Remember when the dream was to have a corner office in a corporate job? That’s definitely not the number one aspiration for a lot of UK workers now, as an increasing number are making the leap to work for themselves. With most preferring a desk overlooking their garden or being able to work anywhere in the world, the UK’s self-employed certainly have a bright future ahead.
But when will the real changes happen and what can workers expect to see in the coming years? Here are our predictions for the future of the freelance workforce.
1. Strength in numbers
There are some wild predictions about the future of the freelance workforce in the UK, possibly fuelled by the huge growth we are seeing in the US, as over 50% of the US workforce is expected to be self-employed by 2027.
Although half of our workforce won’t be freelance by next year, as predicted by the founder of Peopleperhour, there is a good chance that the rapid increase will continue. Instead of thinking this may mean less work for you, consider that a change in attitudes from businesses adapting to work with an agile workforce would, in fact, bring more opportunities than there has ever been.
2. It will get easier
There are now apps that link up with your bank account, send invoices and automatic reminders, track your business miles and not to mention all the communication tools such as Trello, Google Meet and Slack that help teams share information, no matter where they are in the world. It has never been easier to be a freelancer and we can only see this getting better and better as technology advances. Now if only someone could invent a solution to us procrastinating…
3. Clients with benefits
Providing they stay on the right side of IR35 law (read our founder Josh Hanning’s thoughts on IR35 here) your clients or third-party agencies are likely to start to recognise the value you bring to their business, and offer you benefits to working with them. Whether that be longer term contracts, contributions to pension payments or more responsibility on interesting projects, we predict the next ten years will see a huge increase in benefits for freelancers. Particularly as businesses will have to work hard to attract you, instead of the other way around.
4. Brexit may benefit you
Yep, we went there. Whatever your political leaning, a recent survey showed 62% of businesses plan to hire part-time staff over full time, once the UK leaves the EU. We’d have to agree with those who say in times of uncertainty, freelance workers are the perfect solution for businesses looking for a bit more flexibility in their workforce. This won’t be the only major event in the next ten years, but freelancers are great at expecting the unexpected, so you should be all set for whatever the future holds.
If you liked this post, why not read: How much do you need to save for a pension if you are self-employed