The IT industry is an industry that is ideal for freelancers. With internet access, networking, and telecommunications, people can easily work remotely. IT freelancers can work from home, on the go, or in offices.
IT is not the only industry in which you will find freelancers. It is estimated that the number of freelancers in the US is around 16 million, and this figure could rise to 65 million by 2020. Freelancers work in a range of industries, such as marketing, project management, accounting, and insurance. There are a lot more opportunities for freelance careers than many people realize.
This can be good for the workforce, who can become specialists in a particular area and use their skills to seek assignments in a variety of companies. Working on a variety of projects with different people can improve their skills. Workers can be much more flexible about where they work and what type of work they do. It can also give workers the chance to own their career and determine in which direction it goes. It can also be good for businesses, who are able to find the skilled workforce that they need for a particular project, without having to employ such individuals long term or train them. An umbrella company can make finding the right qualified staff much easier for a business.
While freelancing can be good for workers, it can also have a downside. The company that employs them no longer has to pay for health insurance, workers’ compensation, or Social Security taxes. Some workers may struggle to make the kind of money that they would make in a regular salaried job, and they also have more expenses to cover. Health care cover is more expensive for an individual than it would be for a company employee, and they may end up having to work more hours. Planning is crucial if an individual is to succeed in freelancing.
Studies have shown that in the IT industry, more companies are switching to hiring freelancers rather than full-time staff. For the companies, it makes sense because they can adjust their workforce as required, hiring more when there is more work and shedding staff when the work slows. In some small companies, as many as half the workforce may be contractors rather than full-time employees.
Of course, while it might sound perfect for companies, there is still the problem of finding the right staff with the right skills. For small companies that might not have their own IT department, and who are looking for someone who is highly skilled in a particular area of IT, how can the company know that it is hiring the best person for the job?
One way that a company can find the skilled workers that it needs is via an umbrella company. The umbrella company finds the staff, and it is the responsibility of the umbrella company to ensure that the staff have the right skills. This takes a lot of the work out of finding good freelancers.
Freelancing looks set to stay as more companies move away from the traditional workforce, and both companies and individuals will have to adapt to the new regime.
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