Business research conducted has thrown some predictions on the way freelancing as a way of working will continue in the year 2016. There has been much debate on regulations surrounding freelancing and there is need to change existing norms. Numerous functions within the broad gamut of HRM such as Human Capital Management and Vendor Management Systems need to be consolidated as part of a common HRMIS. Greater number of people will now freelance leveraging the capabilities of their smartphones. Marketplaces with kiosks for availing certain products or amenities will see a decline due to rise of the on-demand economy. Even large organizations will eventually realize the benefits of building on a freelance network and will embrace this concept.