Here’s how many people started freelancing over the past year

The research shows that more people have turned to freelancing alongside employee jobs during the pandemic

freelancers

Here’s how many people started freelancing over the past year. Source: shutterstock.com

New research from PeoplePerHour has found that nearly 1 in 5 freelancers (19%) are now self-employed as a side-hustle alongside an employee position.

At the same time, 37% of these said they started freelancing in the last 12 months, suggesting a spike in the number of side-hustlers during the pandemic. Nearly a quarter of those freelancers surveyed also said they had gone into self-employment to add to their main income.

According to the research, this trend will continue, with 98% of side-hustlers saying they plan to continue freelancing in some form. Of these, 13% said they planned to take their side-gig full-time. Meanwhile, 22% planned to work part-time as a freelancer and 33% said they would continue freelancing alongside a full-time employee position.

People’s motivations for taking up freelancing are overwhelmingly positive, with over half (55%) citing desiring greater flexibility and over two-fifths (44%) saying they wanted to increase their income.

The data highlights that almost a quarter of a million (227,000) people applied to use the platform in 2020, up from 136,000 in 2019.

There has been a remarkable increase in the number of people working a freelance side-hustle. This seems to be a function of the additional time many employees have got out of the pandemic – whether because they have been furloughed, unable to work their normal jobs, or simply because they are no longer losing time to the daily commute
Andy Chamberlain, Director of Policy at IPSE (the Association of Independent Professionals and the Self-Employed)

We’ve reported that Germany’s digital bank brings cashless payments for freelancers.

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