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How Millennials are Shaping the Future of Work

In 2018, working Millennials comprise of 35% of the American labor force, according to Pew Research. Defined as those who are born between 1981 and 1996, Millennials represent the majority generation in the US workforce.

As the youngest generation in the workforce today, Millennials have the power to shape the future of work, and to transform the conventional expectations of a career. And where is that future heading? To the freelance economy.

According to a MetLife study report in USA Today, “Millennials were the most interested in contractual rather than full-time work, with 74% of those in that age group saying they were curious about freelancing.” That is a significant number. Compare that to Millennials’ elders: only 57% of Gen X and 43% of Baby Boomers felt that same way.

Redefining the Career Path

Generations are becoming more and more tech-savvy, and it’s no doubt that technology has been incredibly impactful on the lives and careers of Millennials. Jobs that exist today did not exist five or ten years ago, and companies have more knowledge and resources to source talent from all over the world.

Being in their twenties and thirties, Millennials are at the critical early-to-mid stages of their careers. They also have a unique understanding of work. For example, company loyalty and the corporate ladder are no longer the requirements — nor the expectation — to have a successful career.

In the aforementioned study, MetLife found that 40% of Millennials had the intention “to leave their full-time employers to work as a freelancer in five years.” Millennials are ready to redefine their careers and deviate from expectation, and they’re ready to start this change now. In fact, according to the Freelancing in America: 2017 study, 47% of Millennials are already freelancing.

Of course, Millennials are not the only ones looking to freelance. Over half of today’s workers expect that their positions and functions will disappear over the next 20 years. The freelance economy is growing at such a momentous rate that the Freelancing in America: 2017 study projects that, by 2027, a majority of the American labor force will be freelancers.

The Future is Freelance

The work-life balance and higher rate of income make freelancing a desirable career path for many. Especially for those who have financial burdens or family commitments, self-employment can allow flexibility that full-time employment cannot offer.

Freelancers experience different challenges, such as missing out on certain employee benefits, the risk of unpredictable income, and — for remote freelancers — lack of human interaction. However, to many these downsides don’t begin to counter the immense benefits of a freelance lifestyle, where a worker has much more control over their life, their work, and their career. While the stability of a steady paycheck may appear more desirable, 63% of freelancers believe that working with a diversified portfolio of clients is more secure than being employed by a single company (Freelancing in America: 2017).

The results are in. The future of work is freelancing. The older end of Gen Z (those born after 1996) are starting to work now, too, and the trend looks consistent. As an employer, are you ready to meet the demands of these generations? As a worker, are you ready to take your career into your own hands?

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How You Can Travel for Free With Airbnb by Nathan Harris

How Can You Travel For Free With Airbnb?

There is no better feeling than packing your bags and preparing to go on your next adventure. It’s an even better feeling when you don’t have to worry about the costs associated with it. Far too many people miss out on opportunities to travel because they believe that they can’t afford it. The other issue is lacking the flexibility in their work schedule. If you aren’t locked down by your employer then you only have one of these things to worry about. Which is one of the many benefits of being a freelancer but even if you practice traditional employment you can benefit from this system.

I know that you are wondering just how can this be possible? How can someone travel for free with Airbnb and how can you make this happen for you? It’s actually not that hard and in this article I am going to teach you just how to do it. It has been proven that traveling not only broadens your perspective but is also teaches you to live in the moment, to value experiences over things, to become more easy going in unplanned situations and to be open to different ways of life. These are values that create the quality of life that I desire. By having the autonomy to live the life I deserve. While also maintaining a balance that allows me to work to better my life and not live to better my work. Something I preach constantly to people so that they focus on the true fruits of their labor and not the superficial ones. Now that’ve talked about the philosophy we can go into the system that makes this work.

Step 1: Discovery and Demand Analysis

The very first step is discovering what the demand would be for the place in which you currently reside. Yes this means you will have to rent out your home. Don’t shutter just yet as this is the key to it all. Pushing you outside of your comfort zone so that you can step into a better one. The demand will fluctuate based on your location and the volume of tourism in your area at certain times of the year.

I did this by creating a series of Google Alerts that would curate all of the content that I need to discover what events were coming up. Updating me on a weekly basis via automated emails with only the best results. You can also create an RSS feed for this if you would like by simply selecting that option instead of email.

I then use a free tool called Moz bar to analyze which keywords the top events pages are using to ensure that my google alerts are giving me the best assessment of upcoming events.

Step 2: Creating a calendar and getting your place listed

Once you have completed your analysis and have determined the best dates to book your place it’s time to get your place listed. We found that the best tool was Airbnb but there are other tools out there that can work just as well.

Creating your listing on Airbnb is very strait forward but there are some small tips I will give you.

  • Keywords: Make sure that you include keywords to the nearest and largest event coming up. Ensuring that your booking shows up when the guest search this specific topic.
  • Professional Photos: People love to see themselves in a place before they get there. Make sure that you have professional photos that tell the story of their home away from home.
  • Pricing: Airbnb will give you an idea of what you should price. I wouldn’t trust this blindly as it may or may not factor the accurate demand of the market for certain events.

Now that your place is listed you can create a calendar of events and then list your place for those weeks/weekends. Taking advantage of peak times in your area to travel to other areas of interest in off-peak times. With the right keywords and a strong listing your place will book extremely quickly. As stated this will fluctuate based on the area you reside. We are lucky with living in Scottsdale because the volume of tourism is high. We also have access to a wide array of weekend getaway destination just hours from home. Our place booked out for all of our listings within 48hrs of them being made available.

Step 3: Running The Math

This will all depend on how many dates per year you decide to book your space. We will base the math on an average booking of $200 per night.

  • Average Booking: $200 per night
  • Total bookings per year with average of 4 days. This is because most people book for extended weekend getaways. Let’s say we book for 4 trips per year which is far more than the average American. According to this article on travel habits of Americans roughly 42% didn’t take a single trip in 2014.
  • This would give you a $2,880 annual travel allowance once you subtract the 10% Airbnb fee.
  • We were able to book out roughly $6,000 worth of dates over the next year. Giving us a robust travel allowance to visit twice as many places this year. Many being weekend getaways as well as long term stays.

Depending on the destination that you wish to embark on this can cover all of it or part of it. Supplementing your travels and increases the quality of life that you live. This system is fairly simple but one that most people don’t take advantage of. I hope that this article has been helpful in providing people with an easier way to make their travel dreams come true. Now it’s time for us to book some trips so stay tuned as we will have a number of followup blogs. Covering our travels and others freelancers or people that take full advantage of the autonomy you gained by breaking away from that 9-5 “safety net”. This series will be called #lifewithease so follow us there and share your freelance lifestyle by using that hashtag as well.

If you have great content we will share your post via all of our media outlets to show just how great the life of a talented freelancer can be.

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