Hi Tech and Freelancing
by shashikant shukla Shashi: Digital Marketing ExpertWith internet penetration
going up to nearly 45% in 2021 from just 4% in 2001, more and more companies,
especially the smaller players, are looking for freelance workers to work on
multiple projects from remote locations.
It’s easy on the pocket
and convenient, with freelance options eliminating the need for full-time
worker benefits, office space, and infrastructure.
Then, emails as well as high
speed internet connectivity and videoconferencing facilities allow people to
work from remote locations, something that has become the “new normal” after
the COVID-19 outbreak.
Gigs
are getting to be popular with millennials as they enjoy their free time and
assignments of choice (in most cases) that come with freelance work.
In
its January 2021 report, the industry body Association of Indian Chambers of
Commerce and Industry (Assocham) states: “With talent pools today becoming way
more diverse in their age constitution and with millennials and Gen Z workers
increasingly becoming part of the country’s workforce, many have begun
preferring to become part of the gig economy.”
The
number of gig workers is also likely to increase, the report says, as companies
undergo business transformation because of artificial intelligence (AI) and automation.
New
job profiles are likely to be created because of the new AI and automation
technologies pushing hirers to renew their hunt for workers who fit the
bill. “Instead of hiring outright for
such positions, it’ll be possible for companies to just reach out to talent on
a more project-like basis” reads the report.
Rise of Flexi jobs in artificial intelligence
and machine learning
For several
companies it has been almost 15 months since their workforce started working
from home. This has meant that all through the most forgettable COVID-19
journey, employees have been on the information highway which in turn has led
too many companies developing and strengthening their machine learning
solutions.
Clearly, the winner all the way has been AI
and machine learning.
According to World Economic Forum's The Future
of Jobs Report 2020, as many as 50% of businesses have decided to focus on
accelerating automation in their organisations.
Another
study from PwC has said that Indian companies and the economy will be among the
biggest beneficiaries of AI investments when compared to most countries in the
world due to the availability of a strong, talented, and highly technically
qualified labour market.
A report by
global job site Indeed has also echoed a similar view. Job searches related to
AI saw 20% during the March-July 2020 period amid the COVID-19 pandemic.
Several companies, both within the technology sector and beyond, are seeking
talent with specialised skills required to develop and implement machine
learning solutions to post-COVID-19 requirements, the report said.
To cite an
example, global company Cisco has developed an artificial intelligence tool
called Network Visualizer to help the firm reimagine the future of work.
According to a media report, the company spokesperson was quoted as saying that
this has helped the company understand how its people think and work and it has
also enabled it to incentivize its employees, find pools of hidden talent
around the globe and develop new ways to stimulate innovation.
Can freelancers be trusted to keep systems
secure?
Work from home and freelance options have created a new dilemma for
organisations when it comes to securing their systems and data. Remote work
allowing freelancers access to company systems and data can pose risks that
companies can ill afford.
James
Christiansen, US-based software company Netskope’s vice president of cloud
security transformation has said that the regular practice in a traditional the workplace was to hire contractors from firms that were vetted and run background
checks on them. To access a company’s systems, regular vendors were required to
use encrypted tunnels, have endpoint security controls in place such as
endpoint detection and response (EDR), encrypted hard-drives, patch management
and strong passwords.
An endpoint
is a device that’s at the end of a network, such as a desktop or laptop. EDR,
an integrated endpoint and security solution involves real-time continuous
monitoring and collection of endpoint data with an automated response based on
rules and analysis capabilities.
No such
controls apply to gig workers, many of whom use their own devices in a ‘bring
your own device (BYOD)’ environment. Often, they work with multiple gigs that
do not have very secure systems, increasing the vulnerability of all networks.
So while
hiring, Christiansen has said, companies have to check how much access
freelancers have to sensitive information and how securely data is accessed.
It also
makes sense to check where else the temporary hires are working, especially if
it’s rival companies.
While there
are advantages to hiring experts to do specialised projects, the threat of
freelancers with zero loyalty to the company using and reusing the research
work they have been assigned could be very real. They could also steal
innovative software development ideas or infect a system.
So how can
such problems be addressed?
Contracts: Robust contracts should be in place, Martijn
Verbree, Partner, Cyber Security in Corporates, KPMG in the UK, has advised.
Credentials of all remote workers should be checked and IT departments informed
when their projects are completed.
Onboarding: A comprehensive onboarding process, as
rigorous and detailed as the ones adopted for full-time employees, is a
solution, writes Hiroyuki Imamura, senior vice president and general manager of
marketing for the Business Imaging and Communications Group of Canon USA., Inc,
in SecurityInfoWatch.com, a site devoted to cybersecurity and safety.
Training: Companies should also conduct regular
information security refresher training and checks to monitor compliance, adds
Imamura.
Technology
evolves quickly, being informed and cautious does help.
Being selective: Temporary
workers should also be given access to information selectively, with regular
employees in the organisation informed
about the freelancer’s assignment and how much information he or she can access
while completing the project.
Quick response: Responding to a data breach crisis or having
preventive measures in place is also crucial. “Given how permeable businesses
are becoming – with contractors, outsourcing, remote working, hosted, hybrid
and cloud-based apps and systems – CIOs must understand that building a wall of
defences is no longer enough,” says Darren Thomson, chief technical officer,
EMEA, Symantec.
Strengthening authentication
processes: Remote
connections and freelancers’ devices should be strengthened. Workers should be
made to go through a multilayered authentication process to access an
organisation’s network, say experts.
Am I pricing my skills right?
When Robin
Gupta, a 30-year-old artificial intelligence professional, decided to join the
gig economy two years ago, the first challenge he faced was how to correctly
set his price in the market. This was a hurdle because Gupta had never worked
as a freelancer, and there was no one to guide him.
The market,
he soon found, was highly fragmented, and gig professionals were happy to
undercut each other. So Gupta’s rates had to be consistent with the value
provided to his client and ensure proper remuneration for his skills, while
remaining competitive in the gig marketplace.
As Gupta
navigated the gig market in the next two years, he found there was enough work
for serious technology professionals, and he needs to formulate his own system
to price his skill correctly and at the right place.
There are
two models that Gupta uses:
Hourly pricing
This is
common among freelancers. With this method, a freelancer comes up with an
hourly rate of work and then multiply that by the number of hours spent doing
the work. Many organisations have a fixed hourly model for freelancers because
they do a time assessment before giving out the project.
Project-based pricing
This is a
good system for end-to-end projects. You evaluate the scope of the work, assess
unexpected extra hours and need for other resources, calculate how much time
will be spent on meetings, etc., and then present a consolidated amount to the
client.
But setting
your price is contingent on several other integral questions that Gupta asks
himself and refines every three months:
How much
money do I need to earn every month?
What other
freelancers with the same experience level charge for such services?
What are the
expenses do I have as a freelancer, such as Internet cost, meetings, etc?
Do I need to
add to my skill set to get better work?
Why will the
client hire me?
What are my
tax liabilities?
What are my
EMI/family liabilities?
Are these
projects varied?
Once these
questions are answered, then fix a yearly salary and divide it among projects.
This will give you a fair idea of how many projects you need to take in a year
and financial expectations from them.
“I ask these
questions every three months to review my work-life balance and also check
whether I am on the right track,” says Gupta.
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Created on Aug 17th 2021 23:06. Viewed 722 times.