The era of smartphone technology has influenced us dramatically, improving our lives, and modernising how we work, shop, live, spend money and get tasks done. As I write this article, I’m sat on a train looking around the other passengers, and I see their focus is on there smart phone/device. These days people are connected to each other via the many social networks available. These networks boost communication and, contributed immensely to a new way of making a living.
Presently, thanks to platforms like our Freelancer for Lawyers, legal professionals can now find a short term project, and vice – versa a client can find a legal professional as easy as booking making a dinner reservation or getting a date on Tinder.
So, what is the driving force of this new ‘gig economy’? Research shows there are about 50 million gig workers in the US labour market alone. (33% of the entire country’s workforce). Internationally, gig workers account over 31% of the entire work force.
Here I look at what has contributed and influenced this growth.
One of the main reasons remote work has grown so rapidly is the fundamental facts of remote work benefit both workers, and employers. 75% of talent scouts and HR managers say that they presently hire online remote workers rather than through the usual channels. The preference of freelance professionals rather than full-time professionals has been grown due to:
- Savings; estimated savings of 26% on human labour for a firms using remote workers/freelancers.
- Larger skills pool – 40% firms today experience skill gaps that they can’t outsource locally. Freelance professionals prove to be very useful during times of high work-loads with deadlines or for hard to hire specialities when the firm does not require a permanent employee.
- Convenience – There’s no denying that talent managers find it more comfortable and less stressful to hire a vetted and reviewed freelance professional compared to setting on full-time or inadequately experienced employees.
- A larger array of rare specialities and experience; When comparing conventional workers with freelancers, freelance workers have a broader range of work experiences to draw from. An ordinary employee is often just confined to a few firms for their entire career. In addition to this, from the freelancers point of view, they can enjoy the opportunity to harness their skills and work on a wide range of different projects, working with lots companies and new clients.
As it turns out, it is not just firms that favour the enticing benefits of the professional gig economy. Freelance legal professionals are fuelling the rapid rise of the freelancer:
- Many experienced workers prefer being free agents. These guys are not your normal everyday employees but are highly experienced, well trained and educated people. They prefer the working model of free agent compared to being confined to a single employer. Exciting career opportunities, personal development and freedom are amongst some of the reasons they choose to be freelance.
- Unlimited Flexibility; Over 66% of freelance professionals say the operational logistics of free agency is a huge incentive because it offers them a huge degree of freedom. It helps them have a better work life balance and the ability to work anytime – anywhere. Therefore, it is not exactly hard to see why the best talent are joining the gig economy.
The gig economy will continue to bloom thanks to modern thinkers, provide greater freedom and flexibility to businesses and professionals and fill skills gaps in the workplace. This new era benefits all.