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🔵Global Freelancing Market Stats

➡️Almost half of workers worldwide are freelancers (World Bank)

World Bank data shows that 46.7% of all workers worldwide are self-employed.

➡️The total number of freelancers globally is estimated to be 1.57 billion people out of a total global workforce of 3.38 billion.

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🔵Worldwide, freelancers earn an average of $21 per hour

➡️The hourly rate for freelancers averages $21 per hour

🔥On average, freelancers working in web/mobile development, marketing, legal, accounting, and other skilled services earn $28 per hour. This rate is higher than 70% of all hourly wages in the US.

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🔵Freelance Platforms Software Statistics

51% – web, mobile, and software development 46% – marketing.

➡️Freelancing statistics show 65% of freelancers use software or other tech project management and daily operators while around half use these resources for accounting, taxes, and personal assistance or scheduling.

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⭐️Staffing Firms vs. Freelancers

So what is the culmination of all this partnership among freelancers and digital transformation over the years?

💫It all paid off handsomely, to the point that hiring managers now prefer independent talent rather than those provided by staffing firms for the following reasons:

📌62% – to complete projects faster
📌55% – to reduce costs
📌49% – access to highly skilled quality talent
📌49% – to increase transparency in the process

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⚡️Am I A Freelancer, Sole Trader Or Self Employed?

🎥A common problem for those who take the leap from employment into being their own boss is wondering how to describe themselves. Am I suddenly a CEO of something? The MD? A freelancer? Something else?

🎥They all exist in the same professional realm, so the terms do overlap but there are nuances between them which are important to note for legal and financial reasons.

❗️What does it mean to be self-employed?

💫As the name implies, being self-employed is where you work for yourself rather than as an employee of someone else. Self-employment means you own your own business and are responsible for your own income.

💫Self-employed business owners may also employ staff and be responsible for paying their wages (and relevant employee contributions like National Insurance and pension) too.

💻Read more

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🍸Growth Of Freelancing

More workers are ditching their 9-5 and job status of working for others in favor of taking up the freelance lifestyle. Though already a very big industry, the following freelance statistics reveal that it will continue to grow in the coming years.

📆 As the number of freelance platforms grows, the number of jobs and workers available to fill those jobs also grows. Similarly, the more freelancers there are, the more platforms are being created to serve them.

➡️ There are 4 million more freelance workers currently than 6 years ago, in 2014.

➡️ Experts estimate that by 2027, the majority of the workforce in the United States will be freelancers.

➡️ In the United Kingdom, the amount of workers freelancing has grown by 14% in the past decade.

➡️ Over half of the freelance working pool says that they wouldn’t return to a traditional job structure.

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👍Most Popular Freelancer Jobs

Freelance jobs are branching out to almost every industry now. No longer is it only the key plays of writers and IT developers, but also industries like customer service and medical jobs becoming part of the freelance economy. 👕

💡 Most of the workers in the art and design industry are freelancers, at 75%.

💡 The field of entertainment also has 55% of its workers in the United States as freelancers.

💡Construction is another field that has a majority pool of its workforce in the freelance category, at 55%.

💡On the freelance platform Upwork, average content writers earn anywhere from $10 to $80 USD per hour.

💡Some copywriters can earn up to $250 USD an hour, though this is rarer.

💡Graphic designers can earn up to $150 USD per hour on Upwork as an average, making design more lucrative than standard content writers.

💡 Software developers and coders also have the potential to earn up to $1,000 USD per hour, revealing that the more specialized the role, the more potential earnings.

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