Freelancing 2021, The Trend of Freelancing Revolution

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Freelancing Trend

 

Freelancing is the Trend of Now a Days 2021. Most of the person want to do Freelancing but now it has a lot of Competition.

Not everyone uses the term “freelance” or “freelancer” when it comes to work that a freelancer may do. In fact, even most freelancers refer to themselves as “self-employed.”

 

Freelancing Revolution

Companies are in a constant race for success and they need to be agile to win the race, especially in today’s economic environment.

Since the pandemic, which pushed more traditional workers to explore new, flexible career options, the notion of being a professional freelancer has been garnering a growing amount of respect as a career.

Beyond the pandemic’s direct impact on the freelance economy, shifts in the global economy, technology, and political climate. As well as the changing expectations of today’s workers  have inspired six main trends which will bubble up this year and into the future. To appreciate the scale at which freelancing is currently present in the world, let’s delve into some numbers that highlight the current trends in the world of freelancing.

2020 has caused upheaval for many businesses, but it hasn’t slowed the global shift to freelancing. After all, experts have been predicting that the majority of the workforce will go freelance a long time now.

Businesses were forced to shut down and lay off many of their employees. Hiring freelancers who work remotely has quickly become the norm instead of the exception.

 

People Choose Freelancing career

 

According to a study done by Upwork, Fiverr and Freelancing two million Americans have gone freelance in the past year. Freelancers now contribute $1.2 trillion to the economy, which is an increase of 22% since 2019. In many ways, this freelance trend isn’t a surprise since many people were predicting a global shift to freelancing. But COVID has massively accelerated this trend.

 

Freelancing Will more Stable in Future

 

Freelancing has always been viewed as an unstable career choice. The income is unpredictable and freelancers don’t qualify for things like health insurance. But that perception is quickly changing thanks to a growing number of support networks. For instance, the Freelancer’s Union is helping to build more structure for freelancers.
Freelancing Platform is on the Way to Grow

 

Freelancing platforms have been one of the biggest growth drivers for the Freelancing economy. An year ago, some people may have been interested in freelancing, but they would have had no idea how to find those freelance jobs. Today, there are dozens of freelancing platforms that provide access to a variety of different types of jobs. These platforms make it find clients, sell your services, and many of them allow you to bill clients directly within the app.

Freelancing Industry Growth

Currently contributing over $1.4 trillion to the U.S. economy, the steady increase in the number of skilled individuals taking up freelancing every year has made freelancers the favorite to become the U.S. majority workforce within the next few years.

As of March 2019, Google’s workforce comprised of 120,000 contractors/freelancers. More than the number of permanent employees on its payroll, which was around 102,000. Due to the rise in adoption of remote teams, freelancing is providing a viable career path for skilled professionals in regions where domestic opportunities are low.

Pakistan, Ukraine, Philippines, India, & Bangladesh rank in the Top 10 countries with the fastest-growing earnings for freelancers.

48% of businesses hired freelancers in 2018, up from 43% in 2017. This is expected to increase steadily as the ease of hiring freelancers increases and company policies become more aligned to processes like remote working.

Hiring managers expect a 168% increase in the amount of work done by Professional talent (freelancers, temporary and agency workers) in the next 6 to 8 years.

 

 

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