The Freelancer Hiring Trend
Finding talent for your small business is a crucial step in building a successful company. Unfortunately, this talent can often come at a high cost which is often out of reach for a young small business and definitely for a startup. However, with the still weak economy and jobs sector, many people with a variety of skills are unable to find the exact full time job they desire and are turning instead to freelancing in an attempt to receive compensation for any of their many core capabilities. This is great for small businesses because many freelancers often underprice their time and do not require full time employment. That can reduce the costs for a small business while still allowing it to utilize their talent. Also, freelancers also work remotely from their home office or somewhere else so they do not require a work area at your office. This keeps your useable work space constant while still boosting productivity and allows you to avoid the expenses of extra computers and other peripherals.
You will want to snatch up as many freelancers as you now, however, as they are likely to soon demand more money for their skill. This trend towards freelancing as a primary career is already occurring among workers as evidenced by the latest Elance report. The survey found almost 60 percent of freelancers have a higher income in 2012 with accompanying high expectations for 2013. The prospects are so high for income growth and the pleasure from the freedom of lifestyle that it allows is driving more people towards freelancing as a first initiative rather than a last resort. Fox Business continues, “The study found that independent professionals, who on average work on between two and six projects at a time, prefer this new way of working, with nearly 70 percent claiming they are happier and 79 percent saying they're more productive working as a freelancer than as a full-time employee. The research revealed that millennials are turning to online work faster than any other age segment. Of those surveyed, 46 percent of millennials freelance full-time, while 26 percent have a full-time job and freelance on the side. Millennials also are more optimistic about their freelance career; 71 percent said they expect their income to increase in the next year, according to the study…”
Source - Fox Business