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65% of freelancers expect increases in pay this year

The freelance marketplace surveyed over 500 business owners and 1000 freelancers to find that freelancers expect their earnings to increase this year, with 40% revealing that with the current climate it was right to increase their rates.

In 2021, 65% of freelancers will expect an increase in demand, opportunities and a higher potential to earn more money, according to the latest survey by PeoplePerHour.

The freelance marketplace surveyed over 500 business owners and 1000 freelancers to find that freelancers expect their earnings to increase this year, with 40% revealing that with the current climate it was right to increase their rates.

A further 67% or respondents said that the most popular reason for using freelancers was to introduce skills the business didn’t have in-house, with 42% revealing they had taken advantage of flexible talent to speed up projects.

Additionally, a third (35%) of respondents said the reason they had used freelancers was to save money, with 28% saying they turned to freelancers to help move their business online in a more cost effective way.

Covid-19 has reportedly pushed one in six people out of work and into freelancing in 2020, with 48% of respondents suggesting that they started freelancing to become their own boss, whilst 43% said they wanted to gain more flexibility in their work-life.

Xenios Thrasyvoulou, founder of PeoplePerHour, said: “2021 really could be the year of the freelancer,” said “Businesses are increasingly experiencing the benefits of using a more flexible workforce and people are taking the opportunity to take control of their work-life.

“Our research and recent performance clearly indicates there is every reason to believe that the freelance community will continue to grow over the next few years.”

He added: “However, to be successful, it’s critical that people looking to make a success of a freelance career understand their skills and strengths and find the right company fit if they want to succeed in an increasingly competitive market.”

 

 

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