A new trend
has come about; there is an increasing propensity to refrain from a
conventional full-time job and instead take on several part-time jobs,
including self-employment and freelancing. Such multiple-strand careers, more
commonly known as ‘portfolio careers’ have become quite popular in Europe and
the concept is catching up fast in the USA. The prime reason for the popularity
of portfolio careers is the overall flexibility, independence and assortment
that they offer. In return, they call for a high degree of enterprise,
forbearance and organisational competences.
Portfolio
careers are required to be put together around an assortment of abilities,
concerns and fascinations; however, the need to concurrently indulge in
proactive career management is inescapable. You do not have a single job or a
sole employer; on the contrary, you have several jobs and several employers
under the gamut of a single profession. The
concept of portfolio careers was mooted in late twentieth century by Charles
Handy, an Irish business management thinker. He prophesied that in times to
come, quite a few people will be at the wheels of their careers by working in a
number of small jobs instead of a single full-time employment.
I have known a
gentleman whose company resorted to downsizing and he was just around fifty.
Today, he combines consulting with part-time work, teaching at a local college
and freelance writing. A good communicator that he is, he utilises his talking
and enabling skills to conduct workshops for the corporate world and college
students.
There are several
reasons why people take to portfolio careers. While some may do so purely for
having a good work-life balance, others who possess a number of skills opt for
them to make maximum use of their flairs. There are few who seek more
independence and fulfilment. However, starting, achieving and overseeing a
portfolio career is not easy going. Aspects that pose problems are determining
the kinds of jobs to go for, identifying prospective employers, squaring
contending exigencies for time and directing the effort per se. And of course,
there could be diminished income, greater than before isolation and increased
insecurity too; and which will be further heightened because of an absence of a
set schedule.
There are
therefore two questions that need to be pondered over. Firstly, is a portfolio
career your cup of tea? And secondly, how do you manage a portfolio career if
at all you take a plunge into it? Whatever be your decision, you have to
consider all factors to ensure that all strands are successful endeavours.
You have
varied options. You can be employed by different organisations and
establishments or decide to be self-employed; a blend of both is also possible.
Your schedule could be an assortment of part-time jobs, some even being
provisional jobs. It may entail either freelancing or working on specific
projects. There are quite a few people who decide to go in for a portfolio
career for livelihood as they make efforts to find an opening for a permanent
career and job. Despite the circumstances and intent, a portfolio career offers
a better control over one’s agenda and timetable.
At the
positive end of the spectrum, a portfolio career allows people to use their
skills and faculties to generate an income that is as much or even more that
what possibly would accrue if they were to go in for a conventional full-time
employment. Characteristically, such individuals have a bank of expertise that
can be offered to a cadre of employers and even clienteles. Needless to state,
their networking skills are excellent. Consequentially, they are able to enjoy
a more rewarding work and life experience. On the other hand, there are many
who were earlier into full-time employment but were forced out of it and thus
struggle to survive and sustain themselves by patching together different
part-time engagements. The struggle can of course be rendered easy if they
understand the nuances of creating, supporting and developing such work
arrangements.
The fact is
that portfolio careers are not meant for everybody. You will always run the
risk of not being able to generate adequate number of assignments. Individuals
who focus on certainty, steadiness and an organized routine may find the
experience rather traumatic. But actually this is a subject of individual
outlook. As it is, the prospects of job security are rather limited and hence
it would be an interesting activity to mull over various skill-sets and
knowledge domains that could be put up for sale. The intended objective is to
discern how a portfolio career can present flexibility and generate demands for
you.
Remember that
it is not the strongest or the most intelligent that survive; those who are most
responsive to change invariably do well. Going back and starting a new
beginning is difficult; you can start today and make a new ending. After all,
the world needs people like you – people who can come alive.