Rising Cost of Living Is Driving Collaborative Growth Opportunities for SMBs and Freelancers, Survey Shows
2023年3月21日 - 8:00PM
ビジネスワイヤ(英語)
New research from Payoneer shows almost half (46%) of
surveyed freelancers around the world have seen an increase in
demand for their work from global businesses compared to 2021 and
over half (55%) have taken on more work in response to the rising
costs of living.
Payoneer (NASDAQ: PAYO), the financial technology company
empowering the world’s small businesses to transact, do business
and grow globally, has today published findings from its 2023
Freelancer Insights Report.
The fifth edition of Payoneer’s annual report contains responses
from over 2,000 freelancers across 122 countries, detailing the
continued rise in demand for their services as businesses continue
to outsource services to cut costs.
The Covid-19 pandemic accelerated the freelance revolution with
people wanting to seize the flexibility and opportunities in the
new world of global digital commerce and small businesses
increasingly looking to utilize their services. Payoneer’s annual
freelancer survey is a temperature check of the global freelancer
economy and the businesses that hire them, looking at areas such as
demand for services, sector growth, response to macroeconomic
pressures and wellbeing.
The survey shows that demand for freelance work continues to
trend up, continuing the trend that was seen at the start of the
pandemic. Despite the fears of a global economic slowdown,
respondents are seeing an increasing demand from digital businesses
looking to augment teams as they grow across borders.
The key findings from the 2023 Freelancer Insights Report
include:
- Almost half (46%) of the surveyed freelancers around the world
report that they have seen an increase in demand for their work
from the global businesses that hire them compared to 2021.
- Over half (55%) also report that they have taken on more work
in response to the rising costs of living compared to 2021.
Freelancers are taking action, with 41% raising their rates and 32%
expanding to new geographies.
- 73% of respondents identified finding new clients as their
biggest challenge.
- The fields of programming, marketing, project management, and
web design saw the most significant increases in demand over the
past year.
- The gender pay gap is narrower in freelance work, but men are
still more likely to charge higher rates. Women are 8% less likely
to increase their rates and men’s rates grow faster over time than
those by female freelancers. The average hourly rate for female
freelancers is $22 compared to $24 for men.
Adam Cohen, Chief Growth Officer at Payoneer, commented on
the findings:
“We are living through a digital commerce revolution and the
global freelancer economy is clearly an integral part of that.
These survey results show that there are huge opportunities for
SMBs around the world to tap into what is now a truly borderless
workforce. The continued growth across SMBs and freelancers has a
mutually positive impact as they open doors of opportunity for one
another and we expect to continue to see them flourish in a
digital-first environment. A competitive market might mean that
some freelancers are struggling to find the right work but the
opportunities in the marketplace remain available to them and they
continue to show resilience in the face of significant economic
pressures.
“We are proud to be playing our role in facilitating their
success in the global digital commerce system and look toward the
future with optimism for SMBs and freelancers alike.”
Payoneer’s full report can be found here: 2023 Freelancer
Insights Report
About the research
The fifth edition of Payoneer’s Freelancer Insights Report is a
compilation of responses from over 2,000 freelancers across 122
countries, all of whom are Payoneer customers. Once again, the
survey highlights how extremely resilient the freelancing industry
can be in the face of new challenges, providing interesting
insights into how SMBs can leverage this important resource in the
year ahead.
About Payoneer
Payoneer is the financial technology company empowering the
world’s small businesses to transact, do business and grow
globally. Payoneer was founded in 2005 with the belief that talent
is equally distributed, but opportunity is not. It is our mission
to enable anyone anywhere to participate and succeed in the global
digital economy. Since our founding, we have built a global
financial platform that has already made it easier for millions of
SMBs, particularly in emerging markets, to pay and get paid, manage
their funds, and grow their business.
Forward-Looking Statements
This press release includes, and oral statements made from time
to time by representatives of Payoneer, may be considered
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
relate to future events or Payoneer’s future financial or operating
performance. For example, projections of future volume, revenue,
transaction cost and adjusted EBITDA are forward-looking
statements. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expect,”
“intend,” “plan,” “will,” “estimate,” “anticipate,” “believe,”
“predict,” “potential” or “continue,” or the negatives of these
terms or variations of them or similar terminology. Such
forward-looking statements are subject to risks, uncertainties, and
other factors which could cause actual results to differ materially
from those expressed or implied by such forward looking statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by Payoneer and its
management, as the case may be, are inherently uncertain. Factors
that may cause actual results to differ materially from current
expectations include, but are not limited to: (1) changes in
applicable laws or regulations; (2) the possibility that Payoneer
may be adversely affected by geopolitical and other economic,
business and/or competitive factors; (3) Payoneer’s estimates of
its financial performance; (4) the outcome of any legal
proceedings; and (5) other risks and uncertainties set forth in
Payoneer’s Annual Report on Form 10-K for the period ended December
31, 2022 and future reports that Payoneer may file with the SEC
from time to time. Nothing in this press release should be regarded
as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward-looking statements will be
achieved. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. Payoneer
does not undertake any duty to update these forward-looking
statements.
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