The freelance marketplace fills a relevant manpower gap which has been a formidable challenge for many businesses. While large companies could afford to hire consultants in cities, this remained a roadblock for smaller businesses. The freelance marketplace not only made skilled professionals accessible to companies but also opened a vista of professional training services and access to talented manpower. With freelance job portals, there was better connectivity and easier frameworks for engaging the services of freelancers. 

Since the pandemic hit the world, the growing freelance market began growing at an augmented pace with no signs of slowing down.

Here are 5 Reasons Why Freelancing Will Continue to Remain Relevant

1. Technology is getting cheaper

Smartphones, tablets, and laptops cost less, and internet services are now available in the remotest towns and villages. There are computer accessories and software applications that help speed the process and add value to the freelancer’s work. with free tutorials on how to use practically every piece of technology and the various hacks for every software application, freelancers can upskill faster, stay current, and be ahead of existing trends.  

2. It is cost-effective for start-ups and MSMEs

A skilled workforce becomes cheaper for start-ups and MSMEs without the additional salary components. Paying an effective rate for the services provided, for the duration of an engagement or the project, and automatic termination of employment at the end of the project makes it cost-effective for the businesses. Furthermore, if the association is not working it is easier and faster to end the project and move on to a new resource person. 

3.  It is time efficient for large corporates

For large companies, rapid hiring can be done on freelance websites with a key focus on skills for role-based projects. The average hiring cycle, including multiple interviews, onboarding, training, and project allocations can take up to a month. For freelancer hiring, the business does not have to complete that many steps before arriving at the decision. Thus, where projects need a resource person they can be hired for that instance alone with very few obligations. 

4. Unstable Job Market

If there is one thing, we have learned in the past year it is the instability of the job market. On one end we have multinational IT companies witnessing high attrition and on the other, there are large IT companies such as Microsoft and Tesla laying off employees, or Google slowing down fresh recruitment. Many seasoned professionals lost their jobs and corporate reshuffles are quite common, plucking one out from their coveted project at short notice. In such a scenario, freelancing offers another stream of income, it offers an opportunity to work for oneself, and there are chances where one can take up projects in their areas of interest. 

5. Opportunities to network

There are multiple opportunities to network with core team members and decision-makers which can lead to more gigs in the future. It can lead to a permanent job opportunity if one is aiming for that. It can lead to creating teams for offering combined services if one is seeking that. Through freelancing one can learn more about the scope of their professional field and the diverse opportunities that they can explore. 

There is a wide gap in the job market that the freelance market fills. ZoopUp plays a very important role by offering specially designed engagement models that ensure privacy and security to clients and freelancers. Explore the ZoopUp job postings to learn more about the opportunities and trends in freelancing.