A recent study has shattered the myth that, in tumultuous economic times as these, full-time employees are forced into contract and freelance work due to layoffs and cutbacks. This study found that Contractors actually prefer the independent lifestyle, and, counter to popular belief, many individuals are choosing self employment. A mere 13% of respondents were forced into contract work due to layoffs, and 80% of accidental contractors say they are happier now than they were before engaging in contract work.
Freelance and Contract work empowers women and men to lead the lives they want to live. 30% of female respondents and many men want to have schedules that accommodate the demands of daily life. They chose to be self employed because contract work makes this flexibility possible. Similarly, individuals have grown tired of answering to someone else, therefore over 20% of surveyed men, and many women, cited a desire to be their own boss as their top reason for switching to contract work. Over half of the respondents were between 30 and 49 years of age, which indicates that Generations X and Y are switching to and finding success in contract work.
The study also pointed out that while the majority of respondents work full time as Contractors, some also use contract work for supplemental income. Contract work gives individuals the ability to increase their means because it affords more freedom to choose projects that work with an already busy schedule. This is also a great way for new graduates or people looking to switch careers to gain valuable job experience without sacrificing income.
The study found that optimism about future business prospects is high among contractors even though it also found that finding clients is the biggest challenge that contractors face today. Contractors primarily rely on referrals and networking to find work, and over 45% indicated they intend to leverage their personal network more in the coming year. However, over 45% also specified that they intend to social media more in their search for clients.
Contract workers currently represent 25% of the Canadian workforce, and this percentage is growing. People aren’t being forced into contract work due to layoffs; they are increasingly finding that contract work will allow them to enhance their lives both personally and professionally.
To find out how you can become a contract worker, contact CWS at
Sales & Marketing Manager
Phone: 1-866-837-8630 Ex. 9077
All statistics were found in: Gandia, Ed. 2011 Freelance Industry Report: Data and Analysis of Freelancer Demographics, Earnings, Habits and Attitudes. Sept, 2011. http://d3go1ztdjepprc.cloudfront.net/ifd2011/FreelanceIndustryReport2011.pdf