New business methods and changes in technology are rapidly transforming the way many government contractors operate, including how and where people work. A key example is the wider adoption of remote work and greater use of freelancing services which have accelerated in the wake of the COVID-19 pandemic. In the future of work, competitive advantages go to those who recognize this trend and adopt the effective use of freelance services into their business planning. The future is now!
The commercial sector’s increasing use of freelancers through online marketplaces provides insight which will prove helpful to government contractors. According to Upwork, here are some key highlights of their findings:
Fifty nine (59) million Americans performed freelance work while contributing $1.2 trillion to the U.S. economy in the past 12 months, according to Upwork’s September report “Freelance Forward 2020.”
During the past 12 months, 2 million additional freelancers have entered the marketplace, which now represents 36% of the U.S. workforce.
Freelancers are increasingly highly skilled with 50% providing services such as “computer programming, marketing, IT and business consulting, up from 45% in 2019.”
Companies are finding that freelancing professionals can “strategically flex” to provide new skills and capacity on demand. Many professionals are increasingly choosing freelancing full time or to augment their income.
Young adults are turning to freelancing for economic opportunity in a difficult job market for recent college grads. Half of the Gen Z (age 18-22) freelanced in the past year.
For an in-depth view of Upwork’s highly professional analysis and report please see:
The evolving scope, composition and capabilities of the freelance workforce create new options for government contractors to create competitive advantages. For those seeking flexible options to find skilled professionals for short term, intermediate or even long term assignments, the most effective way to search for and identify top talent is through the use of online marketplaces.
The dramatic growth in the use of freelancers presents opportunities for government contractors seeking the advantages of adopting commercial methods already proven to be effective in the acquisition of billions of dollars in services. Remember though that like any effective marketplace the rule is “first come – first served.”