We have prepared the latest news in the global work market, remote jobs, and freelance market fields. We hope this news digest will help you keep abreast of the latest global remote and freelance job market trends.
According to the Forbes survey, freelancers are increasingly respected and sought after. Two-thirds of freelancers are satisfied with their careers, work-life balance, and compensation. 40% of full-time employees in the US have a side-gig. 90% plus of corporate leaders in a recent global survey said they utilize freelancers and say they will increase their reliance. Read more in this news digest!
Field: Global Work Market
- Managers are struggling. How can employers help them adapt and survive?
Oct 12, 2022
It’s been a turbulent three years for employers. The pandemic has been an uncompromising period of enforced social distancing, deep-cleaning, shutdowns, a new home-working culture, live stream meetings, re-opening, re-closing, and re-opening. On top of that, employers have been managing “The Great Resignation” as thousands of employees have chosen to seek new pastures.
For many employees, this same turbulence has led to new opportunities, with flexible and remote working generating an exciting new jobs market, but The Adecco Group’s Global Workforce of the Future Report 2022 suggests the middle manager is struggling.
Source: Weforum
- Blockchain: A fix for the broken data layer underlying the global labor market
Oct 8, 2022
With the arrival of the commercial internet in the 1990s, data collection efforts began exponentially ramping up to generate mountains of information. The personal data users give away for free is transformed into a precious commodity. For a long time, brands could do this unabated, and consumers did not voice their concerns. However, that’s beginning to change. According to the Pew Research Center, 79% of Americans now report being concerned and confused and feeling a lack of control about how companies use their personal information. These growing concerns and the cascade of privacy scandals that have come to light in recent years are driving legislatures towards much more rigorous privacy legislation and enforcement.
Source: Venturebeat
- The global war for talent: the impact of Covid and the exodus of Russian tech workers
Oct 12, 2022
According to the 2022 World Migration Report, there is an estimated 281 million international migrants (according to the latest available data from 2020). Nearly two-thirds of them—169 million—are labor migrants.
In 2020, the United States remained the primary destination for 51 million international migrants. Germany was the second most prominent destination (16 million migrants), with Saudi Arabia, Russia, and the U.K. rounding out the top five destination countries.
Source: Forbes
- Charting the Global Economy: US Labor Market Remains Firm
Oct 8, 2022
The US labor market remained on firm footing as the jobless rate returned to an historic low and payrolls rose at a solid clip, leaving the Federal Reserve on track to deliver yet another huge interest-rate hike.
In the UK, energy costs that are expected to skyrocket in the coming months have already wreaked havoc on the nation’s businesses in the wake of Russia’s invasion of Ukraine. Corporate insolvencies rose in the second quarter to the highest since 2009.
Source: Bloomberg
- Transatlantic jobs market “coming off the boil” as vacancy numbers drop
Oct 10, 2022
The hiring frenzy that has gripped developed economies since the coronavirus pandemic is starting to ease as employers worry about rising costs, falling demand, and a darkening economic outlook. On both sides of the Atlantic, unemployment rates remain low. But data published in the past week suggest vacancies are falling from historically high levels, and companies are becoming more cautious about taking on staff. If it persists, this combination is good news for central bankers keen to cool wage growth in their battle with high inflation without triggering a surge in unemployment.
Resource: Financial Times
Field: Remote Work Market
- Remote work could keep fueling high turnover: “The map is open for job seekers”
Oct 7, 2022
More than 4 million people quit their jobs in August, marking the 15th straight month, whereas many people left their old jobs for something new. That’s despite months of headlines indicating companies are easing up on hiring, rescinding offers, and laying off workers to prepare for an economic downturn — one that’s yet to materialize.
At its peak, 4.5 million total non-farm workers — which excludes proprietors, private household employees, unpaid volunteers, farm employees, and the unincorporated self-employed — quit in November 2021, and momentum has remained strong.
The novelty of high turnover is becoming the new normal, says Anthony Klotz, an organizational psychologist and UCL management professor who coined the term “Great Resignation” in 2021.
Resource: CNBC
- You are going back to the office. Your boss isn’t
Oct 12, 2022
The relationship between rank-and-file office workers and their bosses has never been equal. But remote work is creating a new kind of imbalance between certain people in leadership and their employees, and it’s stirring up resentment at work. Many managers — from middle management to the C-suite, depending on the workplace — continue to work remotely, but at the same time, call their employees back to the office. Employees are getting angry and fighting back in the few ways they can: not showing up to the office or looking for work someplace else.
Source: Vox
- So you want to work remotely: a guide
Oct 11, 2022
Months into the pandemic, Jess Romano moved from California to Croatia, becoming the third person to receive that country’s “digital nomad” visa when it launched in 2021. “When I worked in the office, my time off — and more important — the flexibility around where, when, and how I could work was limited,” she said. “Now I can spend months or years at a time living and exploring new places while working full-time.”
Now, as coronavirus cases have fallen and working patterns are being reestablished, many companies are acknowledging the seismic shifts in the workplace and giving their employees increased flexibility about where they work in both the long and short term.
Source: The New York Times
- 21 in-demand remote jobs that pay more than $ 100,000 per year – and where to find them
Oct 7, 2022
The return-to-office surge might be picking up steam across the U.S., but the remote job market remains strong.
According to Ladders, 25% of all professional jobs in North America will be remote by the end of 2022, and the number of remote job opportunities will continue to rise through 2023.
In pre-pandemic times, when remote hiring was more fringe, six-figure remote jobs were more regulated to senior and highly specialized positions, Kathy Gardner, the vice president of communications at FlexJobs, the career site dedicated to remote work, tells CNBC Make It.
Source: CNBC
- Housing Crisis Threatening Job Growth as Vacancies Increase 6,9 %
Oct 13, 2022
The latest Morgan McKinley quarterly employment monitor shows that the number of professional job opportunities increased by 6.9% in the third quarter.
However, there was a 3.3% decline in the number of professionals actively seeking new jobs compared to the second. The study measures the pulse of the jobs market by tracking both permanent and contract job vacancies and new candidates.
The housing and cost-of-living crises are majorly impacting hiring, with Dublin-based companies particularly struggling to find talent due to limited accommodation.
The market remains candidate-driven, with salaries under upward pressure across most sectors, pushed not only by inflation but skill shortages and multiple options for candidates to choose from.
Source: businessplus
Field: Freelance Market
- The Freelance Revolution Is Ahead of Schedule
Oct 8, 2022
We know now that freelancers are increasingly respected and sought after. Two-thirds of freelancers are satisfied with their careers, work-life balance, and compensation. 40% of full-time employees in the US have a side-gig. 90% plus of corporate leaders in a recent global survey said they utilize freelancers and say they will increase their reliance. During the current recessionary period, almost 80% of employers say they are increasing their use of freelancers as they suspend full-time hires.
In fact, 80% of employees recently opined that they are attracted to a freelancing career and would seriously consider it but for concerns about income volatility, loss of benefits, and fear of loneliness.
Source: Forbes
- This Is the One Rule You Have to Follow as a Freelancer
Oct 12, 2022
Working as a freelancer can sometimes be much more lucrative than working for an employer. You also have the ability to set your own schedule if you freelance. And you have a lot more control over the direction of your career and the amount of money that ends up in your bank account when you are your own boss.
However, you also don’t have the job security or guaranteed income that can come with earning a set wage. This means you need to make smart decisions in order to be profitable. In order to do that, there’s one key rule you must follow if you want to be successful working for yourself.
Source: Nasdaq
- 7 Must-Have Gadgets for Freelancers
Oct 8, 2022
Every successful business requires tangible and intangible assets to facilitate its progression. Some of these assets are foundational, while others take a more secondary stance. For the freelancing business, assets could be gadgets and tools that make the job easier. They could vary across industries and positions. Yet, some are essential for anyone in the freelance space.
This article explores secondary freelancing gadgets—beyond the basics like a smartphone, tablet, and PC—that will improve the quality of your service delivery. These gadgets could also serve as long-term investments to make your freelancing journey worthwhile. Let’s get right into them.
Source: Makeuseof
- 5 Ugly Truths About Being a Gig Worker
Oct 13, 2022
You Don’t Get Employee Benefits
The No. 1 disadvantage of being a gig worker is the lack of employee benefits — 39% of those surveyed said this was a major downside of not having a full-time gig.
While some employers will extend benefits to gig workers, many do not — a recent study conducted by the Robert Wood Johnson Foundation found that 81% of workers in traditional employment arrangements had access to employer-sponsored health insurance versus 55% of workers with nonstandard jobs. And health insurance can be a major expense — the average monthly premium for individual coverage is $484, according to eHealth.
Source: Finance. Yahoo
- 8 Best Countries to Hire Freelance Symphony Developers
Oct 9, 2022
Finding a Symfony development expert can be a daunting task, especially if you live in an area where talent is scarce.
It’s one reason why many companies outsource their development team by hiring freelancers to do the job for them.
In this article, we’ll list some of the best countries to find freelance Symfony developers to help you assemble a team as quickly as possible.
So, without any further ado, let’s get right to the bottom of it.
Source: thevideoink
