5 Reasons (G̶i̶g̶ ̶E̶c̶o̶n̶o̶m̶y̶ ) Freelance Consultants bring value to your company
In the last 5 years, everyone has been talking about the “Sharing Economy, Gig Economy and Freelance Consultants”.The fact that sharing has become so popular means that long-established companies cannot close themselves off to the changing forces of the market.
Gig work represents temporary or incidental short-term work, which usually means shallow and low-value. One time projects you do to earn some cash so you can go looking for something more meaningful.
The line between gigs and the sharing economy is getting blurred and what they have in common is that they are made up of shorter-term workers that go from ‘gig to gig’ providing much needed and flexible services to businesses around the world.
Task Rabbit, Airbnb, Lyft, Uber, Rover, Postmates, Door Dash — these services have all simplified our lives in one way or another and representing some of the engines of the sharing economy.
What is a shared economy? — is an economic principle that is constantly evolving. In the very simplest terms, it’s the use of technology to facilitate the exchanged access of goods or services between two or more parties.
It’s derived from the notion that mutual parties can share value from an under-utilized skill or asset. This value exchange occurs through a shared marketplace, collaborative platform, or peer-to-peer application according to Derek Miller.
A consultant is a highly specialized person with vast experience who is paid to provide professional or expert advice in a particular field or specialty, such as advising a company on digital marketing campaigns or on increasing productivity, etc..
Ten highest-paying freelance consultant jobs of 2018:
- Artificial intelligence/ deep learning ($115.06/hour)
- Blockchain architecture ($87.05/hour)
- Robotics ($77.46/hour)
- Ethical hacking ($66.33/hour)
- Cryptocurrency ($65.37/hour)
- Amazon Web Services Lambda coding ($51/hour)
- Virtual Reality ($50.18/hour)
- React.js Developers ($40.75/hour)
- Final cut pro editors ($37.12/hour)
- Instagram marketing ($31.23/hour)
The 5 reasons Freelance Consultants bring value to your business:
1 . You can hire specific experts
Trends in business change continuously, skill sets and industries are touched by innovations all the time, but freelancer consultants make it a point to stay up-to-date on what’s changing in the marketplace. Employees with a full-time contract have a tendency to get comfortable and stop investing time in the development of new skills. Consultants know that they have to stay focused and be prepared for the future.
If a special task needs to be achieved and your company lacks that specific skill, you can hire the most suitable professional freelancer consultant for that job. They bring their expertise to you without you having to employ somebody that you will not need once the assignment is done.
2. Consultants focus on results
The first priority for a consultant is to achieve an outcome rather than focusing on the process it takes to get there. It is about aligning key skills and setting plans for the delivery of certain results while continuously setting realistic goals.
Very open-minded, with strong relationship-building skills, demonstrating flexible approaches to projects.
Trudy Knoepke-Campbell, the director of workforce planning at HealthEast Care System, calculated the cost savings due just to improvements in turnover at over $2 million per year when using performance-based profiles. Your business will be able to pick out the weakest links within your team base and improve performance.
3. Move from an established company to an agile company
How many meetings have you been attending where the same topics pop up over and over again?
- “We need to be more digital and agile; those who do not change will not survive!”
- “How do we create a more agile organization?”
But how do you do that? How can you transform from a process and structure-oriented company into a more digital company?
Instead of hiring a full-time member of staff, you can conveniently work with an external resource person on a need basis. Working with a specialized freelancer consultant helps in streamlining your business, particularly if your resources for a certain project are limited.
CEO of RiseSmart Sanjay Sathe affirms that making space for contract work allows businesses to embrace agility, saying: “While 67 percent of companies do presently limit the number of these types of positions, according to a 2016 Workforce for the Future Survey, having freelance positions means that they are able to onboard new talent and off-board unneeded skills without the burden of employment taxes and paperwork.”
4. Highly qualified consultants
A report by McKinsey found that knowledge-intensive industries and creative occupations are the biggest and fastest-growing segments of the freelance economy.
Consultants experts in startups, finance, project management, and different specific industries, that have been part of companies like Deloitte, PwC, Accenture, KPMG, Roland Berger, McKinsey can be part of your project and help you succeed.
5. On-Boarding is faster
When you realize the need to hire an employee, the first thought is how long the hiring process will take, especially if the worker is needed soon. With freelance consultants, the process is more expedited and they can begin work immediately after a short interview.
Some companies choose to make the search even easier by working with a Qemploy specialist who finds the perfect match for their needs. This allows them to skip the vetting process and increases the likelihood they’ll find a great fit.
According to the Global Contingent Workforce Study, “until the year 2020, 25 percent of businesses will have a contingent workforce comprising at least 30 percent of its talent resources, with one in five workers across the globe is actively engaged in freelance work”.
The workforce is shifting more and more to a freelancer driven market and it’s important that businesses embrace the new work style to attract younger workers and remain competitive.
Businesses have gradually discovered that good talent is harder to find. The local talent pool of professionals with the specialized skills companies need is limited, and each company must compete with other nearby businesses to recruit and hire them.
In the next years, companies will begin increasingly focusing on output from workers rather than time logged each day, which makes it easier to hire and manage freelancers.
Freelancing in the United States has risen with 8% in the last three years and statistics show that by 2027, half the workforce is going to be either freelance consultants or part of the sharing economy.
Was there anything in particular that caught your attention?
Want to add more reasons that you consider we missed out?
Let us know by leaving a comment below right now.