In: Operations Management
Any individual who perform his professional expertise independently may be called as freelance experts. They don't work as a regular employee of any organization. They work as independent contractor of any top level or entry level companies. For example, An online tutoring company may offer independent opportunities to professionals in different subjects. People working on assignment basis may be paid as per work completed by them . They may work as freelance recruiter, independent journalist, blog proof reader and many other job roles. At the time of Covid19 , they are supporting healthcare, administration works , software & IT works and many other works across the society.
Advantages:
1) Cost effective work accomplishments
2) They may offer expertise in various disciplines.
3) They promote creativity and innovation in marketplace.
4) People have their own independent business.
5) They work without any pressure of formal work practices.
6) They may offer 24*7 basis support to organization due to flexi time work options.
Disadvantages:
1) Many times , they don't offer responsibility to work assignments by any organization.
2) They may reveal the business secrets to other organizations for their benefits.
3) They may work with less care due to lack of any formal supervision.
4) People working as freelance get less social recognition as compared to individuals working for any organization.