Understanding Co-Working with The Growth and Development of Freelancers

Abstract

The global workplace is changing, and co-working is growing up considerably in this new workspace. In the 21st
century, co-working spaces are growing rapidly, and it is expected that by 2020, freelancers who use these spaces
will make up 50% of the total workforce. When they first started, they were viewed as being ideal for creatives, or
people who were looking to start out their businesses. As the freelancing world continues to evolve, more people
from 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 for
freelancers. These are spaces that are forming a new section of the economy, especially when it comes to making the
most of the digital economy as well as the knowledge economy. In this paper, an in-depth review has been carried
out, and there is a qualitative study of freelances who are making use of co-working spaces. It seeks to understand
the 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 cost
effectiveness, as it is lower in cost than setting up a business. In addition, it helps with building social relationships
within the work place, without any stress linked with maintaining these relationships. What was once perfect for
creatives, is now available for all types of freelancers.