Freelancer
From Wikipedia, the free encyclopedia
- This article is about a type of employment; for the computer game of the same name, see Freelancer (computer game).
A freelancer or freelance worker is a person who pursues a profession without a long-term commitment to any one employer. The term "freelance" was first coined by Sir Walter Scott (1771-1832) in his well-known historical romance Ivanhoe to describe a "medieval mercenary warrior" (or "free-lance"). The phrase later transitioned to a figurative noun around the 1860s and was then officially recognized as a verb in 1903 by various authorities in etymology such as the Oxford English Dictionary. Only in modern times has the term morphed from a noun (a freelance) into an adjective (a freelance journalist), various verb forms (a journalist who freelances) and an adverb (she worked freelance), and then from the verb into the derived noun form "freelancer".
The author and poet Ernest William Hornung (1866 - 1921) also used the term in "The Gift of the Emperor" to describe something of poor quality: "I warmed to my woes. It was no easy matter to keep your end up as a raw freelance of letters; for my part, I was afraid I wrote neither well enough nor ill enough for success."
Fields where freelancing is especially common include journalism and other forms of writing, copywriting, computer programming and graphic design, consulting, and many other professional and creative services.
The Internet has opened up many freelance opportunities, expanding markets and helping to build it into one of the largest economic segments for many economies. Development for freelancing has been especially high for software development, website design, information technology, and business documentation.
Freelance practice varies greatly. Some require clients to sign written contracts, while others may perform work based on verbal agreements, perhaps enforceable through the very nature of the work. Some freelancers may provide written estimates of work and request deposits from clients.
Payment for freelance work also varies greatly. Freelancers may charge by the day or hour, or on a per-project basis. Instead of a flat rate or fee, some consultants have adopted a value-based pricing method based on the perceived value of the results to the client. By custom, payment arrangements may be upfront, percentage upfront, or upon completion. For more complex projects, a contract may set a payment schedule based on milestones or outcomes.
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According to the US Department of Labor
- Approximately 10.3 million workers in the US are independent contractors
- 7.4% of the US workforce is made up of independent contractors
- In the past three years, companies have increased their outsourcing by 22%
Freelancers generally enjoy a greater variety of assignments than in regular employment, and - subject to the need to earn a regular income - usually have more freedom to choose their work schedule. The experience can also lead to a broad portfolio of work and the establishment of a network of clients ultimately leading to a permanent position.
Sometimes a freelancer will work with one or more other freelancers and/or vendors to form a "virtual agency" to serve a particular client's needs for short-term and permanent project work. This versatile agency model can help a freelancer land jobs which require targeted, specific experience and skills outside the scope of one individual. As the clients change, so too may the players chosen for a virtual agency's talent base.
This can have a positive affect also. On occasion, freelancers and clients can form a relationship based on mutual needs and the professionalism, and competence of both parties.
The major drawback is the uncertainty of work — and thus income — and lack of company benefits such as a pension, health insurance, paid holidays and bonuses. However, many freelancers, especially in journalism, regard themselves as having greater income security through the diversity of outlets - the loss of any one of which leads to the loss of only a proportion of income, rather than its totality as with salaried employees.
Furthermore, many periodicals and newspapers offer the option of ghost signing. Ghost signing occurs when a freelance writer signs with an editor, but their name is not listed on the byline of their article(s). This allows the writer to receive benefits, while still being classified as a freelancer, and independent of any set organization. In some countries, however, this can lead to taxation issues (eg so-called IR35 violations in the UK)
Another drawback is that freelancers often must handle contracts, legal issues, accounting, marketing, and other business functions by themselves. If they do choose to pay for professional services, they can sometimes turn into significant out-of-pocket expenses. Working hours can extend beyond the standard working day and working week.