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SpinDistribute.com Article Directory

The following article was published in our article directory on November 20, 2018.
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Great Options for Independent Consulting in the "Gig Economy"

Article Category: Business

Author Name: Theodore Henderson

Believe it or not, independent consulting in the "gig economy" can become quite a lucrative career move. However, don't think that it is a piece of cake .

The Growing Gig Economy
One study reported that independent workers nowadays make up about 30% of workers in both the US and the EU. That translates to roughly 162 million people. And the numbers are still growing as it would seem.
Some would say that this is all overhyped but the numbers don't lie. Independent consultants join the ranks of task workers, virtual assistants, freelance writers, and Uber drivers.
But one thing places consultants above the rest. And that has to do with the pay rates. Given their income and other factors, "Gig consultants" are said to be transforming the world of professional services.

Nods from Big Name Firms
Independent consultants no longer have to duke it out on their own to find leads . More firms are now giving their nods to consultants in more ways than one. For example, PwC launched what they called the Talent Exchange that acts as an intermediary.
Other companies are also setting up similar platforms. Project teams can get together through these platforms. It is definitely a huge statement that demonstrates the changing needs of different companies and an increasing demand for specialized skills and expertise.

The Benefit of Higher Wages
As stated earlier, one of the things that set independent consultants apart is the rates that they can demand to their clients. Note that other than the standard fare, these professionals also factor in the cost of benefits into the rates that they charge.
A 2016 study demonstrates that 75% of consultants make just the same amount or even more than what they earned in their previous employment. This means you do not sacrifice a high salary when you go for autonomy and flexibility.

Getting Hired Made Easy
Freelance platforms have made independent consulting in the "gig economy" more accessible . It has been said that being a consultant today has fast become a norm as a career choice.
Big companies today confess that hiring freelancers and independent professionals form the new talent base. However, according to one 2016 survey, 67% of companies are still limiting telecommuting and other home based professionals – but that is slowly changing at the moment.
Today, the consulting gig has become far more common with the help of online channels. Companies and professionals have better means of getting together and create ways for businesses to find and eventually hire professional contract workers.

A Soft Landing for Older and Retiring Professionals
The Gerontological Society of America submitted a report way back in 2013 that stated that around 60% of America's workforce tends to take a "bridge" job before retiring. That bridge job is usually as a consultant , which tends to put their long tested experience to good use.
This provides these pros a soft landing as it were before they eventually settle into retirement. This provides a great opportunity for everyone since the Baby Boomer generation today is nearing the age of retirement.

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