The use of remote work is becoming more and more popular among big brands over the long-term or indefinitely. Several companies have cancelled their building leases in order to save millions on overhead costs. Freelance and contract work have reached an all-time high as a result of this huge revolution.
As a result of the pandemic and increased corporate budgets on hiring contractors, the freelance economy has been booming. As a result, freelancers and companies will be able to do a lot of business together. Here are some tips to help you get started.
Firstly, the number of freelancers increased in 2020 more than at any time in history.
As a result of an estimated 400 million jobs lost in the second quarter of 2020, millions of people turned to freelancing instead of a traditional 9-5 job. It is for this reason that freelancing websites have taken off in recent years. According to the Bureau of Labour Statistics, 2 million people will join the “freelance workforce” in 2020.
Most of these freelancers are not part-time or uneducated. Increasing numbers of directors and C-level professionals have chosen to work from home as freelancers or fractional employees because they are tired of working long hours at the office.
There are more companies than ever before that hire freelancers for a variety of jobs as we adjust to a “new normal.” Freelancers aren’t the only ones choosing to start freelance businesses as we adjust to a “new normal.”
All of this sounds great, but what does it all mean?
There are more jobs available than ever before for freelancers. Working as a freelancer can provide a good living for a talented person. It’s never been easier to make extra money on the side or even start a full-time freelance business if you have a talent or skill.
Layoffs and furloughs create gaps in employment, so there are plenty of clients looking for freelancers. Part-time support is needed by a number of new industries. There are many companies with healthy budgets to hire freelancers.
For businesses, this means they are increasingly turning to freelancers for important tasks. Using freelancers reduces project costs and overhead. You will find less onboarding, fewer benefits, sometimes lower wages, and often a workforce capable of getting projects done even while you are sleeping, due to the fact that there is less onboarding.
The time has come for you to embrace the idea of hiring freelancers if you haven’t already. Get important tasks done and move your business forward by working with freelancers like you and millions of other companies.