Gig economy; be your own boss
Gig economy can create more jobs than traditional economy.
Gig economy can create more jobs than traditional economy.
Brief:
Business Standard reports that being your own boss is a new career option. Gig economy is a temporary work system based on a short-term relationship between workers and companies.
Earlier freelance or “gig” work was a source of extra income. Now people are leaving their jobs to focus on their freelance talents and career.
Some freelance professionals are marketing strategist for startups, independent architect, make up artist, writer, jewellery designer, freelance photographer.
Open talent economy is different from semi skilled gigs such as plumbing and construction.
Why are people becoming freelancers?
Professionals feel that employers aren’t compensating as per their efforts and talent.
Freelancers love the freedom from not reporting to the bosses.
Autonomy over time. Freelancers choose to work as and when they want.
What is the scope of growth?
One in four freelancers across the world is from India.
Nearly 50% of the US workforce is freelance.
Availability of facilities such as co-working, startups and remote work technology is only helping the gig economy.
Research by Flexing It showed that between financial years 2016–17 and 2017–18, the demand for freelancers from large Indian corporations and MNCs increased from 17 per cent to 29 per cent.
4 things matter for a successful career:
Harvard Business Review lists down the following…
Place; a specific workplace. For the lack of office, workers ignore the importance of workplace.
Routines; Some routines improve people’s workflow: keeping a schedule; following a to-do list; beginning the day with the most challenging work.
Purpose; purpose keeps workers steady, inspired, and inspiring.
People ; collaborators, mentors, friends and family members matter. Don’t be lonely.