• Hollywood and the Future of Work
    future of work

    Imagine you’re sitting in your corner office looking over strategy and product development for the next 12 to 18 months. Surrounding you are your CXO team, as well as, a host of executive level project managers. The remainder of your staff and management is made up of on-demand workers collaborating on a project by project basis on discrete time tables with fixed budgets. This is the future of work. Does this sound fantastical, too futuristic or downright crazy? This type of organization already exists … and it’s responsible for producing a variety of projects grossing billions of dollars on a

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  • Changing the Employment Paradigm

    Changing the Employment Paradigm, the New Definition of Entrepreneur Since our country’s inception, American entrepreneurs have played a major role in driving U.S. economic growth and success. You have only to watch ABC’s reality show Shark Tank to realize that America’s entrepreneurial spirit is as strong today as ever. But as noted in our previous post, changes in the U.S. employment paradigm are about to swell the ranks of the country’s entrepreneurial community with a new class of entrepreneurs that are taking on the challenges and risks of managing their own business less by choice than by necessity. For these

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  • Freelancing- Is It Right for You? (Infographic)

    Many experts are calling freelancing the job of the future and say that the U.S. is moving toward a primarily freelance work force, but how do you know if Freelancing Right for You. The 42 million Americans already working as freelancers currently comprise about a quarter of the U.S. work force. By the end of the next decade, experts predict that as much as 50% of the U.S. workforce could be freelance contract workers and telecommuters. The benefits of being your own boss appeal to many people who choose freelance professional jobs over working 9-to-5 in a traditional office setting, but the

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  • How College Grads Can Develop Work Experience
    College Grads Can Develop Work Experience

    Employers are looking for more than a college degree when they shop for job candidates these days. So how can College Grads Can Develop Work Experience they need to compete in this competitive market? As we noted in a previous post, obtaining a college degree no longer guarantees the high-paying jobs it used to. Entry level salaries for college grads have been down-trending over the past decade during which grads have seem their earnings drop 13%. While many blame the economy, the problem is more complex. College tuitions have been rising at unprecedented rates, but employers complain that graduates are arriving in the

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  • Productivity Hacks For Freelancers

    Freelancing can be one of the most rewarding professions — you’re your own boss and have the freedom to schedule your own day.
    But freedom does have its pitfalls, which is why many freelancers struggle to maintain the productivity they need to excel at the job.

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  • Should You BE Afraid Of The Freelance Economy?

    The American dream has always been about independence. But as more Americans earn their living in one-person businesses, economists such as Robert Reich and Larry Summers are getting worried about what it means for so many people to fly solo. Reich tackled the demise of the traditional job and the growth of what government officials […]

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  • 5 Ways HR Can Remain Relevant in the Freelance Economy

    By Jason Averbrook The strategic use of freelance talent will gain momentum as processes emerge to help organizations shop for workers with specific skill sets.

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  • Will Freelancers Take Over From Full-Time Employees?

    A popular topic of discussion around the freelancer economy is the idea of full time employment disappearing. In other words, is it realistic to think that in the near future everyone is going to be a freelancer and we won’t have any full time employees anymore?  […]

    Sourced through Scoop.it from: www.forbes.com

    I believe many people are confused about the #futureofwork and what it means for companies to rely heavily on a fluid workforce that allows them to minimize their cost and maximize their nimbleness or nimble response to markets and circumstances that their company faces. The most interesting aspect of this is how they will interface with freelancers, contract workers, knowledge workers and gig workers

    Taking a note from the film industry where massive multi-million dollar projects pop-up run for a few months to year and then disband, I believe this will be the similarity between traditional business and the new contract worker economy.

    In the evolution of the future work the HR department will not be the mundane “simply hire them and fire them” department but rather more like a talent agency within the organization to find and manage the right people to get projects done quickly and efficiently. Imagine a manager is assigned to develop and distribute a new product. Rather than turn to a bunch of stationary employees sitting in cubicles 9 to 5 to get the job done he determines the types of expertise and skills he needs and sends a request to his human resource contact. His HR rep utilizes a marketplace of expertise to find both known and unknown experts within budget and that are rated highly to join the team for the duration of the project. The HR rep acts as a talent agent fielding requests for expertise and filling those needs across the organization using marketplace tactics. What’s the end result? The organization quickly scales up and down to deal with new opportunities and threats while minimizing their cost and overhead for unnecessary labor.

    Experts can and will maximize their income by working many and varied projects simultaneously or sequentially depending on their preference. Ratings and recommendations will be merit-based and efficient which can maximize a contract workers income in the next job/project search.

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  • Why Do People Become Freelancers?

    “Intuit projects that by 2020 40% of Americans will be freelancing, a study by the Freelancers Union found that 34% of the American workforce is already freelancing, and MBO Partners found that there are currently almost 18 million full-time independent workers today. Clearly something big is happening here and this trend […]

    Sourced through Scoop.it from: www.forbes.com

    There are many reasons that someone decides to become a “freelancer” ( I hate that word because it lumps unskilled labor, skilled and knowledge workers in to the same basket). in his article & video Jacob Morgan (@jacobm) asks Why does someone become a Freelancer? I thought I’d add my $.02 …

    Jacob, these are all good points you make about the benefits of becoming a freelancer, but I think that you are dead on when you talk about the reason someone becomes a freelancer is because of some significant event in their life, either they got laid off, software ate their job or they could never find a job that suited them… usually because they were unwilling to relocate to where the jobs were. In my case it was 9/11. I was working in NYC on September 11th for a mega-financial institution in the tech division. Many of the executive IT from many of the financial services IT departments were at a conference at Windows of the World in Tower 1 when the attacks started I only made it as far as Times Square. The result, the IT departments were left leaderless and to compound things a few months later the company restructured and most of the IT division was laid off. So what I saw was some of the best and brightest laid off due to tragedy, corporate politics and opportunism.

    All the wasted productivity and expertise tossed out made me feel there had to be a better way. We started experimenting with the on demand economy and after some successes and failures decided that the future was not to focus on the “gig economy” for all of the issues you see now; labor issues around categorizing workers and squeezing the freelancers on fees. Rather, we built an Expertise Marketplace called Zoondy to take the lost productivity and expertise of knowledge workers and put them in a peer-to-peer market to sell their expertise and experience to companies and individuals that need it.

     So in the end it wasn’t just about becoming a freelancer to was about building an ecosystem that was designed to go far beyond gig workers and skilled tradesmen. A place where you would be comfortable selling YOUR expertise. I think that it is great that you leverage your time and energy by outsourcing your design work, laundry pick up and your assistant. But I would have to believe that you recognize that it will take different types of “talent” marketplaces (unkilled/gig, skilled and knowledge workers) if the economy is going to truly transition into its full potential in the #Futureofwork

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  • Freelancing is a Dirty Word!

    VideoNext week I will be keynoting the Staffing Industry Analysts Conference and the focus of my talk is going to be the freelancer economy. This is perhaps one of the most exciting and impactful trends that is going to disrupt organizations over the next few years. Today it’s estimated (according to the […]

    Sourced through Scoop.it from: www.forbes.com

    Jacob really has his finger on the pulse of the “future of Work” and it is a great article/video series. However, what we need to start discussing is the definition of what the word freelancer really means. In many instances Freelancers or everyone that is “freelancing” is somehow lumped into an unskilled or semi-skilled position

    and freelancers are thought of as an unskilled or semiskilled individual to be taken advantage of by Large corporations like Uber or task rabbit or a low paid creative like a designer or website builder that you can hire for $99.

    However there is a level of “freelancer” that should be thought of more as a individual entrepreneur or a highly skilled “hired gun” with expertise earned from years of experience in the very trenches of the business world. Lumping them into the same category as unskilled workers performing tasks on demand is neither fair nor true.

    What we need is a new definition of individuals who sell their expertise at fair market value to corporations/companies/individuals that can afford it.

    Imagine being able to hire the very brightest and best experts to help your business on a particular project or deal with the crisis simply by clicking a button on your smartphone. Fully vetted experts ready to work for you in a moments notice. How fast could your business ? In the past companies spent millions of dollars hiring big consulting firms to come in and throw freshly minted MBAs at systemic business problems. Consulting was a luxury good only to be afforded by the wealthiest corporations. In the end the CEO would get a voluminous document paid for with hundreds of hours of time that he could then take to the board and throw down on the table to support his particular business strategy regardless of whether it was driving the company into the ground or not.

     The world is changing and hiring full time employees that sit idle for a good portion of their working lives is neither practical nor necessary any longer. The skills you need as a business owner are to hire only the barest minimum of full time workers to run the infrastructure of your business while hiring experts as needed to complete the projects you need.

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