As the popularity of contract employment rises in countries like Australia and the United States, so does the need for short-term office space for independent contractors.
Employment Independence and Stable Employment
My parents’ generation stressed the importance of getting a solid job with a financial institution or the government so that one could retire comfortably.
In today’s economy, Generation X members can never be sure of their employment status. They have to wonder if the bank that is paying them such high wages will still be in business next year, given the current state of the global financial system.
With the ever-evolving nature of the business and job market, risk management is crucial for businesses and independent workers alike. In order to put innovative ideas to the test, businesses often sign short-term contracts with workers, vendors, and even physical locations. As a result, rented office space with services included becomes a highly appealing option.
Freelancing Sees a Huge Uptick
Putting up a steady paycheck to work as a consultant on your own terms can be both liberating and terrifying. If you’re self-employed, you get to pick your own hours, decide how much work to take on, and decide whether or not to put in any effort at all on any given day. Fees per hour of labour require you to plan ahead for things like health insurance, holidays, and sick days.
Sara Horowitz, writing for Reuters, likened the recent surge in contract work to a new industrial revolution and advocated for the establishment of a new safety net support system for self-employed people to provide them with the same safety guarantees as those provided by traditional employment.
Outsourcing
Several blogs provide guidance on how to quit your job and live independently. While this may seem like a fair trade, if you swap one boss for seven clients, you may end up attracting seven new bosses.
Some of them may be quite slow to pay bills and could care less that you have to pay your rent at the end of the month.
The proliferation of job-listing websites like Elance, 99designs, and Fiverr has fueled the rise of the freelance economy. Employers can find fast technical support through these sites without taking on the costs and risks of a full-time staff. The advantages for the job seeker are that they may browse many different work offers and that they can rest comfortable that they will be paid because of their escrow account system.
According to Wikipedia, the United States and the United Kingdom account for half of all outsourced job offers, while the countries of the Philippines, India, Pakistan, and Bangladesh each provide a quarter of the contract workers. A little over 10% of freelancers call the United States home.
Establishing more businesses from one’s own home
According to In-Stat, a digital trends research organisation, the number of smartphones purchased by small businesses and freelancers will rise by more than 44% between 2010 and 2015. There is no official tally of freelancers in the United States because this sector is no longer included in official statistics. In spite of this, In-Stat predicted that by 2008, the number of full-time home office workers would exceed 14 million. It’s a sizable industry all on its own.
Space for Temporary Use as an Office
Working independently gives you the flexibility to conduct business anywhere you like, be it at home, in a coffee shop, or at a client’s location. If you are looking for temporary office space in Perth for a contract lasting a few months, we would be happy to provide you with our serviced office. To help you establish a “virtual presence,” we are happy to provide you with our mailing and postal service address.
Possibilities of the Freelance Economy
The rise of self-employment is an unmistakable trend. Many industries, such as those providing mobile devices, communication technology, home office equipment, serviced offices, and temporary office space, stand to gain from the rising demand from entrepreneurs operating from their living rooms.
