Do you remember the time frame when the only freelancers you knew were just like nomads? Yup, many of us reading this content piece must have been a part of this work culture and many are still enjoying freelancing work.
Yes, you heard that right Freelancers. It’s no secret that freelancing is sweeping the globe…
Freelancing has had a significant impact on the world in which we live. From freelance accountants to bloggers to social media managers to copywriters, to branding experts, to proofreaders, web designers, and video editors, freelance financial analysts, etc. there’s something for everyone… There’s a freelance gig out there for just about every business.
And, despite the fact that the recent global pandemic has substantially increased the number of freelancers in India we see out there hustling… For YEARS and YEARS, freelancing had been on the rise.
If we believe in recent trends, freelancing in India has a bright future. A growing number of people are opting to work where they want: the way they want when they want and doing the work they want.
According to McKinsey research, the freelancing or gig economy employs roughly 20% to 30% of professionals in developed markets. By 2025, the freelance business in India is expected to rise to $20 to $30 billion.
If you’re wondering why it could have such a big impact on the industry, consider the following. This content piece aims to highlight some of the remarkable insights from the survey conducted from March-June 2021, co-sponsored by my Agile Talent Collaborative and the University of Toronto.
- Freelancing is a career and work innovation that is gaining traction around the world, though at varying rates
Freelancers are optimistic, occupied, and busy. According to the survey, more than 60% of freelancers have enough or too much work, have satisfied client relationships, plan to accomplish their financial goals, and remain committed to freelancing.
These figures corresponded to demand patterns: Over 90% of businesses rely on freelancers and intend to increase their use. Markets and professional specialties differ, and some countries and sectors are more developed than others, but freelancing is a worldwide force in general.
- The freelance revolution is sweeping the nation, and it’s getting the grip
There are a variety of vocations in a variety of countries. The survey conducted had its respondents from every continent: 16 percent are from Latin America, 11 percent are from Africa, and 8 percent are from Asia. Singapore and Spain, Chile and the Czech Republic, Russia and Benin, Australia and South Africa, and many other countries were represented among our 77 freelance marketplaces.
The industry generates well over a trillion dollars in global GDP, thanks to an expanding freelancing support network that includes not just computer products and services but also finance, business services, travel, and events.
- There is no such thing as a particular “kind” of freelancer
Some freelancers are brilliant young programmers who work around the clock, sending code from one location to other. That is correct, but it is woefully inadequate. Our poll reveals the remarkably diverse group, including full-stack developers and optical computing experts, as well as architects and engineers, artists and rocket scientists, filmmakers and diplomats, physicians and executive coaches, I-bankers, and airline pilots.
Many of our freelance responders work on the side to supplement their income or to check out freelancing. A third of our freelancers were Baby Boomers aged 50 and up, with some making a career change and others in between employment. As the popularity of freelancing develops, so does the diversity of freelancers in terms of gender, age, occupation, and region.
- It’s time for platforms to educate their users on how to be better
Organizations are increasingly reliant on freelancers at scale; in reality, there is a “battle for freelance talent” just as much as there is a “fight for staff talent.” Companies expect excellent quality and professionalism from freelancers, and freelancers recognize this. As a result, they expect competency from their freelancing project team. Clients are making good progress, according to survey data.
Client project managers are helpful in creating realistic goals and timetables, as well as making freelancers feel like they are part of the team, according to nearly half of freelancers. That’s a significant change from just a few years ago. However, further effort is required. Freelance platforms must do more to assist clients in successfully collaborating with freelancers and setting up projects.
The move to a blockchain ledger is expected to be a game-changing innovation. Smarter data collecting on results and experiences, contracting in broader success terms, and saying no to clients who don’t grasp it are all solid places to start.
- Freelancing has become more common as a result of Covid-19, which has created both opportunity and competition
In a recent Forbes article, there was a discussion about the trends fueling the freelance revolution, but Covid-19 was the black swan with a rocket tethered to its tail. Covid-19 provided more opportunities for our freelancers, but it also brought more competition as more brilliant individuals began freelancing part-time or full-time. Our freelancers used extreme caution; they recognize that, as independents, they lack a safety net, particularly in underdeveloped nations. Covid-19 prompted both freelancers and non-freelancers to rethink their priorities, resulting in an increase in overall interest in freelancing.
The freelance revolution is prospering as part of a global “rethink” of employment, both because of and despite Covid-19. Freelancing, which has been around for over 2000 years, has been modernized by technology, which allows a freelance financial analyst, software programmer, freelance accountant, writer, photographer, or AI specialist to live in India while working for a company in the USA.
So, how do you get started? QWIRK is your place to go!
QWIRK is a freelance marketplace that connects businesses with competent personnel for short-term tasks and assignments across India. Initially, the organization focused on freelancers in the fields of finance, audit, tax, and accounting.
Make your work hassle-free with QWIRK.
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