{"id":35253,"date":"2019-05-23T11:41:57","date_gmt":"2019-05-23T03:41:57","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=35253"},"modified":"2019-05-23T11:41:55","modified_gmt":"2019-05-23T03:41:55","slug":"92-of-filipino-freelancers-say-job-stability-is-a-key-concern-paypal-survey","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2019\/05\/23\/92-of-filipino-freelancers-say-job-stability-is-a-key-concern-paypal-survey\/","title":{"rendered":"92% of Filipino freelancers say job stability is a key concern \u2014 PayPal survey"},"content":{"rendered":"\n

An online survey of Filipino freelancers by PayPal found that 92% of those surveyed saw \u201cjob stability\u201d as a key concern for their careers. <\/strong><\/p>\n\n\n\n

\u201cThe Philippines has one of the largest proportions of freelancers to total population in the world, with 2% of its economy made up of freelancers,\u201d said Nagesh Devata, GM for PayPal Southeast Asia Cross-Border Trade. \u201cWhile flexibility and autonomy are some of the core benefits of freelancing, participating in the gig economy does come with its own set of challenges \u2013 and job stability is one of them. As freelancers move from contract to contract, it\u2019s difficult to forecast their businesses.\u201d\u00a0 <\/p>\n\n\n\n

The survey was conducted by PayPal in\nApril to better understand the needs of freelancers[1]<\/a>.\nThe Philippines is home to a vibrant gig economy, with an estimated 1.5 million\nfreelancers[2]<\/a> in\nthe country. This is a segment that is fast becoming an influential part of the\nFilipino workforce and a key engine driving the growth of its economy.<\/p>\n\n\n\n

Aside from highlighting job stability as\na key challenge, the survey also revealed the various strategies that\nfreelancers employ to sustain a pipeline. <\/p>\n\n\n\n

Freelancing\nfor multiple clients<\/strong><\/p>\n\n\n\n

One of the key ways to ensure job\nstability is to freelance for multiple clients. As indicated in the survey, 64%\nof Filipino Freelancers say that \u2018Having more than one client\u2019 is important to\nsucceeding as a freelancer. This allows them to hedge the unpredictability of\nwork and diversify their income streams. Many have embraced this strategy with\n6 in 10 of the respondents stating that they currently have two clients or\nmore.<\/p>\n\n\n\n

\u201cFrom working with the freelancer community\nin the Philippines for the past few years, we have seen that the more\nexperienced freelancers have learned to work around the \u2018job stability\u2019\nchallenge by investing in client relationships and managing their time across\nmultiple clients,\u201d Devata said.<\/p>\n\n\n\n

This is evident in the survey results,\nwhere nearly 54% of the respondents stated that building client relationships\nis the best approach to improving job stability. Other approaches include charging\nhigher rates (20%) and upskilling with additional training (14%).<\/p>\n\n\n\n

\u201cAs in any industry, an important aspect\nof creating stability in business is building new client relationships and\nmaintaining existing ones. This is true for freelancers as well. Happy and\nloyal clients ensure sustainable long-term success,\u201d Devata added.<\/p>\n\n\n\n

Even as freelancers look to increase\ntheir client pool to ensure job stability, they face the challenges that comes\nwith having and juggling multiple clients. The respondents cited \u2018Time management\u2019\n(69%) as the biggest challenge, followed by Different Client Requests (12%),\nand Building New Client Relationships (6%).<\/p>\n\n\n\n

Seamless\ncross-border transactions<\/strong><\/p>\n\n\n\n

Another challenge to managing multiple\njobs from various companies or employers across the globe is having a\ncross-border payments platform \/ system that allows freelancers to receive\npayment, and get paid on time. <\/p>\n\n\n\n

\u201cMost of these freelancers work online\nand remotely for employers from outside the Philippines, with a majority of\nthem from the United States, Australia, the United Kingdom and Canada[3]<\/a>.\nBy facilitating cross-border payments seamlessly with our industry-leading\nproducts, strong strategic partnerships and global outreach PayPal is an\ninternational bridge for freelancers and businesses, especially SMEs. Besides\nproviding freelancers access to funds quickly, we also empower them by\nproviding access to global customers, helping them to widen and increase their\nclient pool, which they\u2019ve indicated in the survey is key to ensuring job\nstability for them,\u201d Devata said.  <\/p>\n\n\n\n

With offerings like PayPal Business mobile\napp and PayPal.MeTM<\/sup>, PayPal enables freelancers and small businesses\nto invoice their clients and customers on-the-go as well as track all of their incoming\npayments through their phones. <\/p>\n\n\n\n

\u201cBy\nenabling freelancers\u2019 access to the digital economy on a secure platform, we\nhope to continue to play an important role in not only helping them to survive,\nbut to scale and realize their growth ambitions,\u201d Devata pointed out.
<\/p>\n\n\n\n

\n\n\n\n

[1]<\/a> The survey was conducted from 18 April 2019 to 19 April 2019. The\nresults gathered was based on responses from 173 participants who took the\nsurvey. <\/p>\n\n\n\n

[2]<\/a> Business Mirror, Rise of Freelance\nWork Force<\/em>, 16 August 2019<\/a><\/p>\n\n\n\n

[3]<\/a>\nPayPal &\nFreelancers Philippines Report, October 2017<\/p>\n","protected":false},"excerpt":{"rendered":"

The Philippines has one of the largest proportions of freelancers to total population in the world, with 2% of its economy made up of freelancers.<\/p>\n","protected":false},"author":6,"featured_media":35254,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[6498,6151,828,96],"class_list":["post-35253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-good-tech","tag-high-tech","tag-paypal","tag-technology"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/35253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=35253"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/35253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/35254"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=35253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=35253"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=35253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}