2020 has caused disruption for many businesses, but it hasn’t slowed the global shift to freelancing, instead, freelancing has continued to increase at a fast past as more people try to earn a living amid the Covid-19 pandemic.
This is why most professionals are pursuing freelance work out of necessity not by choice. But one thing about being a freelancer is that a lot of things are not certain mostly when it comes to income stability and affordability. This is why we have put together a few trends for freelancers in 2021 that may assist you to make the right decision for your career.
While you are here, kindly visit www.uasaip.co.za and learn more about your trusted union and what we have in store for freelancers in 2021. UASA Independent Professionals continues to offer freelancers competitive benefits that are equal to full-time employees.
More professionals are moving to freelancing
Before the pandemic, many people chose to be freelancers because they wanted flexibility, freedom, and more work-life balance. Then the Covid-19 pandemic hit and most people lost their full-time jobs and that was an eye-opener for both companies and employees. Most people who were used to the comfort of a stable income realized that the only way out to survive is to move to freelance and earn an income. While companies also recognized that relying on freelancers has a cost-benefit instead of full-time employees.
Freelancers are getting paid more
A few years back, freelancing was the most criticized industry as most professionals were perceived as people who hop from job to job without stability. It was also one of the most less paying industry for most professionals, but not anymore. Since the Covid-19 hit the world, there has been a growing trend for highly-skilled freelancers and their salaries have also been increasing. Looking at the current economic state, many companies prefer working with freelancers to cut costs and get a good turnaround time.
Freelance work has become stable
Several companies and organizations are now taking notice of freelancers and the industry. Freelancing has always been viewed as an unstable career because the income is unpredictable and freelancers don’t qualify for things such as bonds or long-term loans because they don’t have a stable income. But that perception is quickly changing thanks to a growing number of support networks and organizations. For instance, UASA Independent Professionals provides freelancers with trusted legal support, maternity and funeral benefit, study grant benefit for themselves or their dependants, financial services wellness, and more.
Therefore, these trends are set to shape the experience of freelancers in 2021 and beyond. Freelancers will increase in demand and their value will be worth a lot more. This will give freelancers more options when it comes to where they live, work, and who they work with.