Kiara, a young, talented, and vibrant engineer, often finds herself answering questions about her work within her social circle whenever she speaks about a new project at work. The conversation usually revolves around her decision to continue working at the same company for the past two years while most of her friends chose to follow the prevalent norm of switching between several companies within the same time frame. Although this kind of stability is rarely seen within the millennial youth in India, Kiara’s decision to continue with her current company is indicative of a new trend within the Indian corporate sector.
The 24-year-old is part of a growing community that is the driving force behind the shift from conventional job roles towards freelancing the job market is currently witnessing. It is also becoming one of the most preferred career prospects among Indian women, who are seeking such opportunities in order to create a balance between their personal and professional lives.
Over the past couple of years, this trend has gained substantial momentum. Fuelled by India’s growing millennial population, this change has been trending in the job market for quite some time now, and shows no signs of slowing down. If some reports are to be believed, latest market analyses suggest that more than 60 percent of millennials prefer to switch jobs within two years rather than following the traditional way of slowly climbing the corporate ladder.
The freedom and flexibility to work are perhaps the biggest advantages of freelance-based job roles as they allow individuals to work at a time and place that best suits their convenience. Take the example of Kiara, who took a chance as a freelance designer for a top company and has not looked back since. Under the steady guidance of her boss, an accomplished and seasoned designer, the talented millennial felt extremely inspired by her work.
Moreover, since her supervisor has always understood her aspirations and given her the flexibility to achieve her set goals by herself, Kiara is now confident of her capabilities and believes in reinventing herself as much as her work.
Let us further explore why this trend is catching on among the urban youth and further explain why the millennial youth wants all or nothing:
Following are some basic guidelines and facts for those considering freelancing or even those who have already begun their journeys:
Some market reports suggest that more than 45 percent millennials value flexibility over good pay, which can be another reason why such individuals are being accepted within corporates for various assignments on contract bases. Industry giants like IBM, Accenture, Samsung, and Nokia are quite prominent examples of those in the corporate realm who prefer that their employees freelance/work from home. Such organisations believe that the productivity of an employee is higher when working in a familiar and/or relaxing environment and that they are better able to utilise their energy in their own style.
It is evident from the aforementioned examples and factors that freedom and flexibility of work in freelancing are some of the key factors that the corporate sector has begun to consider in order to work with the talented Indian youth. What’s more, even millennials look forward to being a part of a workplace where they can make an impact on the community and serve a greater purpose. Thus, it can be concluded for now that freelancing is certainly the latest career opportunity on the block and will continue to dominate the Indian job market in the future.