Work-at-home jobs growing in shrinking economy

Image by renaissancechambara via FlickrIn an economy where layoffs are an almost daily news story, more and more people are making it their business to take their jobs home. They are making lemonade out of the big fat lemon they’ve been handed.
Management tends to be the first to see the axe. These are people who are success-oriented, good earners, and suddenly highly motivated to make money. Unfortunately, many of them are finding it disturbingly difficult to find jobs at another company----because they’ve just laid off their management. For example, Citigroup recently announced it is eliminating 50,000 jobs. That means 50,000 people from that single company are going to be job hunting in a job environment that is getting increasingly difficult to navigate.
As finding jobs get more difficult, the idea of setting up your own home-based business is getting more and more attractive. And there are many opportunities out there. According to the Small Business Association, home-based businesses are one of the fastest growing segments in the workforce.
LendingClub.com announced recently it has seen an increase in the number of loans given to those seeking to start small or home-based businesses. “More than 600 people have requested and received loans in order to finance their small or home-based business,” LendingClub said in a recent press release. LendingClub.com is an online social lending network where people can borrow and invest money at attractive interest rates. People borrowing from LendingClub have an average credit score of 704.
Some industries are using home-based jobs as a way of creating savings. In the cable industry, both Time Warner and Cox Communications are expanding their home-based workforce. In the case of Time Warner, home-based work allowed it to avoid spending money to expand a call center. Cox currently has 1,200 home-based workers and plans to expand its program. These statistics are according to the 2008 Women In Cable Telecommunications’ "PAR Initiative Survey."
In Illinois, a company is offering a course at a local community college to train people to work home-based jobs. New Electronics Warranty will offer training courses and will ultimately employ 160 people by next year and create more than 480 jobs in the next three yeasrs---all home-based jobs. The jobs are customer service positions for DirecTV customers.
And it’s not only happening in this country. The Daily Telegraph in England, reports that the number of people working from home in that country increased 16 percent over last year and is expected to continue to rise. The greatest increase is in the middle class, with lawyers, financial advisers and marketing managers working from home. And the increase may be larger than that. One online jobseeker site in the UK saw an increase of jobseekers increase from 1,000 a year ago to 12,000 today, the Telegraph reported.
Another indication that the home-based employment is expanding is the launch of Arise Virtual Solutions, a U.S.-based company, into the European market. Arise screens and certifies thousands of independent professionals that invest in their own training and equipment to answer calls, e-mails and provide interactive chat services from their home offices.
In fact, time and time again, despite the incessantly dire news about the economy and job losses, the home-based business segment seems to be a bright light. It is a segment of the working population that is growing. But it is too soon to see whether or not all these entrepreneurs can continue to make a livable income working from their homes.

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