By Daniel Hunter
Freelancers’ confidence in both business and the economy has been restored after dips in the previous quarter, research published today has revealed.
A survey of nearly 1,000 UK freelancers consisting of members of IPSE (The Association of Independent Professionals and the Self Employed) and registered freelancers on Elance-oDesk, a global leader in online work, found a net positive outlook on business prospects, perhaps due to an increase in the volume of work and day rates.
The survey results published today in IPSE’s Freelancer Confidence Index also found increasing confidence in the UK economy, reversing the trend over the last three quarters.
Suneeta Johal, Head of Research, Education and Training at IPSE, said: “The survey shows a welcome return of business confidence both in freelancers’ businesses and in the economy.
“This optimism is accompanied by an increase in both net earnings and day rates. Over the last twelve months day rates have risen 5.6%, which along with an increase in the number of days worked, has contributed greatly to freelancer earnings outperforming that of employees and the increasing business confidence seen in the report.”
The freelancer confidence index also found that freelancers continue to outperform the earnings of typical employees by a considerable margin, with average quarterly earnings reaching £30,000, roughly 20% more than employees earn in a year.