Future of Work - Giving Superpowers to Freelancers
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The document discusses the future of work, particularly focusing on the rise of freelancers and the changing nature of employment. It predicts that by 2027, freelancers will constitute the majority of the U.S. workforce, driven by increased autonomy, flexibility, and the gig economy's growth. The document also highlights the importance of adapting to new work patterns and the skills required in this evolving landscape.
![1. Full-Time Freelancers
[40% of all EU freelancers]
Traditional freelancers who derive their primary
income from independent work and do not have
an employer nor employees.
E.g. A freelance chiropractor in a private practice.
2. Part-Time Freelancers (Moonlighters)
[45% of all EU freelancers]
Individuals with multiple sources of income
from a mix of traditional employer and
freelance work.
E.g. A freelance professor who also gives online
paid speeches and writes/sells an e-book.
3. Temporary Freelancers
[10% of all EU freelancers]
Individuals with a single employer, client, job, or
contract project where their employment status
is temporary.
E.g. A freelance consultant working for one client
on a contract basis for a month-long project.
4. Freelance Business Owners
[5% of all EU freelancers]
Freelancers who provide their services through
a limited company rather than as a solo trader.
E.g. A freelance social marketing guru with her
own one-person company.
Segmentation](https://image.slidesharecdn.com/marcotorregrossafutureofworkaaltouniversity-181016184854/85/Future-of-Work-Giving-Superpowers-to-Freelancers-10-320.jpg)
Future of Work - Giving Superpowers to Freelancers
- 1. The #FutureOfWork … Giving Superpowers to Freelancers Aalto University, Helsinki 16/10/2018
- 2. A Modern Corporate Management Guide … or Ancient Classified CIA Document?
- 3. Source: Central Intelligence Agency (CIA), The “Simple Sabotage Field Manual,” 1944 declassified in 2008.
- 4. The New York City’s subway system has reported in April 2017 that, for the first time in 30 years: growth was strongest outside of the traditional morning and evening rush hours The Rush Hour is Gone … this is because people are ditching the conventional commute to a 9-to-5 job, so they can live and work differently.
- 7. Predictions for the Future of Independent Work | MBO Partners, 2016 In 2027 Freelancers will be Making History 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 35.8% 39.89% 44.2% 50.9% Non-Freelancers Freelancers Expected% of U.S. Workforce that freelances 2027: Expected year When Majority of the U.S. Workforce is a freelancer 102.7 101.3 99.7 98.1 96.3 94.5 92.5 90.4 88.2 85.9 83.4 80.8 90.1 83.0 79.6 76.4 73.370.4 67.6 64.8 62.2 59.357.3 86.5
- 8. Type Contract Length Place Protection Employee Open-ended Decades In-house Linked to premises Subcontractor Temporary Years Out-house Linked to status Freelancer Self-employed Months/Days Home/Cowor- king space Linked to individual Tasker On demand Hours/ Minutes Platforms To be invented Adapted from Thomas Malone | The spectrum of jobs The Shortening of Work
- 9. A high degree of autonomy They exercise control over their workload and portfolio, giving them a greater degree of flexibility than employees. Payment by task, assignment, or sales They are paid for their output – the completion of a project, rather than their input – number of hours worked. Taking on business risk They take responsibility for their finance, social security and tax responsibilities. How to Spot a Freelancer Short-term relationship with clients They can begin to work immediately without infrastructures, funding, a business plan and often learn business skills as they go. Measuring growth in unconventional ways They want to keep their business at a manageable size, balancing income generation with creativity, freedom, self- reliance and well-being.
- 10. 1. Full-Time Freelancers [40% of all EU freelancers] Traditional freelancers who derive their primary income from independent work and do not have an employer nor employees. E.g. A freelance chiropractor in a private practice. 2. Part-Time Freelancers (Moonlighters) [45% of all EU freelancers] Individuals with multiple sources of income from a mix of traditional employer and freelance work. E.g. A freelance professor who also gives online paid speeches and writes/sells an e-book. 3. Temporary Freelancers [10% of all EU freelancers] Individuals with a single employer, client, job, or contract project where their employment status is temporary. E.g. A freelance consultant working for one client on a contract basis for a month-long project. 4. Freelance Business Owners [5% of all EU freelancers] Freelancers who provide their services through a limited company rather than as a solo trader. E.g. A freelance social marketing guru with her own one-person company. Segmentation
- 14. 110.900 highly skilled own account workers (Q1 2018) 3,2% of the active adult working population Largest sectors: 32,2% professional, scientific and technical (eg IT) followed by 17,4% human health and social work In Finland?
- 15. “I offered Richard the service of my free lances, and he refused them—I will lead them to hull, seize on shipping, and embark for Flanders; thanks to the bustling times, a man of action will always find employment”. - Sir Walter Scott in Ivanhoé (1820)
- 16. Consultants PR/Marketing prof. IT prof. Journalists/Cartoonists Real estate prof. Artists Translators/Interpreters Magicians Football players Top models Headhunters Editors Interior designers Meteorologists Virtual assistants Therapists Social workers Detectives Fitness trainers Photographers Social media prof. Exotic dancers Actors/Film Makers Game developers Bloggers Opera singers Tour guides Fortune Tellers Buskers Yoga instructors Landscape Gardeners Personal coaches Senior carers/Nannies Chiropractors Web developers Bitcoin miners Examples of Freelancers
- 17. freelancer employee unemployed employed amateur professional consumer producer c user provider Sliding Roles c c c
- 18. Admin burdens Access to finance Digital infrastruc- tures Crossbord- er work Social security Missclass- ificationLate payments Upskilling Procurement rules Microbiz support Prof. qualifications recognition Tax & VAT Work-life balance Proper counting Gig economy Recognition & definition Coworking support Issues Affecting Freelancers
- 20. Globalisation Faster lifestyles Technological revolution Demographic changes Increased mobility Development of the service sector New production patterns Online platforms Eroding brand and employer loyalties Need for specialised ad hoc skills Cost effective online advertising Access to better infrastructures Megatrends in the Future of Work
- 21. Giving Superpowers to Freelancers Nick Grossman (@nickgrossman) - Solving the on-demand economy’s 1099 problem
- 22. • Understand lifetime employment belongs to the past -> Operate like a self-contained small business • You’ll probably never get a promotion -> Map out your own career trajectories • You’ll be in school for the rest of your life -> Develop differentiated skills to avoid the low-wage generalist pool • The days of the boss are numbered, but you’ll be on your own -> Learn self-management and foresight to prepare for highs and lows in earnings • Robots aren’t (probably) taking over -> Forget artificial intelligence, learn emotional intelligence Your To Do List
- 23. What Did You Want to Become … When You Were 10?
- 24. Skills which are Mostly on Demand Today … did not even exist yesterday and probably won’t exist tomorrow
- 26. 84% of executives believe that most great people, ideas, and capabilities lie outside the walls of their company (Catalant 2016 CHRO Survey)) €10 trillion in GDP will be lost because companies cannot fill the jobs available (Boston Consulting Group)
- 28. What Would Happen to Our Cities … if we all were freelancers
- 30. “There are laws for people and laws for businesses, but we are a new category, a third category … people as businesses.” - Brian Chesky, CEO Airbnb “My father had one job in his life, I've had six in mine, my kids will have six at the same time.” - Robin Chase, CEO Zipcar
- 31. We all know, that the world's largest taxi firm, Uber, owns no cars. The world's most popular media company, Facebook, creates no content. The world’s largest accommodation provider, Airbnb, owns no property. But How many of you have thought that … within 5-10 years the world’s largest organization may have no employees? - Janne Ruohisto, CEO Intunex
- 35. • Simple Sabotage Field Manual, Central Intelligence Agency, 1944. Understanding Independent Professionals in the EU, Lorence Nye and Kayte Jenkins, June 2016. • Freelancing in America, Freelancers Union and Upwork report, 2015. • Predictions for the Future of Independent Work, MBO Partners, 2016. • How do the staffing needs of companies evolve?, Denis Pennel. Ciett Managing Director presentation at ILO ITC, 2nd November 2015. • The Future of Work: Skills and Resilience for a World of Change, European Political Strategy Centre, 10 June 2016. • Future of Work White Paper, World Employment Confederation, September 2016. • Independent work: Choice, necessity, and the gig economy, McKinsey Global Report, October 2016. • Platform Labour or Crowdsourcing, Prof. Ursula Huws, 2015. • The State of Contingent Workforce Management: The 2014-2015 Guidebook for Managing Non-Traditional Talent, Ardent Partners, 2015. • The Role of Freelancers in the 21st Century British Economy, Prof. Andrew Burke, 2012. • Illustrations, Igor Kalashnikov for BrightSide.me • Jeremiah Owyang, Keynote on Slideshare: The Collaborative Economy. • The City of The Future (animation) and Quarterly Skills Index Q1 2018, Upwork. Sources