Work Trends – Page 2

The Growth of Coworking

The Queen City is continuing to see the growth of coworking space. The coworking concept, paying for access to private and shared workspace, was initially fueled by the rise in mobile technology and the gig economy. More recently, the coworking trend expanded in the corporate and commercial real estate market, with more than one million people worldwide expected to be working in coworking spaces by the end of 2017.

Coworking spaces come in all shapes and sizes and represent the antithesis of yesterday’s corporate offices. With an estimated 14,000 spaces around the world, the spaces are shared by corporate teams, small businesses, tech workers, creatives, entrepreneurs, and more who are looking for the flexibility to be able to expand and add office space as they grow.

Learn more about the coworking trend below:

Is Flexible Work Driving the Future of the Workplace?

Will the day come when we all work as our own boss?

The World Economic Forum held its annual meeting earlier this month and the future of work was a key topic of discussion. The organization’s Global Future Council on Education, Gender and Work is presently crafting a document that addresses the question of how we facilitate the transition from the traditional form of work to the future state where work is more flexible.

Stephane Kasriel, CEO of Upwork and co-chair of the Global Future Council on Education, Gender and Work, recently shared the following perspectives on the future of work:

Entrepreneurs and freelancers represent the future of the workplace as traditional office jobs become less and less relevant
Lifelong learning is more important than ever before as skill requirements are constantly changing
There is a constant need to be reskilled and you need some kind of job renewal every five years or so
The workplace is moving towards more flexible arrangements where individuals are working with multiple companies at the same time
“Knowledge” work is especially aligned with more flexible work arrangements and can be done from anywhere, thereby creating more value than the traditional work model
The future of work is not going to be about full-time employment

Learn more about the future of work here.

The Freelance Economy in 2017

According to a new study conducted by LinkedIn, freelancers now account for nearly 35% of the USA workforce…and the trend is only gaining traction with more professionals opting out of traditional “full-time” employment.

The Croixstone Consulting team found the following survey findings of particular interest:

40% of LinkedIn’s freelancers (the social networking site’s “ProFinder” members) are based in just four states (California, Florida, New York and Texas).
Marketing, Business Consulting and Design were the top 3 industries for freelance work in 2016.
Younger freelancers identified industry preferences centered on Writing, Photography and Home Improvement.
Older freelancers identified industry preferences focused on Career Coaching, Business Consulting and Real Estate.
33% of all professional freelancers surveyed were male.
The average freelancer is an older male (nearly 50% of LinkedIn’s ProFinder members are older than 50).
The average hourly rate for freelance work averages $50-$150.

Gain more insights into the Freelance Economy here.