3 Things to Know About the Growth of a Freelance Nation

NEW YORK (TheStreet) -- You can expect 40% of the U.S. workforce to be freelancers (or more technically, "independent contractors" by the year 2020.

"Traditional employment will no longer be the norm, replaced by contingent workers such as freelancers and part-time workers," Intuit said back in 2010. "The long-term trend of hiring contingent workers will continue to accelerate, with more than 80% of large corporations planning to substantially increase their use of a flexible workforce."

By hiring freelancers on (mostly) a project basis, companies can better control workflow and not having to dig into reserves to pay for such things as employee health insurance and employer-based retirement plans.

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Freelancers, meanwhile enjoy flexible schedules, no commute (in most cases) and have leverage salaried employees don't have, including a lower risk of losing all their income to a layoff or downsizing campaign, since most freelancers have multiple clients and can more easily absorb the loss of a single client.

Since you could be one of those four in 10 Americans freelancing, best to keep up on trends affecting them.

A new study, The Future of Work: Preparing for Independence, by the Career Advisory Board and MBO Partners, points to several key themes of interest to freelancers, would-be freelancers and companies of all shapes and sizes:

Also see: How to Use Social Media on Your Summer Job Search

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