Search Results for: freelance

Over a quarter of freelance businesses are back to pre-pandemic levels

Over a quarter of freelance businesses are back to pre-pandemic levels

businessesNew research from IPSE (the Association of Independent Professionals and the Self-Employed) claims almost a quarter of freelancers (24 percent) report their businesses returning to pre-pandemic levels, while nearly a third (29 percent) predict the easing of restrictions will give an added boost to their businesses. A fifth (19 percent) said their businesses had been largely unaffected by the pandemic. More →

Half of freelancers planning to stop contracting in the UK after IR35 reforms

Half of freelancers planning to stop contracting in the UK after IR35 reforms

freelancers

Half (50 percent) of freelancers are planning to stop contracting in the UK after the changes to IR35 come into effect in April – unless they can get contracts unaffected by the changes – according to new research by IPSE (the Association of Independent Professionals and the Self-Employed). Instead, they are planning to seek contracts abroad (24 percent), stop working altogether (12 percent), seek an employed role (17 percent) or retire within the next year (11 percent). More →

Freelancers stimulate entrepreneurship levels, claims research

Freelancers stimulate entrepreneurship levels, claims research

entrepreneurshipFreelancers actively promote entrepreneurship, claims research from Trinity Business School, suggesting that a 10 percent increase in freelancers within the workforce leads to a 1 percent increase in entrepreneurial activity in the economy. More →

People still prefer permanent jobs despite rise in number of freelance roles

People still prefer permanent jobs despite rise in number of freelance roles

Permanent jobsWorkers (82 percent) would rather have permanent jobs than “be their own boss” in a freelance or contract role, even as the self-employed and gig economy has grown rapidly in recent years, claims new research from the ADP Research Institute. Many workers believe that permanent work is preferable for a host of reasons including regular hours, better pay, timely payments, and the ability to get credit. More →

Freelancer income fell by a quarter during lockdown

Freelancer income fell by a quarter during lockdown

In the second quarter of 2020, freelancers’ average income dropped by 25 percent, according to the latest freelancer Confidence Index by IPSE (the Association of Independent Professionals and the Self-Employed). According to IPSE, the drop in income was driven by a record fall in the average number of weeks freelancers worked this quarter. Between March and June, the average freelancer went 5.5 weeks out of 13 without work. Combined with a 3 percent fall in freelancers’ average day rates, this led to average quarterly earnings declining by 25 percent from £20,821 in Q1 2020 to £15,709 in Q2 2020. More →

Promotion: Where can you find talented freelancers that share your passion?

Promotion: Where can you find talented freelancers that share your passion?

The number of people freelancing around the world is expected to increase significantly from the current estimated 150 million to over 520 million in the next five years. The freelance industry is expected to contribute about US$2.7 trillion by 2025 as more and more businesses and entrepreneurs increasingly rely on online outsourcing to get their work done efficiently. More →

Coronavirus crisis drives freelancer confidence to unimagined lows

Coronavirus crisis drives freelancer confidence to unimagined lows

Freelancers’ confidence in their businesses and the wider economy has been driven to record lows by the Coronavirus crisis, according to research by IPSE (the Association of Independent Professionals and the Self-Employed) and PeoplePerHour, Europe’s largest freelance marketplace. Freelancers’ three month confidence in their businesses had already fallen to a six-year low last quarter because of concerns about the changes to IR35 tax regulations. More →

Freelancer groups call for emergency fund during Coronavirus crisis

Freelancer groups call for emergency fund during Coronavirus crisis

Coronavirus crisisIPSE (the Association of Independent Professionals and the Self-Employed), the Creative Industries Federation and other organisations representing freelancers have written an open letter calling on Prime Minister Boris Johnson for a Temporary Income Protection Fund to support the self-employed during the Coronavirus crisis. More →

Third of freelancers plan to stop contracting in UK due to IR35

Third of freelancers plan to stop contracting in UK due to IR35

IR35Nearly a third of freelancers are planning to stop contracting in the UK because the changes to IR35 due in the private sector in April, research has claimed. One in seven freelancers (13 percent) plan to find contracts abroad, 11 percent plan to stop working or retire early and 8 percent plan to move into employment, according to IPSE (the Association of Independent Professionals and the Self-Employed). Half of the freelancers surveyed also said they will only continue freelancing if they can find contracts to which the new off-payroll working rules do not apply. More →

Freelancers` motivations explored in new report

Freelancers` motivations explored in new report

FreelancersFreelancers value the freedom and flexibility of being their own boss but their happiness is most closely correlated with how much money they earn, a survey of 7,000 freelancers has claimed. According to the report from Payoneer (registration required), the worldwide average hourly rate charged by freelancers is $21, up from $19 two years ago. This is significantly higher than the average salary in many of the 150 countries surveyed. Those who work exclusively in freelancing earn a higher rate and are more satisfied with their lifestyle than those who split their time working for a company. More →

IR35 pushes freelancer confidence to six-year low

IR35 pushes freelancer confidence to six-year low

IR35Two surveys have highlighted continuing fears among freelancers about the changes to the IR35 rules due to take effect in April. The reforms will shift the responsibility for defining contractors’ tax status from the individual to the employer to crack down on so-called ‘disguised employment’, where off-payroll workers are able to pay less tax than employees. However, concerns have been raised that the rules could force organisations to bring genuine contractors and freelancers on to the payroll, reducing flexibility for both parties. More →

The culling of freelancers with IR35 is a really, really bad idea

The culling of freelancers with IR35 is a really, really bad idea

IR35 and freelancersImagine a world with no freelancers, holiday cover workers, or people to help fill the hiring gaps on projects. With IR35 extending into the private sector, this could be a reality; and we should be worried that a skilled and flexible workforce of freelancers could soon be extinct. Instead of dealing with the headache of the new regulations, 20 percent of UK businesses said they plan to axe contract workers. Freelancers themselves might be worried about how the new iteration of IR35, due to come into force in April next year, will affect their ability to work, and hastily take on permanent positions. More →

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