The Rise of Freelance Work Among Millennials and its Implication on the Business Workforce Management

Last modified: January 26, 2022
Estimated reading time: 2 min
Project Title: The Rise of Freelance Work Among Millennials and its Implication on the Business Workforce Management
Author: Mr. Gilbert Ochavillo
Advisor: Dr. Tanakom Limsarun
Degree: Master of Business Administration (International Program)
Major: International Business Management
Faculty: Graduate Schools
Academic year: 2021
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Conference
Conference Proceedings
National and International Academic Conference “Empowering Innovtion and Sustainability in the Next Normal” 27 November 2021

Citation

Ochavillo, Gilbert. (2021). The rise of freelance work among millennials and its implication on the business workforce management. (Master’s independent study). Bangkok: Master of Business Administration Siam University.


Abstract

The current global workforce is dominated by the self-sufficient demographic cohort known as Millennials, and they were summoned by the Industrial Revolution. Millennial employees make a diverse working landscape in terms of habits, attitudes, choices, preferences, and conditions. As technology advances, the corporate world also witnessed changes in working arrangements, including the rise of freelance work. It came as no surprise that millennials were drawn to this phenomenon and how it directly impacts the workforce management of the business organization. The objective of this research was to reveal the reasons for the occurrence of freelance work among millennials, and the effects on workforce management of a firm. Knowing why millennials are attracted to freelance work will allow organizations to fine-tune their workforce management. The study was conducted through understanding information from various sources and the utilization of information channels such as books, journals, previous researches and studies, electronic sources, and other print media outlets. The findings revealed that millennials tend to quit their full-time jobs and choose freelance work because of disengagement from business organizations. Millennials are technologically inclined and they highly value the flexibility at work to ensure work-life balance. These were the determining reasons why millennials find freelance work very fitting as the nature of the work is flexible, non-restrictive, and it can be done remotely through computers and other portable devices. From these results, tips and strategies for better workforce management were suggested to the organizations in response to the ever-changing workforce trends.

Keywords: Millennials, Freelance Work, Workforce Management.


The Rise of Freelance Work Among Millennials and its Implication on the Business Workforce Management

Master of Business Administration (International Program), Siam University, Bangkok, Thailand

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