As the Digital Era advances, IT companies are looking for new ways to structure their workforce; one of them is the Uberization of the Workforce, sometimes called Gig Economy, or Crowd Sourcing, where individuals market their skills online on various platforms. However, even though it is a hot topic in the tech industry right now, the term gig refers to a job that was coined by Jazz musicians in the 1920’s. Even today, almost the entire Hollywood and Bollywood industries rely on the gig or uberization-based economies.
In particular, following the COVID pandemic, the dynamics of the workforce have changed and the need for flexible working arrangements has grown drastically. Specifically, the IT industry, which faces clear supply and demand issues with its workforce, has adopted the Uberization (Freelancer) concept. Here are just a few of the listed benefits of hiring Freelancers.
The time is money for any IT company working on a tight project schedule. When your full-time employees are trying to manage multiple projects at the same time, they might not be able to meet deadlines. A Freelancer who focuses on one project at a time is more likely to deliver a project on time and accurately.
With new normal still shaping up, keeping up costs is continued to be a top priority for any organization. Traditional full-time employees become expensive and sometimes, the work that needs to be filled isn’t routine or it could be a one-time task. For this reason, hiring a freelancer can accomplish the job and become more cost-effective than the full-time employees without compromising the quality of work delivered.
The COVID pandemic worked as a catalyst for any organization to increase its core competence and diversify its portfolios. Which requires a constant flow of new ideas, learning, and development. With existing permanent workforce blended with freelancers from different educational, geographic, cultural backgrounds can significantly increase your organizational competitiveness and ability to handle various projects.
Most of the freelancers are highly specialized professionals and come with extensive experience in the technology you are looking for. Adding to that the reputation of the freelancers and their future employment scope are also based on the quality of work they deliver. Hence freelancers always tend to deliver high-quality work which meets organizational expectations.
With changing market dynamics, organizations need a newer skill set and talent pool to sustain in the business, which is often difficult and time-consuming. With the availability of various digital platforms, companies can search for the skill set or position they need and browse a list of freelancer profiles with matching experiences without geographical restrictions.
Highly skilled talent is now increasingly looking at freelancing due to its flexibility, independence, and lifestyle choices that a conventional job would not allow. It also enables companies to have a flexible/blended workforce with a wide range of talent pools which enables them to scale up their competitiveness and opens a new market for them to grow up.