With most of the world now under government-imposed lockdowns to reduce the spread of the COVID-19 crisis, many of us are reflecting on the way we work. Whether you’re working from home or you have been furloughed and are waiting to receive money from an employer, the truth is that the world will never be the same again post-crisis. Below, we explain why…
You’ve probably been working too hard
If you’re enjoying your sixth week off for the first time in years, the chances are that you’ll be wondering why you’ve ever worked so hard. It’s so easy to enter into the rat race and work five, six, or even seven days a week just to keep going and provide your family with food and a nice place to live – but you might be wondering whether it’s time to reassess the number of hours you have been working and look to scale down your workload to give yourself a break.
…. but you’ll need to work harder to retain clients
Whilst regular holidays and breaks sound like a good idea, you shouldn’t get too comfortable just yet. Nobody knows exactly how long the coronavirus outbreak will last, but one thing is for certain: the economy is going to take a long time to recover. In the months ahead, that means you’ll need to work harder to hold onto vital contracts. Use your time to strategically plan for the future – how are you going to find new work? What will you do to stand out from other freelancers and self-employed workers? Now is your time to shine, so get thinking!
Your finances should be managed for you
Something else that the coronavirus lockdown has taught us is that the majority of us work far too hard for too little reward. It’s also made us realise that, after a busy week working, we shouldn’t have to do our own accounting and bookkeeping on top. Many contractors have been making the switch to working with an umbrella contracting company, which is not only a more tax-efficient way to run your business, but it also helps you to save time and money.
Our priorities have changed forever
Something else that the coronavirus has taught us is that our family is so important. We may have taken them for granted in the past, and perhaps that’s lead to frayed relationships that are now being rebuilt. In the years ahead, we’ll realise that we don’t need to work that extra shift – we can get by on what we earn and focus on being together with our loved ones. And that extends to our expenditures – do we really need an expensive car on lease hire or a second mortgage for another home? Instead, we’ll be more focused on spending quality time with people we love – and the best part about that is you don’t need to spend any money!
What do you think will change in a post-lockdown world? Let us know on social media.