What’s next for the gig economy?

The future is bright, the future is freelance.

As the gig economy expands and the number of freelance experts increases, companies all around the world are taking advantage of a flexible work environment which suits all concerned.

According to Forbes, freelancers are pursuing work in all industries and will become the dominant force within the job market over the coming decade. Freelancers are making an impact in almost every industry, not just in low paid positions but also in highly-skilled and crucial roles within Fortune 500 companies.

With more than half of the global workforce expected to either work remotely or in a freelance role by 2027, this evolving gig economy has become a focal point in our ever changing world. Teetering on the edge of a fundamental work shift, what’s next for the gig economy?

Technological breakthrough

The advancement in technology has helped facilitate the growth of remote and freelance workers. The launch of 5G technology has sped up online reaction times, bringing workers closer to the office (even if they are half way around the world).

Technology also ensures a remote or freelance workforce remains connected to the business at all times. The latest web tools will help integrate workers positioned anywhere in the world into any organisation, and ensure the business remains ahead of the curve. Video conferencing, project management apps and team building websites – like Zoom, Asana or Slack – all allow freelance or remote workers to become part of the team.

Searching for a better work-life balance

According to Forbes, only 20% of freelancers would prefer to be in full-time employment, and judging by changing attitudes a number of those change their minds on a regular basis. The study also found that most gig workers wouldn’t choose full-time employment if it was available to them. Nearly a half of the workers would opt to work independently and state that they would seek to acquire new clients in order to meet their financial goals.

Abdullahi Muhammed states that all of this is noteworthy because as a group, freelancers do tend to work longer hours at less pay than their employed counterparts. At the same time, they tend to state that they work on more interesting projects and enjoy the flexibility that gig work provides to them, including being able to work from home, spending more quality time with their family, having time to take online courses, being able to volunteer for charity, etc. Overall, this could reflect a shift in priorities among workers.

More companies to use gig workers

According to Fast Company, academics, experts, and consultants all say the gig trend is here to stay and are projecting growth across all professions and age groups. As more and more companies jump on the bandwagon, gig work is becoming the go to point of reference for people from all walks of life.

More than 40% of all companies globally now use gig workers, and that number is set to increase over the coming years. Not only will companies use freelancers to fill low paid positons, but highly-skilled professionals will also be brought in to manage and consult on projects which need a specific knowledge-base to become market leading.

The future is bright, the future is freelance

According to people first, the next few decades could see the end of the full-time position as the dominant work position. Experts predict that organisations could function on a skeletal staff of decision makers and leaders, dipping in to the global talent pool of gig workers to fill the gaps. These workers will be drafted in to work on projects, with short-term contracts lasting days, weeks or months. Organisations and workers will develop broad networks of contacts along the way, helping both to shape and sell their brand.

Success in the gig economy – and in the future of work in general – will all come down to having the relevant skills. While there is still a big market for unskilled work today, this will be eroded by automation over time. Jobs like Uber driver will only exist until driverless cars become the norm. In the future, skilled work may well be the only type there is. This will make continuous, life-long learning more important than ever.

Online talent platforms

Online freelancing platforms – Alifery – are helping companies tap into a respected knowledge-based economy all over the world. Not only do they supply businesses with highly-skilled and talented experts, but are helping to support economic growth and improve work outcomes for millions of people on a daily basis.

In the same way Airbnb connects travellers with the best places to stay and Uber hooks riders up with drivers, online freelancing platforms connect businesses with talent – either with office-based or remote workers.

One of the leading online platforms to find experts in the legal, tech, finance and consultancy sectors is Australian-based freelancing website Alifery Freelance Experts. The Alifery ecosystem provides access to skilled and vetted talent, tailors work to meet business needs and reduces overheads for businesses.

Leave a Reply

Your email address will not be published. Required fields are marked *