{"id":3219,"date":"2023-10-03T10:26:25","date_gmt":"2023-10-03T10:26:25","guid":{"rendered":"https:\/\/useme.com\/en\/blog\/?p=3219"},"modified":"2024-12-27T09:33:02","modified_gmt":"2024-12-27T08:33:02","slug":"14-business-statistics-to-put-your-company-ahead-and-understand-the-freelance-market-better","status":"publish","type":"post","link":"https:\/\/useme.com\/en\/blog\/14-business-statistics-to-understand-the-freelance-market-better\/","title":{"rendered":"14 business statistics to put your company ahead and understand the freelance market better"},"content":{"rendered":"

Here are some business statistics that will give you a better understanding of your partners and contractors, including freelancers. These numbers will also let you foresee some trends for the future and adjust your business approach accordingly.<\/strong><\/p>\n

The future of workplace – business statistics<\/b><\/h1>\n

1. Companies believe in remote work and flexible team setup<\/h2>\n

64%<\/b> of companies that introduced this new work model during COVID believe that it will be a permanent business landscape fixture <\/b><\/span>(<\/span>Digital Pulse, Coronavirus Flash Survey)<\/span><\/a>. The report found that the pandemic altered working conditions in an unprecedented way and influenced entrepreneurial strategies across the world.<\/span><\/p>\n

2. One in five companies does not have an office<\/h2>\n

26%<\/b> companies have <\/span>100% virtual teams <\/b>\u00a0(<\/span>GitLab Survey<\/span><\/a>). Within these teams, each employee works within their own native time zone and takes full advantage of the remote work policy. The study was conducted in the United States, United Kingdom, Canada and Australia, so the data is applicable to these high-performance markets.<\/span><\/p>\n

3. Remote workers work more<\/h2>\n

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Remote workers<\/b> on average <\/span>work 1.4 more days per month<\/b> (or 16.8 more days per year) than in-office workers. A survey conducted on 1,004 employees by<\/span> AirTasker<\/span><\/a> showed that flexible work conditions accounted for <\/span>greater productivity<\/b>.<\/span><\/p>\n

4. Alternative work models are specific to certain industries<\/h2>\n

Industries and company departments that are most probable to \u201ccollaborate across borders\u201d \u2013 outsource, hire freelancers or independent contractors \u2013 include <\/span>HR (63%), sales (62%), IT (57%), operations (57%), and finance (56%),<\/b> according to <\/span>this SHRM survey<\/span><\/a>. Similar business statistics were presented the same year by<\/span> Deloitte<\/span><\/a>, who also pointed to <\/span>IT<\/b> and <\/span>operations<\/b>, as well as <\/span>marketing<\/b> and <\/span>R&D<\/b> as the functions where alternative labour is used. This can be a good indicator of the processes that your company can look to outsource globally.<\/span><\/p>\n

5. United States and India are leading the way in freelancing<\/h2>\n

USA<\/b> is the largest freelancing market in the world, but<\/span> India<\/b> runs a close second<\/span><\/a>. These business statistics show that both of those countries, with their own approaches to freelancing may determine the future of business.<\/span><\/p>\n

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Employee of the future – business statistics<\/b><\/h1>\n

6. Around 46.5% of the global workforce are self-employed<\/h2>\n

This group of people who believe in \u201cbeing one\u2019s own boss\u201d consists both from self-employed people in developing countries, but also a growing number of freelancers, digital nomads and other independent consultants who have fully realised the potential of the modern digital economy. <\/span>(<\/span>International Labor Organization<\/span><\/a>)<\/span><\/p>\n

7. Nearly 100,000,000 – that’s how many freelancers there may be in the United States alone in 2028<\/h2>\n

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The projected number of freelancers working in the United States in 2023 is <\/span>73.3 million<\/b>. <\/span>By 2024, <\/b>the number is expected to reach <\/span>76.4 million<\/b> and in 2028 \u2013 a whopping <\/span>90.1 million<\/b> people<\/b> (<\/span>Statista<\/span><\/a>).<\/span><\/p>\n

8. In Europe, the number of freelancers is growing almost as fast<\/h2>\n

Freelancers are the fastest-growing labour group in the European Union, with their number <\/span>doubling<\/b> between 2000 and 2014 (<\/span>Deloitte<\/span><\/a>).<\/span><\/p>\n

9. Freelancers\u2019 earnings vary across borders<\/strong><\/h2>\n

Codementor<\/span><\/a> examined the hourly rates of developers in different countries. American freelancers on average charge <\/span>70 dollars per hour<\/b>, while their Eastern European counterparts charge <\/span>56 dollars per hour<\/b> for the same web development services. Northern African freelancers charged the lowest among the surveyed group.<\/span><\/p>\n

10. IT sector is growing the fastest<\/h2>\n

The most rapidly growing sector for freelancers is<\/a> <\/strong>IT and technology, more precisely industries related to Blockchain, Bitcoin, UX Design, Software and Web Development, and Technical Support.\u00a0<\/b><\/p>\n

11. 40% of people worldwide believe that traditional employment will no longer exist in the future<\/h2>\n

Instead, <\/span>people will sell their skills under their own “brand”<\/b> to those who need them <\/span>(PWC). <\/span><\/a>59% <\/a>of currently traditionally employed workers believe that they will likely <\/span>become freelancers in the future.<\/b><\/p>\n

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Best advice from the best in business<\/b><\/h1>\n

12. Companies are filling vacancies with full-time employees<\/h2>\n

USA Today<\/span><\/a> made a connection between mass layoffs across different big US companies and filling the vacancies with freelancers instead. <\/span>52%<\/b> of the business leaders say at least some full-time employees will eventually move to contract roles, according to a<\/span> survey from 2023<\/span><\/a>. The trend is called \u201c<\/span>quiet hiring<\/b>\u201d.<\/span><\/p>\n

13. Example of Dell shows what advantages are associated with teleworking<\/h2>\n

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Dell Technologies<\/b> have been famous for their \u201ctelecommuting\u201d approach to working long before the 2020 pandemic. In one of their documents they <\/span>shared<\/span><\/a> that they saved over <\/span>$1,000,000 in fuel costs<\/b>, avoided <\/span>136 million miles of travel<\/b> as well as over <\/span>35,000 metric tons of carbon dioxide per year<\/b>. As you can see, remote work is a great way to optimize company costs.\u00a0<\/a><\/span><\/p>\n

14. Google knows the power of freelancers<\/h2>\n

Last but not least \u2013 <\/span>54%<\/b> of <\/span>Google\u2019s employees are actually freelancers<\/b> and independent contractors \u2013 according to<\/span> this data<\/span><\/a>. If the tech giant sees the clear benefits of working with them, why can\u2019t you?<\/span><\/p>\n

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Are you collaborating with freelancers?<\/strong><\/h1>\n

Whether you already have a trusted remote specialist you want to settle a deal with, or you’re looking for the right subcontractor, we have a solution for you.<\/strong><\/p>\n

With our platform, you can easily pay your freelancer without signing time-consuming contracts. All you have to do is invite the freelancer to settle a deal,<\/strong> specifying the type of work to be done. We take care of the formalities and compliance. Also, we issue a tax invoice on behalf of your freelancer.<\/p>\n

Useme also gives you access to a wide database of freelancers<\/strong> with whom you can collaborate.<\/p>\n

\"Settle<\/a><\/span>