In the ever-changing landscape of employment, traditional full-time jobs are no longer the secure haven they once were. As labor market fluctuations continue to play a factor in our economy, more and more professionals are turning to freelance work to either supplement their 9-5 income or provide total stability and fulfillment as their new ‘type’ of career.
Let’s explore why becoming a freelancer / gig-worker might be the ideal career move for you:
Ironically, there is an exciting potential increase in work & income security
Job security in traditional employment is increasingly precarious:
- Rising layoffs in tech: The tech sector, once a source of stability, has seen significant layoffs, leaving many professionals seeking alternatives.
- Freelancer confidence: Interestingly, 66% of freelance workers report feeling more secure working for themselves, compared to traditional employees. This sense of control and self-reliance is a significant draw for many.
- On-demand shift: A lot of the needs of today’s companies are not 40 hours a week and 52 weeks a year, they are specific point-in-need projects needing specialized skills and roles with a more partial allocation of time.
Flexibility
One of the most appealing aspects of freelancing is the flexibility it offers:
- Choice in work style: Freelancers generally have more control in how they work, whether remotely, in-person, or a hybrid of both.
- Control over schedule: Unlike the traditional 9-5 grind, freelancers have more ability to choose their hours and flex their schedule throughout the week, allowing for a better work-life balance and the opportunity to work during their most productive times.
Growing Popularity of C-Suite Fractional Work
Fractional work is exploding in opportunities for senior and C-level workers and younger specialized workers at the same time:
- Educational background: According to 2021 research, 35% of fractional workers hold a bachelor’s degree, and 51% have a postgraduate degree, indicating a highly educated freelance workforce.
- Leadership gaps: Companies are turning to fractional executives to fill leadership gaps, provide short-term assistance during mergers, and trial potential long-term hires in a less risky manner.
- Business Sense: companies can leverage fractional workers to tap the same niche talent but at better price points and with more flexibility to meet their needs. It just makes a lot of sense for a growing majority of companies!
Freelancing is an attractive option for many professionals seeking stability, flexibility, and new opportunities in today’s dynamic job market. Companies are increasingly appreciating the rich alternative this growing trend offers, and gig workers that embrace this shift could find a tremendous upside not just professionally, but personally as well.
Whether you are looking to escape the insecurity of traditional roles, enjoy the freedom to work on your terms, or explore executive-level fractional opportunities, freelancing offers a compelling path forward. By embracing this career choice, you can take control of your professional future and thrive in an ever-evolving landscape.
