The Great Reshuffle has presented many meeting and event professionals with the opportunity to reassess their work-life balance and pursue a successful freelance career.

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What freelancers need to plan and run successful virtual and hybrid events.

More than 56 million people freelanced this year, according to Upwork’s and Freelancers Union’s “Freelancing in America: 2018” survey. As the workforce continues to gravitate toward remote and flexible positions—Nasdaq predicted the percentage of working Americans choosing freelance work over a traditional 9-5 job to rise to 43 percent by 2020—the meetings and events industry should be collectively embracing the shift.

The economy is changing constantly, and with these changes business is being conducted in new ways. Freelancers will need to keep up to date on new technology and soft skills in order to thrive in this competitive job market. Coursera and LinkedIn Learning offer many free opportunities to level up! Learn the newest project management systems, earn a certificate in instructional design or marketing and SEO (Search Engine Optimization). The Pandemic Protocol Certification is especially useful. Learn more about the Pandemic Onsite Protocol training by MPI here. Cvent is one of the leading technology providers offering solutions for virtual and hybrid events. Cvent now offers free courses for Meeting Professionals through Cvent Academy.

COVID-19 has forced many event and hospitality professionals to think about new ways to generate income, and long-time corporate employees are opting to take advantage of freelance/contract opportunities. Whether it is project management or virtual event planning, freelancing has become popular for both the company needing help and the professional seeking project-based work.

Do you love the idea of freelancing, but also love the perks of corporate world benefits?

In addition to salary, employer sponsored health insurance, a retirement account, and paid vacation are standard benefits of full-time employment. These benefits are the main reason professionals choose the employee model vs freelancer.

You don’t have to give up all benefits to become a freelancer! As a best practice, add 15-30% to your rate to offset costs like payroll taxes, 401k match, insurance and workman’s compensation. As a freelancer, your rate should include the cost of providing those items yourself.