The Profits Have Spoken: Five Online Work Predictions For 2013e_darrellj | Dec 13, 2012
After meticulously poring over a year’s worth of impressive freelancer profit figures (and other industry statistics and trends – from the skyrocketing rise of companies posting jobs online to the public policy advocated by President Obama), Elance has pulled out its crystal ball.
What follows are five highly-educated predictions for the year 2013.
1. “Services” hiring will double online in 2013.
Although technology jobs continue to surge, the single-largest percent increase will be in the service industries – as the traditional “creative agency” model moves to online workers. We first got wind of this as the demand for creative talent skyrocketed 58% from last year. Ditto for other service jobs, such as legal (up 176%) and accounting (up 88%).
2. 1 in 4 university students will work online in 2013.
Freelancing is the new normal for students as they discover how online jobs are more lucrative and rewarding than flipping burgers. While building experience, many continue freelancing after graduation as they earn a stable living while traveling and enjoying life. The Elance Freelance Talent Report shows that millennial freelancers on the site jumped from 26% to 47% in the past year.
3. The number of full-time employees who quit and turn to freelance will triple in 2013.
Lack of healthcare is a concern for freelancers. If ObamaCare happens, more U.S. workers will grab their affordable healthcare and run-not-walk to full-time freelance work. ObamaCare will also be a boon for companies, as they reduce the burden of rising healthcare costs for employees.
4. Unemployment figures will be overstated by 5% in 2013.
The economy isn’t as bad as it appears. Those unemployed (and underemployed) are increasingly going online to earn money – and many of those jobs won’t be reported in 2013 employment figures. This new online work will be fueled by the business world’s growing trend to hire “on demand” (this “on demand” trend is echoed in the consumer world too, exemplified by ZipCar and Airbnb).
5. Companies of all sizes will hire twice as many online workers in 2013.
With cost savings, faster time-to-hire, access to top talent not locally available, and a better product delivered, 85% of small business report in the Elance Global Business Survey that hiring online offers a competitive advantage. In 2013 enterprise companies will increasingly realize these benefits, and in turn they’ll hire more and more virtual teams as an extension of their onsite staff.
Not a bad outlook for the year ahead, eh? In the words of Elance CEO Fabio Rosati, “When you pair the online freelance category’s fundamentals with recent trends on Elance, it’s clear that online work is primed for explosive growth in 2013.”
If you’re an Elancer, it’s a pretty picture. And if you want an even prettier picture (literally), view this eye-catching infographic we created, outlining even more details of these “prophesies.” So get ready to turn your calendar to 2013 and enjoy a fantastic year. And yes, if you go by the Elance Calendar as most of us do, you’ll notice that 2013 is officially the “Year of the Freelancer.”