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You are here: Home / Business / Businesses and the Rise of a Freelance Economy

Businesses and the Rise of a Freelance Economy

September 6, 2013 by CMO Contributor 3 Comments

If you would go by the current options some enterprising business owners are taking right now, principally about hiring telecommuter professionals for the services they offer, you might be of the opinion that such arrangements would remain optional alternatives even in the near future.

freelance economy

Image credit: Michal Marcol | FreeDigitalPhotos.net

After all, you might also believe that there are not as many qualified pros out there that could make companies opt to get their services under such terms.

If online technologies didn’t exist, that may have been the case and your perception might even be grounded on logic, but a little self-enlightening helps along this thought.

Telecommuter work arrangements are more and more becoming widely accepted and practiced by companies and, in a few more years, are seen to change the face of workplaces and hiring practices globally. If you are a business owner, it pays to anticipate this emerging reality and open yourself up to the possibilities of conscripting talent from a global online pool.

The growing numbers

Work is undergoing a silent revolution and could probably be the biggest one to happen since the Industrial Revolution.

In fact, it is changing the businesses, and people are finding talented workers and employment globally. American online jobs company, Elance, believes that by the year 2020, one out of two businesses will be hiring freelancers and that 10% of all talents in the world will be working online.

This belief is fuelled by the fact that online technologies that businesses pivot around so much these days have taken out a large amount of professional, organizational, and work-related uncertainties that had to do with the physical absence in the workplace of employees.

A typical online phone system run by a cloud PBX, for example, effectively negates physical distance and location while enabling collaborative work via business VoIP features and functionalities extendable to telecommuters done through mobile devices and IP phones networks.

Online freelance earnings have also grown in recent years and clearly show how both pros and business owners are embracing telecommuting. Elance pegs the collective earnings of online freelancers to grow by 40% to 50% annually, although it also expects the numbers to grow further in a few more years.

This expectation is based on collective earnings of Elance’s 2.3 million members in 2012 reaching $200 million.

The online worker profile

Online job platforms are attracting an entirely new generation of professionals who have a totally different set of expectations of work and employment. This online worker generation also has a different view of career-oriented success that it doesn’t share with those from past generations of pros.

There are a certain number of reasons why freelance pros opt to work as telecommuters like the following:

  • They like the money that can be made online.
  • They love the opportunities open to them as online pros.
  • They love the control they have over schedules.
  • They can follow their passions.
  • They are their own bosses.
  • They enjoy the pace and seamlessness that tech enables them to do work.
  • They love the convenience online work offers them.

It is therefore important for the business owner to be open to hiring freelance online pros as a matter of exploring and procuring professional talent from a bigger global pool. A hiring criterion that enables it to choose from a deeper pool of talent affords any company more chances at getting the best ones from around the world.

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Filed Under: Business, Freelancing, Technology Tagged With: freelance economy, PBX, telecommuting

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