BookedOut’s Post

With the rise of the gig economy, more workers are opting for freelance and contract roles over full-time employment. By 2027, it’s estimated that more than 50% of the U.S. workforce will be freelancers. How is your company adapting to this shift? Are you exploring flexible staffing solutions to meet project-based demands, or is the gig economy influencing your hiring strategy? Share your thoughts on the pros and cons of incorporating freelance talent into your workforce. #GigEconomy #FreelanceWork #StaffingSolutions #FlexibleWorkforce #RecruitmentStrategy #InnovativeCareerResources

We’re no longer seeing people in roles for 10+ years. Instead we’re seeing an increase in: Part timers Contractors Freelancers Gig workers The landscape of work has changed (and continues to change). Being able to do amazing work and achieve mind-blowing results from our laptops brings new life to the phrase ‘possibilities are endless’. Here’s how we embrace this at The Imagination Collaborative - with a team made up of part timers, contractors, freelances and gig workers. We want the best people working with us. So we support our team members’ decisions to work from wherever they feel best, because we know they will produce their greatest work in their chosen environments. We give them space to manage their own time. We set expectations around when they have to be available for important meetings and check-ins, but give them ownership over their own working hours. We are building our teams around finding the best talent in the world. So no matter how long they stay with us, we want to set them up with opportunities today that will allow them to thrive. How do you work best with your part timers, freelancers, contractors and gig workers?

With the rise of the gig economy, more workers are opting for freelance and contract roles over full-time employment. By 2027, it’s estimated that more than 50% of the U.S. workforce will be freelancers. How is your company adapting to this shift? Are you exploring flexible staffing solutions to meet project-based demands, or is the gig economy influencing your hiring strategy? Share your thoughts on the pros and cons of incorporating freelance talent into your workforce. #GigEconomy #FreelanceWork #StaffingSolutions #FlexibleWorkforce #RecruitmentStrategy #InnovativeCareerResources

Did you know that there are already more than 58 million gig workers in the United States? And by all accounts, that number will only continue to increase. As the gig economy continues to expand, it matters more than ever that we correctly define the different types of work that businesses can access to build their teams. The Canopy Advisory community is made up of more than 200 experienced fractional experts. Fractional work is defined as part-time work that’s performed by an expert in their field, typically paid on a monthly retainer or hourly basis. Fractional experts are independent contractors, as are freelancers and consultants. That’s where most of the similarities end, as each type of worker is brought on to fulfill a specific role within a business. Freelancers generally take on more execution-focused projects, while consultants provide higher-level expertise but do not implement or execute the strategies they recommend. Fractional experts provide a combination of the two models, providing both strategic insight and tactical execution. One of the best ways to understand fractional job responsibilities is to think about the fractional expert as similar to a senior-level, full-time employee. With fractional support, companies can hire the senior talent they need at a cost they can afford. For the experts, the work allows for far more flexibility and the opportunity to work with a portfolio of companies instead of a single business. Fractional work is a form of consulting, but not all consulting is fractional work. Understanding the differences will allow you to get the help you need, when you need it.

Looking ahead, it’s clear that the freelance economy is going to continue to grow. As HR professionals, it’s important to ☑️ Rethink your talent acquisition strategies ☑️ Develop new approaches to workforce integration ☑️ Update your policies to accommodate flexible work arrangements ☑️ Embrace technology as a tool for managing a diverse workforce Learn more: https://heyor.ca/ikRMBT #FreelanceEconomy #TalentAcquisition #FlexibleWork #HRStrategies

"Gen Z is entering the workforce at a rapid pace; projections show that this new generation of workers is on track to outpace Baby Boomers in the workforce in 2024. This shift is further underscored by new research from the Upwork Research Institute, which highlights a significant trend: Gen Z is redefining traditional employment paradigms by increasingly forgoing conventional 9-to-5 jobs in favor of freelancing. According to the data, more than half (53%) of Gen Z freelancers are performing freelance work for at least 40 hours per week. Moreover, Gen Z professionals are motivated not only by financial stability but also by the desire for flexibility, autonomy and meaningful work." [Human Resource Executive]

In a world where flexibility meets uncertainty, the gig economy is reshaping how we work—but at what cost? From freelancers enjoying newfound freedom to permanent employees facing unprecedented challenges, the shift towards on-demand labor is both a boon and a burden. Discover the dual-edged sword of the gig economy in our latest article! https://lnkd.in/dPN2E7qE #DRS #gigeconomy #freelancers #employees #remotework

A screenshot from Harvard Business Review's recent piece on changing workforce trends and the increased adoption of Blended Workforces. ➡ Blended Workforce: a mix of permanent full-time jobs, part-time, temporary employment, consultants, and freelancers on various contracts. ⚡ Significantly, 52% of Gen Z workers and 43% of Millennials were freelancers in 2023. And the shift is catching on globally: Notably, over half of those Gen Z workers who freelance are making a career out of freelancing—performing freelance work for at least 40 hours per week across a portfolio of different types of work. One-third said they have been working like this for over two years. ⚡ Integrating and managing this workforce will be one of the main managerial challenges in the years ahead. Traditionally, the role of freelancers/contractors is staff augmentation: They add capacity on a temporary basis and perform outsourced, noncore work as employees of a third party. This is changing very quickly, with company-wide freelancer strategies becoming more about innovation and investments in efficiency. So when the purpose is not augmentation but innovation, companies need a different approach—one that fully integrates expert freelancers into a highly cohesive team. Full-time, in-house teams are, and will, continue to become significantly smaller (at least within tech), while contingent workforces will continue to grow. Managing this shift, across freelancer collaboration, project management, payments, and benefits, will be the challenge for freelancers and companies alike. What a time to be alive. #freelanceeconomy #futureofwork #worktrends Nicholas Boswell | Rafiki.works (Baobab '24)

With 1.57 billion independent contractors and freelancers globally, the contingent workforce is thriving. The World Bank estimates that almost 47% of workers worldwide are self-employed, and evidence suggests this market is yet to hit its peak. In fact, the freelance workforce has an estimated worth of $1.5 trillion and is set to grow at a CAGR (Compound Annual Growth Rate) of 15%. This trend might be unsurprising, given that freelancers are essential for organizations. Why? Because they often: 🔹 Offer a particular skill or expertise helpful for plugging skill gaps within your team/project. 🔹 Step in at the last moment, giving organizations greater flexibility. 🔹 Offer potential cost savings because freelancers are responsible for providing their own equipment and aren't entitled to benefits like paid holidays. Against this backdrop, finance departments face the challenge of paying non-salaried workers correctly and on time, irrespective of location. However, a survey conducted by the Independent Economy Council found that a worrying 74% of self-employed workers aren't paid on time ❌💰 So, how can businesses better manage the monetary aspects of their contingent workforce? Let’s take a look (link is in the comments👇) #freelanceworkforce #payments #directsourcing

The rise of the gig economy is changing how businesses operate. More companies are moving away from hiring permanent staff and instead focusing on talent acquisition through freelancing. This shift allows businesses to access specialized skills for short-term projects, helping them stay flexible and efficient in a fast-changing market. Freelancers bring unique expertise, and businesses can source the right talent based on specific needs without the long-term commitment of traditional hires. As this trend grows, the workforce is becoming more dynamic, offering both companies and freelancers greater opportunities. How will this shift shape the future of work for you? #gigeconomy #talentacquisition #freelancerlife #futureofwork #flexibleworkforce #businesstrends #workplaceevolution