The emergence of the gig economy and its continued development is paving a prospective future of freelancing for independent talents.
With the hybrid model pushing up interests to explore alternative work arrangements, more companies are also opting to hire freelancers. Below, we list out a few pointers to give you a glance into the Future of Freelancing:
Acceptance to preference: more companies hire freelancers
More employers choose to work with freelancers as they see the benefits.
According to Upwork’s Future of Workforce Report released in 2022, 78% of hiring managers that engage skilled freelancers are confident in finding the talent they need. Additionally, 79% of employers surveyed in the report agree that working with freelancers promotes innovation within their businesses.
Freelancers help employers fill the talent gap by offering skills that are hard to find in selected industries.
Diversification of freelancing opportunities
As freelancing becomes more accepted by employers, new well-paid job opportunities open up for self-employed talents. The growth of freelancing platforms has also boosted the future of freelancing by matching independent talents with projects that employers offer.
Freelancing platform Xolo expects a very bright future for freelancers in the healthcare, events, and language learning industries.
More freelancer tools and facilities
In the early 2010s, freelancers had to make do with digital tools and resources designed for small businesses. As the gig economy kept developing fast, better-tailored products became available.
Freelancers can now use apps or software like Boomerang, Slack, Trello, and Harvest to maintain or even improve productivity.
Better protection from exploitation
As the number of freelancers grow, regulatory bodies around the world are finally enacting relevant legislation to offer them more protection.
For example, in the Philippines, parliament approved a new bill that better protects freelancers against poor or dangerous working conditions. Specifically, it now mandates hazard pay and night shift differential pay for independent talents.
We expect more countries to draft or introduce new laws and tighten existing legislation to protect the welfare of freelancers in the coming years.
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