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Businesses, It’s Time to Catch Up, Freelance Is The Future Of Work!

Since the COVID-19 pandemic began, work from home gained more momentum than ever before! And who better for WFH than freelancers?

Since the COVID-19 pandemic began, work from home gained more momentum than ever before! And who better for WFH than freelancers?

The COVID 19 scenario brought along a grim employment outlook. However, there is a silver lining for those willing to seize the opportunity. As full-time staff positions dwindle, contract and freelance work are gaining massive momentum. This also includes very technical roles as well as software development, and statistical analysis, among others.

Companies are realising that freelancers can be good for the bottom line. They still need to get work done and are beginning to get a better sense of what a remote, on-demand workforce can accomplish. If companies pay only for vital tasks as they’re needed and are able to choose from a wider range of geographically dispersed workers, they can better manage the bottom line.

The key to survival in the workplace is to adapt. Businesses are finding new ways to get work done during this period of groundbreaking revolution. 

It is widely known and proven that a gig economy is profitable for companies. Especially given how they can accommodate a temporary workforce according to customer requirements or business needs. Thus, leading to saving administrative and compliance costs. This framework allows startups and smaller companies to leverage skilled professionals as required. The setup is synergetic and both parties have the liberty to look for options that cater to their needs.

The new normal is the freelancers usual

Besides, freelancers need the ability to work effectively as part of a distributed workforce. No matter how long social distancing is going to be the norm, the pandemic has underscored the need for workers to thrive outside of traditional office settings. Many freelancers may have picked this employment model because it seems to offer them the freedom to work anytime and, sometimes, anywhere.

Freelancers are willing and have the ability to take on more tasks because they are incentivized to work hard. Additionally, they aren’t averse to working outside of the normal 9-5 workday.

So, if your business needs someone who can put in long hours of work, look no further than a freelancer. And since the digital workplace is part of the new normal, you can rely on your on-demand hire to work from wherever they are in the world. There’s nothing a freelancer can’t do with a computer and good internet connection.

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Possibly the most glitzy segment of freelancing is the supposed creative class. The well connected, well-educated and globalized section of workers that specialize in communications, media, design, art and tech sectors. However, large-size firms in segments like FMCG, education, IT & IT-enabled services, consulting etc. also intend to utilize freelance talent now more than ever.

The rise of freelancing is an indication of future trends

Ever since COVID-19 came in the picture, companies have realized their dependence on digital solutions. This led them to focus on digitalisation in education, health, finance and other sectors.  

IT experts and project managers skilled at AI, machine learning, and big data will be in high demand. Corporates will move forward with smaller workforces, invariably using freelancers across the board. 

 The rise of freelancing is a crucial visible indicator of the future of work, particularly in terms of collaboration practices. Freelancers are already assisting and enabling the co-management of projects. Soon enough, they will also be creating, communicating, and joining forces with firms, customers, and with India Inc. at large.

A version of this was earlier published here.

Picture credits: Photo by Vlada Karpovich from Pexels

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About the Author

Vanshika Goenka

Vanshika Goenka is the CEO & Founder of Kool Kanya, an online career community for women where they can be part of a mutually supportive ecosystem that helps them learn from each other and grow read more...

6 Posts | 7,960 Views

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