Top 10 challenges faced by freelancers and their solution

Freelancer

The growth of freelance workforce is on the rise across the globe. According to this report, there are 53 million Americans (which is 34% of the working population) are freelancing. Many experts have already predicted that this trend is going to go upwards here onward. It is exciting to observe a large number of talented folks moving towards freelance work model for utilization of their skills.

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The Power of Choice for all talented folks across the globe is here.

Power of Choice

Global talent pool is growing every year and it is fascinating to see the trends in this area. According to this report from OECD, the number of tertiary educated young people between the age of 25 and 34 in OECD and G20 countries has grown nearly 45% in the past decade. The report also mentions that G20 countries like Argentina, Brazil, China, India, Indonesia, the Russian Federation, Saudi Arabia and South Africa were the main drivers of the global growth in the last decade. Another major highlight of this report is the distribution of talent according to the field. It is estimated that by 2030, China and India will account for more than 60% of the OECD and G20 graduates in fields of science, engineering, technology, and mathematics.

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Why the sharing economy is a blessing for entrepreneurs?

Entrepreneurs

The concepts of sharing economy and collaborative consumption have taken the entrepreneurial world by storm in the past few years. There are huge developments happening in this area, and the number of startups popping up under this umbrella is increasing day by day. According to this report, there are 17 billion dollar companies with 60,000 employees and $15 billion in funding in this space.

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Your best asset for today’s sharing economy- Your Knowledge

Knowledge The sharing economy is proving to be a huge driver of economic growth and productivity across the globe, by allowing many of us to use our assets and leverage them to our benefit financially. There are several ventures across the globe operating in the sharing economy business model. Our most favorite ones are Uber and Airbnb. They have allowed millions of people to leverage their existing homes and cars to make money for themselves, and to make lives much easier for others. But what if you don’t have an inactive asset like a home or a car to leverage, and you want to enhance your income? How do you participate in the sharing economy? Your best asset which you can leverage in today’s sharing economy is your knowledge. You might wonder what do we mean by that? Lets go through some statistics first. According to a 2014 study conducted by Edelman Berland:

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Digital disruption in talent sourcing market- A QuantumFly View

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As we are in the space of knowledge sourcing, our research on job markets and global economies is relentless. It so happened that we came across this amazing report: A Labor Market that works: Connecting Talent with opportunity in the Digital Age by McKinsey Global Institute (Click here to know more about the institute). This report throws deep insights into the effect online talent platforms can bring on labor markets across globe.

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