Beyond 9 to 5: Understanding the Freelancing Landscape

Workforce Revisited

One of the biggest shifts workplaces have noticed over the past years is how their workers are getting younger and older at the same time. According to McKinsey & Company’s 2025 forecast, 50% of the global population of Generation Zs & Millennials will come from the Asia-Pacific region. And in a 2021 report released by the United Nations Population Fund, it’s expected that by 2050, 1.3 billion people in the region will be over 60 years of age. With this polarizing shift in the workforce, it’s important to understand how workers are reshaping the future of work by prioritizing purpose, flexibility, and identity.

A Work in Progress

Automation has always been the goal for most companies. Aside from growth in revenue, it’s something that I (and most workers) commonly hear during strategic planning and general assemblies. It is expected that by 2030, the landscape of work has transitioned to the red economy, a working culture driven by automation, technology, and data. Digitization and artificial intelligence will harvest and translate social and economic data that will be executed by robotics through tasks that humans used to do. However, technology and automation will still rely on human expertise to make sure they’re up and running. This opens the possibility for companies to hire experts and employees through flexible working arrangements or freelancing contracts.

Freelancing is the Future

While the legislation lies in the hands of the politicians in the upcoming 2022 elections, freelancing opportunities will continue to come, and now is the best time to grab those chances and see what doors it will lead you to. In order to prepare yourself before getting into freelancing, you need to remember the principles of purpose, flexibility, and identity.

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