Freelance economy continuous to rise

When it comes to getting an employment, college graduates suffer a lot. They pay heavy amounts of cash for their education and to acquire a degree. Once they complete their educational journey, they send their resumes to dozens of companies and organizations in a hope to get the job they dreamed of. They wait for the replies and continue waiting for those replies. But during all this process their daily expenses never subside. The wait increases their stress levels and if they fail to get a job, their self-confidence shatters.

Until a person gets the job, the skill building never starts. The skills are built when you find a job and start doing your work. The wait for replies from the job applications actually frustrates most of the young graduates. This has actually helped the freelancer market across the globe to rise; the young generation is now getting themselves associated with online market.

Millions of people are hustling in cafes, co-working spaces, and are reaching out to friend’s circles to find work. Freelancing is not just popular with the people who are unemployed; many traditional workers are also doing freelancing as a part time job.

According to a study of UpWork and Freelancers Union, 60% of the full-time freelancers have chosen this work style, which is up 7% from last year. In US, more than 1 in three workers are doing freelancing. In Pakistan, the freelance work is also growing at a constant speed. Many workers are giving up their traditional jobs in order to benefit from the freelancing experience.

According to Stephane Kasriel, CEO of UpWork,

“People are increasingly building flexible careers on their own terms which are based on their passion, desired lifestyle and access to a much broader pool of opportunities than ever before in history.

The move of working on one’s own:

Working on one’s own by freelancing is proving to be extremely beneficial. According to a research 60% of people left their traditional jobs and adopted freelancing as their full time career, they are now earning more money as compared to their previous job. 80% of the freelancers revealed that their income has tremendously increased by switching to freelancing.

Freelancers have no desire to go back:

According to Kasriel,

“Professionals are not only turning away from traditional employment, once they do most have no desire to go back”.

Freelancing provides the flexibility of choosing one’s own working hours, a location of own choice and a schedule that allows people to enjoy their work and also pursue their personal interests. The flexibility associated with freelancing is interesting for most of the freelancers which is compelling them to continue working as and they have no desire of switching back to their previous jobs.

Freelancing prospects:

According to analysts the demand for independent work is expected to increase more over the coming years. Many surveys have been conducted for this purpose which revealed that 80% of those surveys predicted that greater increase in freelancing trend is still to come.

Written by Hisham Sarwar

That is all you ever need to know about me but let me warn you, freelancing for me is a journey, certainly not a destination :)