Umbrella company contractors will be interested to learn that a new survey has revealed that contracting and freelancing has a 'significantly positive' effect on well-being.
The report, compiled by the Association of Independent Professionals and the Self Employed (IPSE) surveyed just over 1,000 self-employed workers, finding that as many as 84% are 'very satisfied' with their contracting career.
Comparing these findings to a recent CIPD report, only 64% of employees felt the same way.
Looking at their reasons for wanting to join the freelancing sector, the results show:
· A better work / life balance - 60%
· Control over work - 60%
· Increased earning potential – 60%
· I have greater control of my hours – 53%
· I want to start my own business / be entrepreneurial – 44%
· Freelance work is common or standard in my sector – 34%
· I do not like reporting to someone else – 25%
· I lost my previous job – 18%
· I had no other option but freelancing – 13%
Suneeta Johal, IPSE’s Head of Research, Education & Training, commented on the recent findings, “While it’s true that working for yourself can be hard, we found that freelancing can be a very rewarding way to work. Freelancers tend to be happier and more motivated than employees, so it would be no surprise if this way of working continued to grow in popularity.
"For most people freelancing is a very positive choice offering greater control over how you spend your life and this is reflected in the overwhelming number who are satisfied with self-employment."