The boom in the freelancing world has changed the way we think about careers and maybe even jobs; the idea of staying in a company until you retire and collect your gold watch is very much an aspiration of the past, at least in the UK.
Nowadays careers are no longer hinged to one company and are often more about juggling multiple clients, managing various forms of work and turning spare rooms, coffee shops and the outdoors into one’s ‘office space’. Whether you choose to call them contractors, freelancers, temps, self-employed or sole proprietors, these independent workers are now an integral part of the workforce.
The transition we are witnessing can easily be referred to as a paradigm shift, or at the very least a ‘positive disruption’. Since the industrial revolution we have not witnessed a more significant shift in working habits and the workplace. According to recent research, conducted by PCG, in 2011 the UK freelance market was estimated to be worth in excess of £202 million.
It’s fair to say that the economy has played its role in pushing certain professionals into freelance work. However, many more people have chosen this model because it allows choice, flexibility and the chance to leave the office environment behind, which often constitutes even the best of jobs.
Freelancing manages to drive flexibility and creativity through remote and online working, while cutting costs and creating a whole new niche for more specific and smaller contracts. Elance, a popular online freelance tool, has recently released its growth statistics for the UK. Vice-president Kjetil Olsen says that the growing demand for UK freelancers has increased on a long-term basis. Approximately half of freelancers are signed up for more than 6 months with 25% working for the same contractor for over a year.
Elance further revealed that enrollment from independent contractors in the UK has jumped by 51% and they also estimated that the amount earned by UK contractors increased by 47% over the last year.
They go on to say that the most popular freelancers are those with IT and programming qualifications. 21% of their subscribers started freelancing after being laid off from their jobs, while 40% chose it for the additional income. Here is Elance’s breakdown for the major categories this year:
IT – 54%
Writing and Translation – 16%
Design and Multimedia – 14%
Admin support – 7%
Sales and Marketing – 5%
According to the recent research from PCG: The Labour Force Survey data suggest there are an estimated 1.56 million freelance workers in the UK. This figure comprises 1.35 million working freelance in main jobs and a further 207,000 working freelance in second jobs; 13% of all freelancers work freelance in a second job. Freelance workers constitute 5-6% of all people in employment.
However, we would imagine the number of freelancers is actually much higher, for instance on the popular website Freelancer they have 4 million people registered from the UK. Perhaps the definition of freelancing is experiencing a paradigm shift of its own!
When it comes to companies looking for skillful people, in the first instance they often turn to known associates and colleagues in the freelance market. However, there is no guarantee to find the right person, at the right time with the experience and quality of skills required for a certain project. In order to reach out to a wider freelance market, they need to be aware of many factors and know how to qualify the skills fit.
The transition and growth of freelancing is a viable business model. Many companies prefer it and are able to maximise their budgets and achieve a flexible workforce that responds to their changing needs. It may have been the economy that has caused this rise of the freelancer, however, the considerable benefits of the model for both companies and individuals, are strong enough reasons to ensure the continued growth of the freelancer.
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