Virtual Vocations, a trusted remote job board and career services provider, has released its 2024 freelancing survey. Based on responses from 500 workers, the survey provides a comprehensive look at the motivations, experiences, and challenges of freelancers and those curious about self-employment.
Key Findings:
- Freelancing Experience:
- Two-thirds of workers surveyed have freelancing experience.
- Work-Life Balance:
- 73% of current and former freelancers rate their work-life balance at 6+ on a 10-point scale, compared to 58% of non-freelancers.
- Freelancing as a Side Hustle:
- 18% of active freelancers juggle freelancing alongside full-time work.
- 39% of former freelancers worked full-time while freelancing.
- Freelancing as a Primary Income Source:
- 35% of active freelancers rely on freelancing for their main income.
- Motivations for Freelancing:
- Flexibility and the ability to work from home are the top reasons for choosing freelancing.
- Challenges for Former Freelancers:
- Inconsistent job opportunities led many to leave freelancing.
- 88% of former freelancers are open to returning to freelancing.
- Importance of Support Networks:
- 64% of former freelancers lacked strong support systems.
- 60% believe freelancer communities could have encouraged them to continue.
- Future of Freelancing:
- 42% of active freelancers plan to freelance indefinitely, unable to imagine traditional employment.
Expert Insight:
Laura Spawn, CEO and Co-Founder of Virtual Vocations, stated,
“These findings highlight a growing desire for career independence and balance. Virtual Vocations remains committed to empowering freelancers with remote opportunities and resources to overcome challenges.”
The 2024 Freelancing Survey sheds light on a workforce valuing flexibility, autonomy, and community. As freelancing continues to evolve, Virtual Vocations supports professionals navigating this dynamic landscape.
