Why are Millenials Flocking to the Freelance Lifestyle?

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For years, the American dream of having a job has been defined as a 9 to 5 for five or six days a week.

The 21st century though, may soon be putting an end to this stigma of the office workplace and are creating their own new trends. Freelancing and self-employment is on the rise amongst Millenials and is showing no signs of slowing down.

The Freelance Trend

For as long as we can remember, money and the hope of making more of it was the only driving force needed for keeping an employee happy and producing high quality work. The Millennial workforce however has a much different list of wants and demands of flexible schedule, financial security, and a position that has tasks that are constantly evolving.

Studies show that 60 percent of Millenials are leaving their current place of employment in less than three years: a number that isn’t anywhere near the more traditional workforce that would stay at the same company for 30 to 40.

The trend for success used to be that you needed to put in the time and pay your dues before you could begin to the climb the ladder in corporate America. In the freelance generation however, workers are making their own ways to the top by developing a wide range of skills rather than focusing on refining just one.

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The Internet’s Role

More than any other generation in history, the Internet has opened up doors for the Millenial workforce that were once never even imaginable. With the ability to learn an incredibly diverse set of skills and work from remote locations rather than having to commute to an office, the possibilities are endless for what this generation can now accomplish in the workforce and it is only expanding more and more each day.

The Millenial generation is also by far the most plugged in and informed generation there has ever been. By growing up on the creation of the most successful social media networks to date, they have become masters of how to use these tools to the best of their abilities. These freelancers know exactly what the consumer and their audience wants because they are the consumer and the audience. By being in touch and involved with these kinds of tools, they can successfully market to them in the exact way they need to be marketed to.

What Does the Future Hold?

While we can never predict what the job market will look like in the future, one thing we can likely count on is that the freelance world will continue to boom and expand to create more and more jobs. While the 9 to 5’s will continue to provide jobs, the larger successes will more likely by found for those who are more diverse in their skill sets and can be more flexible.

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