Organizations are increasingly looking for Freelance or outsourced workforce as it gives them several benefits interns or delivery quality, delivery timelines, greater reach, reduced costs and flexibility.
More and more technologies and technology providers are supporting remote work.
Numerous learning sourcing are not available. Therefore people of all ages (even school students) are now capable of gaining competencies and skills in different areas. This ads up to the available freelance community, making is grow further.
What are the main drivers of Freelancing? (Its always good to know them)
Entrepreneurs and Human resource managers are increasingly considering Freelancing or Outsourcing due to its numerous benefits such as greater access to skills, Reduced cost, Greater flexibility, less burden on Legal or Employment regulations.
Advancements in Technology is always supporting Remote working or Freelancing. Advent of 5G with super fast internet speeds, Mobile and Tablets becoming powerful as per Moore’s Law is enabling anyone to work from anywhere. More and more technology companies are introducing video conferencing services.
With the adaptation of digital currencies and proliferation of internet based wallets and payment services are reducing any financial and payment barriers for any two parties across geographies to work together.
Regulations governing Freelancing? (Is Freelancing as “Free” as it sounds?)
Freelance work platforms such as Projects2Bid have implemented their own regulations in order to protect both Freelancers and Clients.
Escrow based money handling systems are implemented which keeps the clients’ money safe until the job is completed to the satisfaction of the client.
If Employer requests enhancements and feature additions beyond the initial scope, the platforms always suggest both parties to first discuss and negotiate among themselves so that no disputes can occur.
If both Client and Freelancer cannot come to an agreement in resolving any conflicts then either Client or Freelancer or both could file a dispute to the Freelance platform such as Projects2Bid and the platform will intervene by independently communicating with both the parties and try to resolve the dispute in the best possible manner.
As at to date lesser laws and legal regulations are governing Freelance work except for the platforms own terms and conditions. This is mainly due to the fact that a Freelance contract is begun with the understanding and consent of both Freelancer and the Client alike and also the Job or Project deliverables and the Budgets along with delivery timelines and milestones are pre-agreed by both parties.
What are the latest Trends that we can see or expect in Freelancing? (How different it will be in the future than it is right now?)
Freelancing has evolved over the years and adaptation to freelancing has ever grown among the workforce and employers alike.