{"id":2931,"date":"2018-04-03T15:27:42","date_gmt":"2018-04-03T15:27:42","guid":{"rendered":"https:\/\/blog.kolabtree.com\/?p=2931"},"modified":"2018-09-07T13:44:27","modified_gmt":"2018-09-07T13:44:27","slug":"how-freelancers-are-changing-the-future-of-work","status":"publish","type":"post","link":"https:\/\/www.kolabtree.com\/blog\/how-freelancers-are-changing-the-future-of-work\/","title":{"rendered":"How Freelancers Are Changing The Future of Work"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_45_1 counter-flat ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69f2d6ec43ba3\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69f2d6ec43ba3\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.kolabtree.com\/blog\/how-freelancers-are-changing-the-future-of-work\/#1_Freelancing_allows_you_to_focus_on_personal_career_goals\" title=\"1. Freelancing allows you to focus on personal career goals\">1. Freelancing allows you to focus on personal career goals<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.kolabtree.com\/blog\/how-freelancers-are-changing-the-future-of-work\/#2_Freelancing_provides_a_safety_net\" title=\"2. Freelancing provides a safety net \">2. Freelancing provides a safety net <\/a><\/li><\/ul><\/nav><\/div>\n<p>A recent <a href=\"https:\/\/s3-us-west-1.amazonaws.com\/adquiro-content-prod\/documents\/Infographic_UP-URL_2040x1180.pdf\">report<\/a> predicts that by 2027, the number of freelancers will make up about 50% of the US workforce, at 86.5 million.\u00a0Although the global workforce has evolved considerably in the past decade, this report represents the dynamism of the current generation of professional workers. It also points out how independence of work seems to top all other benefits that corporate environments bring with them. Young workers are increasingly choosing the flexible work environment, which seems to offer personal and professional satisfaction unmatched by regular full-time jobs. Moreover, it is more noticeable than ever that <a href=\"https:\/\/blog.kolabtree.com\/gig-economy-trends-and-future\/\">freelancing<\/a> has become a sustainable secondary or, in many cases, the primary source of income.<\/p>\n<p>In a time when freelancers are making it big as web developers, <a href=\"https:\/\/www.kolabtree.com\/find-an-expert\/subject\/data-analysis?utm_source=Blog_FutureofWork\">data scientists<\/a>, technical and scientific writers\/editors, or market <a href=\"https:\/\/www.kolabtree.com\/blog\/ensuring-reproducibility-in-ai-driven-research-how-freelance-experts-can-help-in-biotech-and-healthcare\/\">research<\/a> consultants, it is tempting to ask whether\u00a0doing a\u00a0regular full-time\u00a0job\u00a0at\u00a0one company is worth the time and energy.\u00a0While breaking away from the 9-to-5 schedule has become a hit among workers both young and old, there are multi-level challenges regarding long-term financial stability, medical insurance and other health benefits that freelance workers have to deal with.\u00a0But what is the reality at the grassroots level? What do the job satisfaction indices point at? Here is an analysis of how the gig economy is changing the future of work.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"1_Freelancing_allows_you_to_focus_on_personal_career_goals\"><\/span>1. Freelancing allows you to focus on personal career goals<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Usually, when young people start their careers, they have a list of career goals that they want to accomplish in their lives: from learning programming languages to becoming watersport instructors. Freelancing provides the opportunity for young people to pursue those goals, especially when they are new in their careers and might not have too many financial liabilities. In today&#8217;s age of collaboration and interdisciplinarity, it is necessary to upskill and learn new things on a daily basis, both within and outside of our careers. For example, a PhD graduate working on electronic devices might want to study bioinformatics. Choosing to freelance can be a great option in such a situation because freelancers are free to choose their schedules and workloads.<\/p>\n<p>Freelancing helps experienced professionals helps tailor their work hours and skills in relation to the number of years they would like to keep working. It&#8217;s also possible that corporate workers choose to become freelance workers after reaching a certain age, say 40 or upwards, which not only makes the first steps of establishment much easier but also lets them choose who they want to work with and how much work they want to do. Some reasons that corporate workers turn to freelancing also include falling job security, changes in immigration laws, reduced employee benefits, etc.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-3092\" src=\"https:\/\/blog.kolabtree.com\/wp-content\/uploads\/2018\/03\/statistic_id530887_top-5-reasons-for-freelance-work-in-us-2017.png\" alt=\"\" width=\"600\" height=\"446\" srcset=\"https:\/\/www.kolabtree.com\/blog\/wp-content\/uploads\/2018\/03\/statistic_id530887_top-5-reasons-for-freelance-work-in-us-2017.png 1000w, https:\/\/www.kolabtree.com\/blog\/wp-content\/uploads\/2018\/03\/statistic_id530887_top-5-reasons-for-freelance-work-in-us-2017-300x223.png 300w, https:\/\/www.kolabtree.com\/blog\/wp-content\/uploads\/2018\/03\/statistic_id530887_top-5-reasons-for-freelance-work-in-us-2017-768x571.png 768w, https:\/\/www.kolabtree.com\/blog\/wp-content\/uploads\/2018\/03\/statistic_id530887_top-5-reasons-for-freelance-work-in-us-2017-300x223@2x.png 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<h5><span class=\"ez-toc-section\" id=\"2_Freelancing_provides_a_safety_net\"><\/span><strong>2. Freelancing provides a safety net <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>There&#8217;s a huge probability that the current job you&#8217;re doing isn&#8217;t the best fit. However, you cannot think of making the career shift of your choice because of some necessary financial requirements. Starting to freelance in a domain you&#8217;re skilled in can help reduce the stress in many ways. It&#8217;s also the option a lot of professionals are shifting towards because of the reduced job security that regular jobs lack today. Companies are changing their manpower management tactics, the number of work-hours is increasing while the attrition rates are rising. This pushes skilled professionals to take up freelancing as a career option besides their regular jobs in order that stressing periods at work don&#8217;t throw them into a burnout zone.<\/p>\n<p>This shift in the minds of corporate workers has affected the overall quality of the current American workforce. Young minds are becoming more active as freelancers in the evenings instead of spending hours after work with their colleagues. More and more young professionals are creating freelancer profiles on websites like Upwork, Toptal, and <a href=\"https:\/\/www.kolabtree.com\/\">Kolabtree<\/a>, working on developing their overall work experience and skillset instead of socializing with their peers.<\/p>\n<p><strong>3. Rising Concerns About Professional Risk Assurance &amp; Safety<\/strong><\/p>\n<p>More than <a href=\"https:\/\/www.npr.org\/2017\/12\/04\/568377471\/as-the-gig-economy-grows-advocates-raise-concerns-about-workers-safety\">129 million workers in the U.S.<\/a> are covered by worker&#8217;s compensation, according to NELP, but many companies in the gig economy do not provide it because their workers are classified as independent contractors.\u00a0Although this is a concern well-discussed with regard to gig workers in the US, such as those working as delivery agents, door-to-door salespersons or for ride-sharing cab companies, the concerns are similar for freelancers as well. When freelancing professionals work on projects that take them to distant locations or to unknown website databases, they are completely out on their own and are at risk of accidents, hacking or unwarranted property damage. These risks are quite real and freelancers have to prepare for them without their careers being affected badly.<\/p>\n<p>However, many companies are including their freelance workers in their employee base and assisting them with medical &amp; accidental risk insurance benefits. The downside is that such companies are limited in number and may only be present in certain cities.<\/p>\n<p>Freelance scientists are the latest entrants into this parallel realm of employment. Although it was hardly imaginable in the past, <strong>science workers now comprise <a href=\"https:\/\/www.nature.com\/nature\/journal\/v550\/n7676\/full\/nj7676-419a.html\">roughly 16% of gig workers<\/a><\/strong>. Freelance data scientists are the leaders in<a href=\"https:\/\/www.fastcompany.com\/40520034\/data-scientist-is-the-best-jobs-in-america-for-the-third-year-in-a-row\"> this space, comprising about 10%<\/a> while scholars from other disciplines are soon gaining a vast prominence. What affects the freelance workers in this space is that they need to remain connected with colleagues in their field. They also might require government or external funding. Data science is, by far, the most lucrative area of freelance work than other science, technology, engineering and medicine related fields.<\/p>\n<p>Independent working is not a difficult possibility for technology majors, who need not more than a computer system and a couple of programming languages set up on it. Similar case for writers, editors, market research analysts and scientific illustrators as well. But how they carve out their niche and grow their ambitions is totally a skill that depends on personal caliber as well as access to the right platforms. What is intriguing to note is the pace in which scientists, market research consultants, trainers, and app\/web developers have risen as freelancers\/independent workers, which clearly points that freelancing is surely going to remain as one of the viable career choices in the future. This sustainability + flexibility combination is playing out well in both the US and Europe.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-3093 size-full\" src=\"https:\/\/blog.kolabtree.com\/wp-content\/uploads\/2018\/03\/freelance-chart.jpg\" alt=\"Freelance workers in the USA as of 2016\" width=\"960\" height=\"684\" srcset=\"https:\/\/www.kolabtree.com\/blog\/wp-content\/uploads\/2018\/03\/freelance-chart.jpg 960w, https:\/\/www.kolabtree.com\/blog\/wp-content\/uploads\/2018\/03\/freelance-chart-300x214.jpg 300w, https:\/\/www.kolabtree.com\/blog\/wp-content\/uploads\/2018\/03\/freelance-chart-768x547.jpg 768w, https:\/\/www.kolabtree.com\/blog\/wp-content\/uploads\/2018\/03\/freelance-chart-400x284.jpg 400w, https:\/\/www.kolabtree.com\/blog\/wp-content\/uploads\/2018\/03\/freelance-chart-269x192.jpg 269w, https:\/\/www.kolabtree.com\/blog\/wp-content\/uploads\/2018\/03\/freelance-chart-300x214@2x.jpg 600w, https:\/\/www.kolabtree.com\/blog\/wp-content\/uploads\/2018\/03\/freelance-chart-269x192@2x.jpg 538w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/p>\n<p>Overall, the change is positive and is leapfrogging ahead. It all boils down to how freelancers are regarded by organizations. Are they considered as constitutive employees of the organization or is the communication with freelancers just about the work and project completion, targets and deadlines? In the years to come, freelancers would like to expect more &#8220;inclusiveness&#8221; that traditional employees enjoy. They may also be able to remain loyal to the organizations they work for, even if it is on a contingent-work basis. The success of the freelance economy, although a tough bet to consider now, may fuel the concept of self-employment in the minds of the future generations to come, given the rise in the demand of niche skillsets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report predicts that by 2027, the number of freelancers will make up about 50% of the US workforce, at 86.5 million.\u00a0Although the global workforce has evolved considerably in the past decade, this report represents the dynamism of the current generation of professional workers. It also points out how independence of work seems to<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.kolabtree.com\/blog\/how-freelancers-are-changing-the-future-of-work\/\" title=\"Read More\">Read More<\/a><\/div>\n","protected":false},"author":32,"featured_media":3094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[403,247],"tags":[257,393,392,394,402],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.1 (Yoast SEO v20.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Freelancers Are Changing The Future of Work - The Kolabtree Blog<\/title>\n<meta name=\"description\" content=\"The gig economy is taking over -- by 2027, freelancers will make up 50% of the US workforce. Here&#039;s an analysis of what&#039;s causing this trend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kolabtree.com\/blog\/how-freelancers-are-changing-the-future-of-work\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Freelancers Are Changing The Future of Work\" \/>\n<meta property=\"og:description\" content=\"The gig economy is taking over -- by 2027, freelancers will make up 50% of the US workforce. 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