Introduction: What is the Future of Employment & What are the 8 Advantages of Being a Freelancer in 2022
The future of employment is not a pretty picture. A recent study by the McKinsey Global Institute predicts that about half of today’s work activities will be automated by 2030. This shift will lead to a drop in demand for labor and an increase in unemployment rates. Freelancers are not immune to this trend, but they have far more job security than their employed counterparts. Freelancers can choose from a variety of freelance jobs and pick the ones that best suit their skillset and preferences. The freelance salary for freelancers is also increasing at a faster rate than the average salary, which is why it’s predicted that more people will be choosing freelancing as their career path in 2022. The 8 Advantages of Being a Freelancer in 2022:
You decide when you want to work, how much you want to work, what you’re willing to do for a project and the hours of your availability. You can also choose where and with whom you would like to work. Global economic growth forecasts are hovering around 3% in 2017 and 2018 (after a low of 1 .6% in 2015). This means that there will be more freelance opportunities for skilled individuals and their needed services. Hiring a freelancer means you can be confident in your investment because you know the project will get done on time and to the highest standard possible (and at a fraction of what it would cost to hire an employee).
2. Creative Freedom:
Freelancers can be creative unrestricted by company standards as well as free from the constraints of office culture. You can get paid for your own unique vision and unique style. Moreover, freelancers are not limited to one project and have the freedom to work on multiple projects at once while being able to devote time to other personal interests or hobbies. The growth of freelancing has been so massive over the last decade that it is no longer unusual for someone to be a freelancer. There are approximately 40 million Americans who are not employed as traditional employees and make their living working independently.
3. Flexible Schedule
For many freelancers, this is their full-time job and their schedule is one in which they dictate themselves rather than a set timeline dictated by a boss or client. Freelancers are able to work anytime they want. A freelancer’s schedule is flexible and they are able to work anytime they want. Freelancers can choose when to start and stop working, which means that they can take time off when needed. Freelancer has the freedom to set their own hours and work from any location with an internet connection.
4 . Fulfilling Work
Freelancing offers flexibility to choose the type of work that you enjoy. You might take on a variety of projects, from writing to art to event planning. The possibilities are endless! Freelancing has taken off in recent years as the workforce has grown to over 40% contract and temporary workers. This type of work offers flexibility for those who enjoy a variety of tasks and challenges. With the rise of websites like Upwork, freelancing has become accessible to anyone with internet or phone service!
5 . Entrepreneurial Spirit
Many freelancers are self-employed and in charge of their own destiny and success. Freelancers often help out their family members or friends with their own businesses. This can also help people launch their own businesses in the future. In a study done by the Office of National Statistics, the number of self-employed people in Great Britain is “over 8 million.” This is double the amount from 35 years ago. Some freelancers might also become entrepreneurs and take advantage of economies of scale and technology to compete with larger businesses. This can result in lower prices for consumers. I know many friends who were able to start their own start being a freelancer because it gives you the opportunity to set your schedule that how you want to invest your daily routine.
6 . Self-Employed
Many freelancers are self-employed and in charge of their own destiny and success. Freelancers often help out their family members or friends with their own businesses. This can also help people launch their own businesses in the future. To take advantage of the services of a freelancer, you might need to pay for their service in advance. However, you should be aware that this could often be more expensive than hiring someone full-time.
7 . Freedom
Many freelancers have freedom because they are not employed by an organization. Freelancers can work for themselves and make their own hours and schedules. . This is the case for many who have created businesses in their fields, using their talents and knowledge to create something that they can sell. However, freelancers are often held accountable for more than just their work output. In fact, they are usually responsible for things like taxes and accounting. All these responsibilities often make it challenging to live a sustainable lifestyle on one salary. The solution to this is that freelancers are not bound to work on a single project.
8 . Security
Many freelancers have security because they are not employed by an organization. Freelancers can work for themselves and make their own hours and schedules. Freelancers are more secure than the 9-5 job holders as they can work with multiple clients at once. They have a flexible schedule and can work from home or anywhere in the world. During the Pandemic, many people lost their 9-5 Jobs but freelancers were secure because they were working with multiple clients at the same time.
What it’s Like to be Self-Employed and How You Can Maintain Your Freedom as a Self-Employed Person
The freelance lifestyle is not for everyone. It can be tough to make a living, but for some people, it is the perfect fit. The pros and cons of being self-employed are what you make of them. If you’re willing to work hard and take the risk, there’s no reason why freelancing can’t be an enjoyable experience.
Conclusion: The Reality of Being an Entrepreneur in 2022
The reality of being an entrepreneur in 2022 is that it’s not just about starting a company. Entrepreneurship is now more about freelancing and finding opportunities to work with a variety of companies, and starting your own company along with that. Freelancing has become very popular in the past decade as many people find it to be more flexible and less stressful than working for one company. Freelancers are able to work on their own time, choose their own hours, and set their own rates.
Enroll in one of the Freelancing Courses offered by LWS Academy to start your career as a Freelancer.
Check out all the freelancing courses offered by LWS Academy here.