Current trends in part-time, freelance and consulting work might make these types of opportunities a good option for your long-term situation. This video will help you understand the number and type of freelance projects and part-time jobs that are available, and how to decide one of them might be right for you.
- If you were laid off from a full-time job, you're probably ready to jump right back into a search for another full-time job but there are other options out there, namely part-time and freelance work. These are great ways to supplement your income while you work to find a new full-time job but they can also become a permanent solution that works really well for you. So let's take a look at some of the trends of people who work part-time or freelance as their sole source of income and how that might work for you as a long term solution. First, let's dive into freelancing.
This area of work is growing rapidly. Right now, 34% of all US workers are freelancers but that number is expected to climb to 40% by 2020. Essentially, a freelance job is one where a person works for themselves, rather than for a company. While freelancers do take on contract work for companies, organizations, and government agencies, they are ultimately self-employed. Freelancing is a really wide ranging work area because it takes so many forms. You might also hear this type of work called contract work, or 1099 work.
That last one refers to the tax form that freelancers fill out when they start working for each client, a 1099 form. Freelancers can work part-time or full-time. You control the number of hours you're working, so it could be 15, 20, 30, 40, or more hours depending on what you decide to take on. Freelancers work on short term and long term projects and they may work with multiple clients or one client. Really, it's a career option that lets you design when, where, and with whom you work.
A huge variety of companies, organizations, and government agencies hire freelancers. I've seen listing for freelance teachers, software engineers, customer support reps, chemists, editors, attorneys, business analysts, fashion buyers, administrative assistants, and many others. But with freelance work, you're more or less starting your own business, even if you're the only one who's working for you. You're responsible for all of your business expenses, for invoicing, and collecting payments, and for doing your own taxes.
Most freelancers take on these added tasks because by freelancing, they gain a lot of control and freedom over their days. But, if you're not excited to become a self-employed freelancer, there's another option that may be right for your situation and that's professional part-time work. Part-time jobs hold the stigma that they're something that high schoolers do, babysitting, working retail, waiting tables, but if you're a professional with years of experience, there are a growing number of professional work options that involve part-time schedules.
So who's working part time right now? 12% of US workers are part-time by choice, according to the US Census. That means that they want to have part-time hours. But lots of people work more than one part-time job to reach full-time hours. In fact, the number of people working multiple part-time jobs has risen for the past decade, with about two million people working more than one part-time job. But how is it possible to work more than one part-time job without becoming completely overwhelmed? One of the best options is to find at least one part-time job that lets you work from home.
By eliminating commute times and work expenses like wardrobe, meals out, and gas money, you'll save yourself a lot of hassle as you juggle multiple part-time jobs. Some of the most common part-time work-from-home jobs include teachers and instructors in K through 12, and college level virtual classrooms, customer support representatives, recruitment and training professionals, writers, interpreters, and translators, and tele-health professionals like nurses, health coaches, and case managers. If you're considering either freelance projects or part-time jobs, you'll want to decide if they fit your situation.
So ask your self these questions. Are you comfortable with the uncertainty and the extra responsibilities that come with freelance jobs? And do you have the bandwidth and ability to juggle more than one client project, or part-time job, at a time? If you've answered yes to both questions, it sounds like freelance or part-time work may be a great fit for your situation.
- Dealing with job loss
- Taking classes and building skills
- Volunteering to fill resume gaps
- Searching and applying for jobs
- Writing a better resume and cover letter
- Interviewing for your first job after a layoff