A new understanding of work and the world of work in the age of globalization and digitalization.

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The core values of this new world of work are freedom, independence, and participation in the community. A pronounced work-life balance through flexible working models and independent working, as well as more freedom of choice for employees, are increasingly taking center stage. New Work, therefore, impacts the choice of work locations and working hours.

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Practical examples of new working methods include remote work, workstation (combining work and holidays), the four-day week, and co-working spaces. These approaches promote a more adaptable and employee-centric work environment, fostering innovation and productivity.

A business strategy that involves relocating business processes or services to nearby countries rather than distant offshore locations.

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This approach aims to combine the cost benefits of outsourcing with the advantages of geographical, cultural, and time zone proximity. Nearshoring facilitates easier communication, more efficient collaboration, and quicker response times while still achieving cost savings. It also helps in mitigating risks associated with long-distance outsourcing, such as political instability, language barriers, and logistical challenges.

A practice of holding a second job or engaging in additional work outside of one's primary employment, typically after regular work hours.

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This can be done to earn extra income, gain new skills, explore personal interests, or build a side business. Moonlighting allows individuals to diversify their income sources and pursue other career opportunities or passions while maintaining the stability of their main job.

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See also: Overemployment

The illegal practice of categorizing workers as independent contractors when they should be classified as employees.

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This error can lead to significant legal and financial consequences as it affects the rights and benefits of the worker under labor laws, including wages, taxes, and protections like unemployment and workers’ compensation. Misclassification undermines worker protections and can result in penalties for employers, including fines, back pay, and legal liabilities.

A highly adaptable and skilled group of freelancers or remote professionals who come together on a project-by-project basis.

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These teams are characterized by their fluidity, allowing members to join and leave as needed based on the demands of each project. The "liquid" aspect refers to their ability to rapidly reconfigure and optimize the team composition to meet specific goals and challenges. Such teams leverage the diverse expertise of their members to deliver high-quality, innovative solutions efficiently. This approach enables businesses to tap into a global talent pool, ensuring flexibility and scalability in their operations.

A payment made to a freelancer when a project is terminated before completion, typically due to circumstances beyond the freelancer's control.

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This fee compensates the freelancer for the work already done and protects them from losing potential income. It serves as a financial safeguard, ensuring that freelancers receive fair compensation for their time and effort, even if the project does not reach its intended conclusion.

A strategy that involves hiring workers only when there is an immediate need, ensuring that labor resources match current demand.

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This approach, inspired by just-in-time manufacturing principles, reduces costs, increases efficiency, and provides flexibility for businesses. Companies utilize staffing agencies or digital labor marketplaces to quickly find and deploy workers as needed, avoiding the overhead and inflexibility associated with maintaining a large permanent workforce. This method allows businesses to adapt swiftly to fluctuations in demand, optimize resource allocation, and minimize labor-related expenses.

An agreement between a contractor and a client in which one party transfers its intellectual property to the other.

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The agreement should detail the specific IP being transferred, the terms of the transfer, any exceptions, and the point at which the transfer occurs (e.g., upon payment completion). This document ensures that all parties are aware of their rights and obligations regarding the IP, providing legal clarity and protection for both the transferor and the transferee.

A freelancing approach where an individual offers a wide range of services across various industries rather than specializing in a specific niche.

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This approach allows freelancers to diversify their skills and client base, potentially leading to more opportunities and a more stable income stream. By leveraging a broad skill set, horizontal freelancers can adapt to different market demands and reduce dependence on a single industry, enhancing their resilience and flexibility in the freelance market.