Why older workers are more likely to freelance than millennials

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The time period “freelancer” typically conjures pictures of millennial or Gen Z staff who turned to freelance or gig financial system work when could not discover a full-time job. However in actuality, extra Gen Xers (35%) and child boomers (33%) are freelancing as their sole supply of revenue than millennials (22%), in accordance with a Tuesday report from FlexJobs.

Primarily based on a survey of 1,000 freelancers, the typical full-time freelance employee is a feminine Gen Xer working within the writing, advertising and marketing, enhancing, or inventive profession fields. This particular person works primarily for small firms and people, and juggles two to a few jobs at a time, the report discovered. The common employee freelances by alternative, and has been doing so for a minimum of three years, and envisions persevering with one of these profession for the long-term, although they’ve labored at conventional firms prior to now.

Greater than 56.7 million Individuals work freelance jobs right now—a rise of three.7 million since 2014, and representing 35% of the inhabitants, in accordance with a report from Upwork and Freelancers Union. Expertise has aided the expansion of the freelance financial system by making it simpler to seek out work, that report famous.

SEE: The way forward for IT jobs: A enterprise chief’s information (Tech Professional Analysis)

“Some would possibly suppose the freelance financial system is rising as a result of staff cannot discover conventional jobs, however current research clearly point out that staff are freelancing increasingly more out of alternative — they’re proactively opting out of the standard workforce,” Sara Sutton, founder and CEO of FlexJobs, stated in a press launch. “This rising curiosity in and keenness for the freelance financial system is yet one more indication that the 9-5 workplace association is not suitable with a lot of the workforce’s way of life.”

Freelance staff discover their purchasers primarily by means of networking (63%), job websites (47%), and social media (37%), in accordance with the report. The bulk (83%) do their work from home, reasonably than at a espresso store or co-working house.

One quarter of full-time freelancers stated they make more cash now than they did in a conventional job, and 21% stated they make related quantities of cash. Whereas 52% stated they make much less cash, 68% stated they’re much less confused, the report discovered. The biggest challenges for these staff are discovering purchasers (69%) and predictable revenue movement (69%). Nonetheless, about half (49%) stated they’re saving for retirement, and 69% stated they’ve medical health insurance.

To be taught extra in regards to the high abilities wanted to land a contract job, click on right here.

The massive takeaways for tech leaders:

  • Extra Gen Xers (35%) and child boomers (33%) are freelancing as their sole supply of revenue than millennials (22%). — FlexJobs, 2018
  • Freelance staff discover their purchasers primarily by means of networking (63%), job websites (47%), and social media (37%). — FlexJobs, 2018

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Picture: iStockphoto/Liderina

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