What the Stark Rise in Freelancers & Independent Contractors in 2020 Means for Businesses

by | Jan 26, 2021

There’s no question that 2020 has been a difficult year in more ways than one. There has been an enormous shift in both the ways we are approaching certain types of work, and the quantities of certain types of workers. Company restructures have led to redundancies far and wide, and since these shifts, people have been analysing their own skill sets, learning new skills and positioning themselves as independent contractors and freelancers. 

Of course, the freelancer population was already well established before the coronavirus pandemic in 2020, but data has shown that the amount of people registered as ‘self employed’ since the crisis has skyrocketed. So, what does this mean for businesses?

The Freelancer Revolution

It’s been estimated that there are now over two million full-time freelancers in the UK alone, not including the millions more who registered as ‘self-employed’ during 2020’s fourth quarter. Of course, even more independent contractors and freelancers can be found across the world, so there’s practically no limit to what you can hire someone for, and where. Businesses looking to gain a competitive advantage in 2020 and beyond should certainly consider tapping into this global pool of  independent contractors and freelancers for the best chances of finding the right skill sets to realise their projects – and here’s why.

The Benefits of Optimising Your Temporary Workforce Strategy

Utilising freelancers and independent contractors is the future, and there are countless benefits to securing these workers in the current climate. Firstly, as previously mentioned, businesses have a much wider pool of talent to choose from, and can gain access to niche and business-critical skill sets on demand – more so now than ever, since there’s been such a significant increase in 2020. This means that the perfect candidate for your role has a much better chance of being found. 

Another benefit is of course the cost. If your business seeks guidance from a professional employment organisation, you will be able to see a significant decrease in your hiring costs, without having to compromise the quality of your workers or be exposed to risk. The influx of independent contractors we have seen in 2020 will play a part in this, as companies will be able to choose their candidates carefully, and on a global scale, to ensure they aren’t going over budget. Through a robust temporary workforce strategy, the engagement of talent can be optimised to eliminate risk and high cost.

It’s expected that the demand for independent contractors and freelancers will continue to increase in the coming years, and so implementing a temporary workforce strategy is an action businesses should seriously be considering now so they can become more competitive.  Secure the top talent before your competitors (without high costs and risk) and leave the administration and compliance to our experienced engagement team at Constellation Global!

How To Get Started

To begin your transition to optimising your temporary workforce, you need to seek the support and guidance of a global professional employment organisation like Constellation Global.  This will allow you to focus on what really matters – the growth and sustainability of your company – while we remove the risks associated with managing a temporary workforce, manage compliance, facilitate access to the best talent globally and reduce costs.  

We can help you engage the highest quality independent contractors and freelancers for your temporary workforce, no matter where in the world you or they are based. Our compliant and efficient service will be sure to leave you with not only more time on your hands, but also a brilliant workforce and an enviable position ahead of your competitors. 

Want to make the best start to your global hiring journey or improve your current strategy? With Constellation Global on your side, you can rest assured that you’re securing quality candidates, eliminating risks and cutting costs. There’s no better organisation to trust with your talent engagement. 

Contact Constellation Global, The Professional Employment Organisation That Can Help You Go Global

+44 (0) 20 7148 0206