Freelancing and Its Emerging Impact on Economic Growth in Bangladesh

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5.6. Reduction of internet expenditure in Bangladesh:

5.7. Develop effective money payment system for the freelancer earnings assurance:

Conclusion:

References:

ABSTRACT:

IT industry is an emerging sector in Bangladesh becoming more popular to the workers who want to perform offshore or freelancing job in business. World’s leading researchers have announced Bangladesh as a leading outsourcing destination. Bangladesh is prospecting with IT outsourcing in regarding of human resources, macro and micro level infrastructure and market positioning with a huge competition. Besides these factors , the scenario has changed a lot within the long history in Bangladesh’s IT industry since 1964 . On the other hand outsourcing is being the most popular method of doing things in least expensive way. IT outsourcing has the largest share in regard of job opportunity. Technology has changed the world and Bangladesh has a larger stake to compete with other market within IT outsourcing industry. With the help of outsourcing freelancing, many educated unemployed youth can manage their job with their own afford. This is the most reliable sector which can reduce our unemployment problem to a great extent. If our government gives heed to this flourishing sector, the goal of our government will be successful to manage employment for more than 33000 educated unemployed within this current year.

Literature review:

1.1. Freelancing:

According to Business Dictionary “ Freelancing is working on a contract basis for a variety of companies, as opposed to working as an employee for a single company.” Freelancers are often considered to be self-employed, and have the freedom to pick and choose their projects and companies they would like to be associated with. A freelancer is someone who doesn’t work for one company full-time, but is hired by different companies for certain jobs. For example, a magazine or website will have a core team of editors who hire freelance writers to write articles, or a TV production crew might hire freelance cameramen to work on one series of programmers. Nowadays, there are many people in the field of freelancing. [pic 5]

1.2. Core Advantage of Freelancing:

Top most reasons for that are: A. You can work with the convenience of your own schedule. B. You can work from home. C. You don’t have a boss of over you.

Well these are the top most practical reasons of being a freelancer. For many people the dream of independence turns into reality when they become freelancers. Consulting or freelancing is the most straightforward path towards being your own boss. You can succeed with freelancing, with your commitment and seriousness with the work you do. Freelancing positions are available full time or part time. It depends on you, of what you would like to do. If you have an experience in certain field of expertise than you can start working full time in convenience of your own hours through freelancing.

1.3. Area of Freelancing:

Freelancing works has a wide line of diversification. If you visit the site of freelancer.com or odesk.com there will be a long list of categories for the jobs to work within IT or ITES. Though there are some trends coming with major areas to concentrate more. According to The Outsourcing Institute information technology outsourcing has been the fastest growing area for outsourcing. According to their measurement major areas the companies are concentrating are – maintenance/repair, training application development, consultancy and reengineering, mainframe data centers. The Outsourcing Institute also found some coming up trends in outsourcing which are –client/server, networks, desktop systems, end-user support, full IT outsourcing.

1.4. Market place available for freelancing:

Freelance marketplaces are websites that match buyers and sellers of services provided via the internet. Service providers, or sellers, create a profile where they include a description of the services which they offer, examples of their work and in some cases information about their rates. Buyers register and complete a basic profile, they then post projects outlining their requirements. Buyers will then bid for these projects on a fixed price or hourly basis. Top 5 Market Place for Freelancer in the world-[pic 6]

1-Odesk:-

If you want an unlimited number of job types to post or work on, Odesk is your best bet. All in all, Odesk is on top of the list because it offers an unlimited workforce with a very wide set of skills, thousands of clients and a payment option that makes it very easy to pay the contractors once they are done with their jobs.

2-Elance:-

This is another freelance site that does not limit the skill sets that their contractors can have. As with Odesk, you get workers who are qualified in almost any field and most of them ask for reasonable fees. The best thing about this site is that it is friendly to the workers. This is because it offers an escrow service where the clients deposit money for the project before it starts.

3-Freelancer:-

As with the above two, it offers one of the widest skill sets for any contractor or worker. The rates here too are good and the workers are duly qualified. The only problem is that they charge $5 per awarded project and this may be too much more so if the project pays less than this meaning that there is the chance that your account is going to have a negative balance.

4-Getacoder:-

Get a coder is your premier site for anything programming. If you want any type of programming done or if you are a programmer, this is the site that you ought to be on.

5-Fiverr:-

As the name suggest, everything here goes for $5. You can hire a freelancer to do almost anything for five dollars. This means that there is an endless stream of workers willing to do almost anything for $5 and clients looking for these contractors.

In recent time, Bangladesh is going to develop its own market place .The name of the market place is belancer. The entrepreneur of the market place is Safiul Alam. It will be a great opportunity for Bangladeshi freelancer for getting and doing their works more safely.[pic