Work life balance is one of the hottest and trending topics in India, especially among women, who struggle between a having successful career and family / kids. Most women in India end up compromising their careers over family, but no more!
Thanks to the gig economy, women now have flexible work options available to pursue their career while not missing important milestones in their family lives.
Globally, growth in independent professionals or freelancers is expected to be one of the most significant employment related trends over the next couple of decades. The value of work transacted through freelancers online has already crossed $2 billion and is expected to reach $5 billion by 2018, according to a forecast by Staffing Industry Analysts.
In India too, the signs of freelancing becoming increasingly relevant and attracting professionals from a host of functions, are everywhere. Following are a few key trends impacting this space:
Opportunities for a wider talent pool
In the past, sectors that attracted the bulk of freelancers were creative, design and information technology. While these domains continue to flourish even today, we are simultaneously witnessing a huge surge in individuals from mainstream professions taking up consulting or part time assignments. In fact, professionals from core functions like strategy and business development, general management, marketing, sales, research, academia, human resource and finance together account for close to 70 percent of the independent talent pool today.
Men also want a piece of the (flexibility) pie
Contrary to what you might expect, Indians engaged as freelancers are not just women managing young families who can’t or don’t want to get into full time jobs. While that segment exists, today professionals offering advisory and consulting services or those opting for project-based work are equally likely to be men or women. This is true not just in the creative domain, but also in technical sectors as well as for professionals going independent post a long stint in the corporate world.
There is no doubt that independent working is here to stay – close to 70 percent of freelancers surveyed by Flexing It evinced high levels of satisfaction with their current line of work and more than 85 percent are optimistic about their future. These numbers are much higher when compared to professionals in full-time roles. Or as one freelancer puts it more simply, “I don’t think I have been happier. My productivity has increased manifold, the cash flows and great and I am enjoying my life more than ever before!”