By Ilias Siakaras,
Freelance is one of the fastest-growing careers in the world, out of every single profession. People work on a remote basis with no permanent terms of employment. It is projected to serve as a key source of income for many in the coming years. The future workforce will be comprised of both remote workers and full-time employees; on the other hand, there is no doubt that the traditional employment system will continue as usual.
An American survey by Statista estimates that more than 50% of the U.S. population will freelance by 2027. Again, what is so special about it that it is likely to rule the future? Below I have given four reasons why freelance is gaining popularity.
1. Simplicity
It is simple to make money as a freelancer. It is critical to have a specific set of talents, as well as, a portfolio that demonstrates one’s ability. When it comes to employing you, this makes it easy for your potential consumers.
According to Medium-off shoot, 80 percent of American workers would like to work from home. They went on to say that 50% of all occupations in the United States can be done from home. Only 7% of employers, on the other hand, are capable of managing their employees’ freelancing work. They are likely to acquire trust in this method over time.
2. Unmatched Flexibility
The development of remote working is necessitated by technological advancements. The goal of the post-industrial period was to provide employment security. The goal of the twenty-first century is to create a work-life balance. According to Statista, there were 64.8 million freelancers in America as of 2020. If current trends continue, the population will reach 86.5 million by 2027.
3. Rapid Technological Changes
With globalization, it is easier to share skills in various parts of the world. Supposing that you need a report written for you. All you need to do is to get online, and in no time, locate someone who specializes in that field to do it. There lies the simplicity of the process. More companies have embraced outsourcing. This has made millennials turn out in large numbers to freelance. Statistics show that 47% of millennials have worked remotely at one point in their life.
4. Blockchain
Blockchain is a cutting-edge technology that allows networks to be decentralized. People will be able to connect more easily as a result of this. It creates a self-contained working environment. So, how does the blockchain fit into the freelance future?
Blockchain’s growing capabilities make it easier for freelancers to sign contracts. Using the blockchain’s embedded smart contracts, it’s now simpler to create trust. The need for blockchain expertise is continuing to grow. Smart contracts will be set up with the assistance of more skilled individuals.
The use of a blockchain payment system reduces the possibility of fraud. People may work without having to worry about their bills. No one can tamper with a person’s employment history thanks to smart contracts. This will increase trust, and more individuals will be enticed to try their hand at freelance employment. Companies will also not be hesitant to outsource.
To summarize, companies may save money by hiring remote workers. Companies may now outsource specialized labor from elsewhere, contrary to the conventional structure. Given the uncertainty of the present employment market, remote working will undoubtedly become the norm; the earning potential is also limitless, with the chance to make as much as one’s talents allow. With data to back it up, freelancing will undoubtedly rule the globe in the next years.
