Millennials tend to get a lot of flack for many things that are wrong in the world. They’re blamed for the student loan crisis and the decline in marriage rates. However, there are a lot of innovative ways the millennials have made a mark for themselves, such as having a work-life balance.
As a result, you can say many millennials are killing the 9-to-5. Consider these four avenues they’re using to transform the way they approach their work life.
Freelancing
Freelance work is in abundance for many millennials. There are tons of freelancing websites that allow users to showcase their work and expose themselves to new clients. As a result, many millennials are eliminating the middleman to do the work themselves and reap all of the benefits.
It’s not just about taking charge of their own employment. Many millennials also don’t enjoy the prospect of the traditional work schedule. As Discover MNL explains, “Millennials hate the usual 8-hour work schedule because it’s eating up too much of their time. An 8-hour schedule doesn’t also mean productivity all throughout because there are a lot of distractions to consider like office politics, an uninspiring workplace, and awkward relationships with co-workers. Millennials want to maximize each day.”
Granted, as a freelancer, you don’t have the same buffer as you would when you’re underneath the umbrella of a company as an employee. However, the freedom and autonomy are worth it for many millennials. Whether they are freelancing their graphic design work, editing skills or accounting efforts, many are deciding to work from the comfort of their own homes. This allows them to work when and how they want to.
Remote/Online Work
Many companies don’t mind if their employees work from home. As a result, that completely eliminates the standard 9-to-5 time frame. This is especially true for people who don’t work well within those time frames.
Some people like to work from 7 to 3, while others prefer to work within the confines of block scheduling. When it pertains to remote work, many companies are adopting a different mindset. The requirement is to get the work done. They don’t care when, where or how it happens, as long as it’s completed by the requested deadline.
Beyond just scheduling work time, many millennials are transforming the idea of a workplace, period. Davinci Virtual Office Solutions explains that “’a virtual office is a physical address you can rent for your business, without having to actually lease a property or space. In other words, it’s similar to renting a P.O. box for your business, except everyone who sees your address (on a business card, on a search result, etc.) will see it as an actual physical location where you do business.”
Outsourcing
Though it may be frowned upon, many people are choosing the option of outsourcing. They are sending jobs overseas so that they can enjoy more time and freedom. Jobs that require graphic design, writing and editing are some of the types of jobs getting outsourced. The work gets completed at a lower rate and a quicker turnaround time.
Lifestyle Businesses
Many millennials are adopting the laptop lifestyle and learning how to run lifestyle businesses. This means they can have a virtual office with a Wi-Fi connection and a laptop. This allows them to work from anywhere in the world. Many companies like Amazon are allowing people to run fulfillment businesses and utilize the beauty of drop-shipping. When this happens, they don’t need to touch a physical product in order to sell it.
Whether you are a millennial or not, it’s important to recognize how efficient these models can be for the future. Whether you’ve adopted it for your own work-life balance or choose to stay with the standard 9-to-5, times are changing. As a result, this change will reflect in the way the workplace operates.
It’s clear that millennials are shaking up the way business is done. Fortunately, you don’t have to be left behind. Get the biggest insights into entrepreneurial ventures and startups with Businessing’s online blog content.
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