A survey from ETZ Payments has found that 58 per cent of Brits – 17.9 million people – think the most popular method of working in the future will be flexible working. Not only that but it seems clear that the future brings a big swing towards flexible and freelance working with many valuing the opportunity to have a better work/life balance as well as take more time to embrace hobbies and family time. Among the surveys findings were:
- 35 per cent of Brits – 10.6 million people – would rather have flexible working options than a pay rise
- 22 per cent of Brits – 7.1 million people – switched to working freelance from working 9-5 to achieve a better work/life balance, and now feel happier
- 43 per cent of Brits – 13 million people – think that flexible hours are the most important thing to them when choosing a job
- 47 per cent of Brits – 12.6 million people – would convert from 9-5 to working flexibly if they knew that they would get paid regularly
- 30 per cent of Brits – 7.5 million people – would earn more if they worked as a freelancer, but they choose not to due to inconsistent payment structures
Despite common misconceptions, the gig economy is not limited to app-enabled low-skilled workers, but many highly-skilled employees are taking advantage of freelance work. ETZ Payment’s research found that 22 per cent of middle class workers (ABC1 workers) switched to working freelance from working 9-5 to achieve a better work/life balance, and now feel happier and 48 per cent of middle class workers found that flexible hours are the most important thing to me when choosing a job.
“It is clear from our research that there is a demand to work flexibly,” said Nick Woodward, CEO of ETZ Payments, “This is especially pertinent over the summer months when many parents are looking to stay at home to avoid paying for childcare. Recruiters and HR departments should look to move with this demand and offer flexible working for employees. It is equally important that they have payment systems in place that can deal with flexible and freelance workers as many HR departments fear freelancers due to the numerous invoices and timesheets that come with hiring freelance workers. These can be avoided with the right timesheet software.”