Open AccessUnderstanding Co-Working with The Growth and Development of Freelancers
Author(s) -
Jeffrey M. Shepard
Publication year - 2018
Publication title -
management and organizational studies
Language(s) - English
Resource type - Journals
eISSN - 2330-5509
pISSN - 2330-5495
DOI - 10.5430/mos.v5n2p1
Subject(s) - workforce , sharing economy , work (physics) , business , gig economy , computer science , economic growth , economics , world wide web , engineering , mechanical engineering
The global workplace is changing, and co-working is growing up considerably in this new workspace. In the 21stcentury, co-working spaces are growing rapidly, and it is expected that by 2020, freelancers who use these spaceswill make up 50% of the total workforce. When they first started, they were viewed as being ideal for creatives, orpeople who were looking to start out their businesses. As the freelancing world continues to evolve, more peoplefrom all professions are making use of it.This paper shall look at this development in co-working, and the results which reveal that there is growth forfreelancers. These are spaces that are forming a new section of the economy, especially when it comes to making themost of the digital economy as well as the knowledge economy. In this paper, an in-depth review has been carriedout, and there is a qualitative study of freelances who are making use of co-working spaces. It seeks to understandthe reasons that these spaces are helping to elevate growth, as well as the development of freelancers.It has been revealed that the key reason co-working continues to be a primary choice for freelancers is the costeffectiveness, as it is lower in cost than setting up a business. In addition, it helps with building social relationshipswithin the work place, without any stress linked with maintaining these relationships. What was once perfect forcreatives, is now available for all types of freelancers.