This week a report was released by Expert360 which has found some fundamental structural changes occurring in the global workforce which overwhelmingly show a steep increase of Small to Medium sized Businesses (SMBs) reliance on outsourcing and hiring of expert contractors.
Here’s a few key findings:
- By 2018, it’s expected that 40% of the global workforce will be outsourced consultants like those at Digital Rehab.
- Last year, freelance experts contributed over $700bn to the US economy, with Australian contractors raking in more than $51bn.
- 76% of businesses are experiencing a skills gap that could be filled by an expert freelancer. As a freelancer you’re likely to earn as much as 275% more!
In conclusion, SMBs are the lifeblood of our economy. However, to compete with corporate giants, they must be flexible. Our research indicates that this flexibility should exist in their workforce. In the past decade, this flexibility was usually derived from an off-shore, low-skilled workforce but this is no longer the case. Freelance / outsourcing to experts is enabling growth, cost savings and providing critical skills to super charge revenues.