The disruption caused by the Coronavirus pandemic has created as many opportunities as it has tragedies. While it’s unfortunate that many businesses did not survive the pandemic, it’s encouraging that others have demonstrated resilience.
Thankfully, signs of recovery are on the horizon. In the third quarter of 2020, as the pandemic still raged in the United States and many other countries, household spending fueled up to 3.3% growth in some areas.
As the lingering effects of the pandemic wane, you’ll want to take advantage of opportunities that have surfaced. One of the biggest opportunities is the increase in top-tier on-demand talent. There are currently 57 million active freelancers in the United States alone. Even more astounding, 53% of all Gen Z workers are independent contractors!
Companies of all sizes are stepping away from traditional staffing solutions - instead, many have elected to hire freelancers to fuel organizational growth without incurring the unnecessary expenses of recruitment agencies.
Why Are So Many Talented Professionals Available Today?
The resignation boom, AKA the “Great Resignation” began at the onset of the COVID-19 pandemic and continues to strangle companies in nearly every industry conceivable. Even as the “new normal” took hold, employees continued seeking new opportunities and time away from their careers - in September 2021, 4.4 million workers turned in their resignations and said goodbye to their jobs.
While some of these professionals took advantage of high salary offers and lucrative bonuses from competing employers, many others could not be swayed as easily. The highest losses were in the healthcare and tech sectors - year over year resignations increased by 3.6% and 4.5% in these industries, respectively.
With 2.9% of the workforce leaving their jobs each month in the United States, employers are struggling to attract the top-tier talent they need to thrive in today’s hyper-competitive business environment.
Those that know where to find top on-demand talent, though, are poised to thrive in the new business landscape.
Many former corporate business professionals, as well as those in many industries outside the corporate world, are achieving greater success, higher pay, and more personal fulfillment than they did as employees. They’re doing it by offering their knowledge, insights, and services as freelance professionals.
There are nearly as many reasons people switch to freelancing as there are freelance professionals. Many, though, decide to work independently for several common reasons:
How Can You Take Advantage of This Wealth of On-Demand Talent?
The dramatic increase in freelance professionals doesn’t just benefit people who want to work from home and set their own hours. It also benefits companies that want to scale without incurring significant up-front payroll and benefits expenses.
Here are some tips to help you scale with the help of talented, dedicated on-demand professionals: