The freelancer market is rapidly growing in today's dynamic work environment. Even before the COVID-19 pandemic and the resulting restrictions on workers' mobility, freelancing was touted as one of the fastest-growing employment sectors globally. The reasons for its popularity are simple: the numerous benefits it offers to both businesses and workers. Let's delve into the key aspects of this thriving market.
1. The Growth of the Freelancer Market
The economic challenges of 2020 and the rise of remote work contributed to a significant increase in the number of global workers taking on freelance work. Companies felt pressured to complete their digital transformation to survive, resulting in the digitization of processes and the hiring of highly skilled professionals.
As a consequence, the global freelance market has grown considerably, surpassing all estimates. In fact, recent statistics indicate that it represented 35% of the global workforce last year alone. Moreover, projections for 2021 suggest there will be an estimated 1.1 billion freelancers worldwide.
2. Why Companies Prefer Hiring Freelancers
Companies are witnessing a consistent shift in the labor market, with a growing preference for hiring freelancers over full-time employees.
The appeal of freelancers to corporations can be attributed to several factors. Let's explore the reasons behind this trend.
Cost-effectiveness – If you can't build skills, borrow them
Traditional full-time employees entail additional costs for companies, such as training, benefits, health insurance, and paid time off. On the other hand, freelancers do not require extensive training or equipment, significantly reducing additional expenses for the hiring company. Furthermore, freelancers can work remotely, eliminating the need for dedicated office space.
Specialized skills and expertise
Freelancers typically possess excellent expertise in multiple areas, allowing companies to rely on highly skilled and experienced workers without the need for extensive training. Moreover, freelancers can work independently, delivering high-quality results based on their past work portfolio. This guarantees both quality and high productivity standards.
Time-saving
Companies can save valuable time by hiring freelancers with specific skill sets tailored to their needs. Unlike the lengthy process of hiring a full-time employee, which involves posting job offers, reviewing resumes, and conducting numerous interviews, hiring a freelancer can bypass these steps entirely.
Flexible Schedule of Freelancers
Freelancers offer exceptional flexibility when it comes to their schedule. They are available 24/7, capable of handling urgent and last-minute tasks, making them an excellent choice for meeting approaching deadlines.
Fresh Mind
Freelancers bring broad experience from working with diverse individuals and companies over the years. Collaborating with a freelancer means benefiting from someone with a different background and mindset, injecting fresh ideas into your company.
3. Subul: Connecting Businesses with Exceptional Freelancers
Introducing Subul, a leading platform connecting over 500 freelancers with international companies. Our platform offers a diverse range of freelancers across various skills, ensuring that businesses of any size or budget can find the perfect match. Here are five compelling reasons why companies should hire freelancers through Subul:
Competitive Price
Subul provides competitive pricing options, catering to different budget requirements. Our platform allows businesses to access top freelancers without breaking the bank.
Skills and Professionalism
Our freelancers are professionals with years of expertise. They have undergone vocational training at the Maharat Academy, which equips Syrian women, men, and disabled persons in Syria and Turkey with competitive ICT skills. This specialized training ensures that our freelancers possess the necessary skills and professionalism to deliver exceptional results. Additionally, we consistently monitor our freelancers to maintain high performance and standards.
Achievements and Transparency
In 2020, Subul successfully established partnerships with over 25 clients in Europe and the United States, executing more than 75 outsourcing projects and generating over 91,000 euros in revenue. Through Subul, we have trained and provided job opportunities for more than 240 Syrians in Turkey and Syria, making a tangible impact on their lives.
Subul and the SDGs
Subul actively contributes to Sustainable Development Goal 8, focusing on decent work and economic growth. By leveraging the online freelancing platform, we help vulnerable populations access sustainable employment and uplift local economies. Our solution empowers freelancers, especially youth and women, by offering employment opportunities outside of Syria, thereby addressing livelihood indicators and fostering economic stability.
Gender Equality
Subul is committed to promoting gender equality, particularly in the MENA region, where women are underrepresented in ICT and face limited career opportunities. We actively empower women and girls in Syria by connecting them with international employers through our platform. By offering home-based work options and flexible scheduling, we enable Syrian refugee women to participate in the freelancing market, fostering greater gender parity in the workforce.
At Subul, we pride ourselves on ensuring total gender parity in every freelancing team for every project we undertake. By championing diversity and inclusivity, we create an environment that embraces the strengths and perspectives of all our freelancers.
Conclusion
The freelancer market continues to experience rapid growth, providing numerous benefits for both businesses and workers. Companies are increasingly turning to freelancers to meet their work demands due to the advantages they offer, such as cost-effectiveness, specialized skills, time-saving, flexibility, and fresh perspectives. Platforms like Subul play a vital role in connecting businesses with exceptional freelancers, enabling companies to access talent from around the world. Embracing the freelancer market can lead to increased efficiency, innovation, and competitiveness in today's evolving business landscape.
FAQ
How does hiring freelancers benefit businesses?
Hiring freelancers offers several benefits for businesses. Firstly, it is cost-effective as companies save on expenses like training, benefits, and office space.
Freelancers bring specialized skills and expertise, allowing companies to access highly skilled professionals without investing in extensive training.
Additionally, freelancers offer flexibility and can be hired on a project basis, reducing time spent on recruitment. Overall, hiring freelancers enables businesses to efficiently meet their work demands while maximizing cost savings.
Are freelancers reliable and professional?
Yes, freelancers are known for their reliability and professionalism. They are motivated to deliver high-quality work as their reputation and future job opportunities depend on it.
Freelancers often have a strong work ethic, as their success relies on maintaining positive client relationships and securing ongoing projects.
Platforms like Subul ensure the professionalism of freelancers by conducting rigorous screening processes and providing continuous monitoring.
How can businesses find the right freelancers for their projects?
Platforms like Subul simplify the process of finding the right freelancers for specific projects.
By offering a diverse pool of freelancers with varying skills and expertise, businesses can easily browse through profiles, review past work portfolios, and select freelancers who best match their project requirements.
Additionally, platforms often provide ratings and reviews from previous clients, helping businesses assess the reliability and quality of freelancers.
What safeguards are in place to protect the interests of businesses when hiring freelancers?
Platforms like Subul prioritize the protection of businesses' interests when hiring freelancers.
They often facilitate secure payment processes, ensuring that freelancers are compensated for their work only upon satisfactory completion of projects.
Furthermore, platforms may offer dispute resolution mechanisms to address any conflicts that may arise during the project. It is crucial for businesses to clarify expectations, deliverables, and timelines with freelancers upfront to mitigate potential issues.
Can freelancers work on confidential projects?
Yes, freelancers are accustomed to working on confidential projects.
They understand the importance of maintaining client confidentiality and are typically willing to sign non-disclosure agreements (NDAs) to protect sensitive information.
Businesses can communicate their confidentiality requirements to freelancers and ensure that the necessary measures are in place to safeguard proprietary information throughout the project duration.
