesses to work with gig economy specialists to better understand the industry and the power it holds in the future.
