4 Reasons to Consider a Freelance Management Career
Freelancing, once the province of creatives and people between jobs, is now big business. The Australian economy hosts 4.1 million freelancers, almost a third of its working population. Millennials, in particular, are likely to freelance, and it seems clear that working for yourself is gaining respect as a legitimate choice across fields. Perhaps even more intriguingly, there is a macro shift amongst professionals choosing to freelance, either instead of a full time role or in addition to it. Specialised platforms host management consultants and finance experts who can be hired for specific projects by companies who don’t need a full time staffer on their books. Could your career benefit from freelance roles? There are a few compelling reasons why that might be the case.
1. It offers the chance to work on your own terms
Don’t want to work full time? Take the jobs that allow you to set your own hours. Dislike long meetings where little gets done? Don’t go to them! For many people, the chance to avoid corporate cultural practices is compelling enough to forgo the security of showing up to the same place every day.
2. It pays well
Expert360, a consulting platform for professionals, estimates that the average daily rate for a consultant is $1500. Of course, there are no paid leave days for a freelancer, and it may not be as secure as a full-time position, but it’s still a very attractive option for someone whose skills are in high demand.
3. It expands your horizons
You can do the same thing every day, or you can experience a range of projects in a variety of company cultures. Not only will the work vary and present you with ongoing challenges, but you’ll meet a vast array of people and learn different management skills as you go. As remote working arrangements become more accepted, your client base isn’t even limited to your own city or country.
4. It can offer job security
This seems deeply anti-intuitive, because a freelance worker has no redundancy entitlement or industrial protection if a client ceases to use them. However, diversity is a strength. If you’re employed by a company, all of your eggs are in one basket. If they no longer require your services, you may receive a payout (if you’re lucky) but then you’re on the job market searching for an equivalent. As a freelancer, you typically have a number of different clients who may hire you on a regular or irregular basis – if one of them folds, you’ve still got the rest of your portfolio available to you.
With the global trend in human capital swinging towards freelance models for knowledge and management experts, have you considered an freelance management career?
This article was written by Tanya Ashworth-Keppel on behalf of the Australian Institute of Business. All opinions are that of the writer and do not necessarily reflect the opinion of AIB. The following sources were used to compile this article: Deloitte University Press, news.com.au, Sydney Morning Herald.