News digest from Oct 20, 2022

by irynapavlenko
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Looking for the latest news in the remote and freelance job world? Here, you will find the top of the hottest news and exciting articles about remote and freelance job trends, exclusive tips on how to pivot into a new career sector, and surprising statistics.

According to a new analysis from the Federal Reserve Bank of New York, remote workers enjoy their life more in the USA due to the possibility of sleeping and engaging in leisure activities. Even as the pandemic has waned, more than 15 percent of full-time employees remain fully remote, and an additional 30 percent work in hybrid arrangements. Read more in this news digest. 

Field: Global Work Market

  1. What is impact valuation and how can it measure the business value of social and environmental efforts?

Oct. 20, 2022

  • The global impact investing market, once a niche category, is now worth over $1 trillion.
  • How businesses measure their impact on society and the environment is vitally important to stakeholders.
  • Here we highlight how impact valuation can drive business value and revolutionize how businesses operate.

Source: Weforum

  1. How does Gen Z see its place in the working world? With trepidation

Oct 19, 2022

Americans 18 to 24 years old report high rates of mental-health challenges, impediments to effective work, and worries about the future, our latest American Opportunity Survey shows.

Youth can be an exhilarating time but also one of high anxiety as young people struggle to establish themselves economically and find their place in society. While each generation may encounter struggles and doubts as they join the workforce, Generation Z1 has entered the working world during a global pandemic and amid concerns over rising inflation rates, recession fears, geopolitical conflicts, and climate change. The latest iteration of McKinsey’s American Opportunity Survey (AOS) reveals a generational gap in the workplace, with marked differences among how Gen Z and other generations view themselves, their ability to work effectively, and their futures.

Source: Mckinsey

  1. Ceridian CHRO on Remote work, four-day workweek, and flexibility

HR leaders across the globe are trying to solve the same problem: how do you engage employees in a remote work world?

Ceridian, a global human management capital software firm, is considering all options. The virtual-first organization, which has offices in Gardena and Fountain Valley, California, offers employees flexibility in where, when, and how they work. After all, the COVID-19 pandemic has proven that employees can be just as productive, if not more so, working at home.

Source: Hcamag

Field: Remote Work Market

  1. A forced return to the office? As the job market cools, companies may regain the upper hand with workers 

Oct 20, 2022

A cooling job market is leading to more than a slowdown in hiring, a pickup in layoffs, and growing recession fears.

It appears to be the one force capable of prodding America’s workers out of their homes and back to offices.

The slowing labor market is starting to shift some bargaining power from employees to employers, allowing a growing number of companies to require workers to return to the office at least a few days a week, staffing officials and consultants say. Many businesses are still struggling to find workers, and so the change is in its early stages, but it’s expected to accelerate as hiring pulls back further, and layoffs spread in the months ahead, experts say.

Source: Usatoday

  1. Remote employees are working less, sleeping, and playing more, Fed study finds 

Oct 18, 2022

The COVID-19 pandemic catalyzed a major shift in the way Americans live and work, and a new analysis from the Federal Reserve Bank of New York shows that workers in the U.S. are taking advantage of a widespread shift toward remote work to spend more time sleeping and engaging in leisure activities.

“One of the most enduring shifts [resulting from the pandemic] has occurred in the workplace, with millions of employees making the switch to work from home,” wrote David Dam, a former New York Fed research analyst, in a Tuesday blog post.

“Even as the pandemic has waned, more than 15 percent of full-time employees remain fully remote and an additional 30 percent work in hybrid arrangements,” he wrote. “These changes have substantially reduced time spent commuting to work; in the aggregate, Americans now spend 60 million fewer hours traveling to work each day.”

Source: Marketwatch

  1. Nine remote working trends to look out for in 2022 and 2023

Oct 19, 2022

A recent study shows that the number of job listings globally with a remote component has nearly tripled since 2020 – from an average of 2.5% in January 2020 to almost 8% in April 2021, settling out to 7.5% in September 2021 as lockdown eased.

We shouldn’t be surprised. The recent pandemic was always going to be a catalyst for fast-paced change, and when it comes to remote working trends for 2022 and 2023 you can be sure that remote and hybrid working models will only become more commonly adopted.

Are you on top of the latest remote working trends? Do you know what the future of remote work looks set to bring? In this article, we’ll look at 2022 and 2023’s workforce trends when it comes to remote working to get you ahead of the game.

Source: Unleash

  1. Remote Work and Urban Wages 

Oct 14, 2022

Workers flock to cities in pursuit of higher wages, phenomenon economists call the urban wage premium (UWP). As an economist (and City Journal contributing editor) Edward L. Glaeser has explained, cities offer agglomeration effects that boost productivity and thereby wages, as people and ideas collide. But changes spurred by the pandemic—especially remote work—threaten to undermine this dynamic.

A new paper by Sitian Liu and Yichen Su, “The Effect of Working from Home on the Agglomeration Economies of Cities,” examines employment trends from 2018 through the first five months of 2022, finding that the pandemic-induced switch to remote work has reduced the urban wage premium. Liu and Su analyze wage data from Burning Glass, a company that tracks online job postings and captures about 70 percent of vacancies in the U.S. labor market. Only one-fifth of those postings include wage information, however, so the analysis covers around 14 percent of U.S. job vacancies. The paper also breaks the labor market into segments based on their friendliness to remote work.

Source: City-journal

  1. Office market data shows companies are settling into in-person and remote work

Oct 18, 2022

Since the pandemic, companies have been navigating the debate of whether to return to the office, support remote work or implement a hybrid of both. 

This debate is being represented throughout the office real estate market as third quarter figures are now available. Data shows that companies are starting to understand what mode of work is best for them as some look to reduce premise costs and others recognize that in order to be competitive, remaining in the office is best. 

According to CBRE Canada, the Canadian office market is inching closer to equilibrium with downtown vacancy rates dropping in 7 out of 10 cities, with Vancouver’s being the lowest. However, figures from NAI Commercial show that the market has slowed with an increase in the availability rate. 

Source: BIV

Field: Freelance Market

  1. Employers turn to freelancers to fill tech skill shortages following global layoffs, reports

Oct 13, 2022

Freelancer’s Q3 2022 Fast 50 Index reveals a surge in demand for tech skills, changes in business marketing strategies, and how Ethereum jobs continue to plunge

SYDNEY, Australia –News Direct– FREELANCER.COM (ASX: FLN) (OTCQX: FLNCF), the world’s largest freelancing and crowdsourcing marketplace by the number of users and jobs posted, today released its quarterly Fast 50 Index for Q3 2022 which reveals insights into the fastest growing freelance projects and most in-demand skills.

The index, which is based on data from 296,000 jobs posted on between July 1 to September 30, 2022, reveals a major surge in tech-related jobs in Q3 when compared to Q2 2022 and Q3 2021.


  1. Freelancers: Get Prepared for More Fiscal U-Turns, IR35 Reform Uncertainty
  • The new Chancellor, Jeremy Hunt, has revoked the repeal of the Off-payroll rules that were introduced in 2017 and 2021 to the public and private sectors. Read reactions below
  • IPSE is concerned the scrapped appeal over IR35 reforms will lead to yet more work being off-shored to other territories and more people being forced to work through unregulated umbrella companies.
  • Over the weekend, there were reports that the basic rate income tax cut from 20% to 19% could be delayed for a year – reverting to Rishi Sunak’s original timetable – and announced on 31 October.
  • Jeremy Hunt, the current Chancellor, said on Saturday that tax cuts would not come as swiftly as expected and that some taxes would rise.
  • On Friday, Liz Truss announced that Corporation Tax would rise to 25% in April – reversing the plan to keep it at 19%.

Source: The Freelance Informer

  1. Experts: How to pivot into a new career sector 

The average time a worker stays at a job is a little over four years, according to the Bureau of Labor Statistics. That means there’s a good chance that you’ll find yourself in the market for a new job or even a new career at some point in your working life. Unfortunately, plenty of other people are searching for the same position. If you want to climb the ladder to your dream job, check out these tips for getting ahead of the competition.

Oct 20, 2022

Source: Finance. Yahoo

  1. Women’s participation triples in the gig economy from 2021, pandemic fueled the movement

Oct 14, 2022

She’s got the gig.  A recent report released by Taskmo, a platform that connects temp workers with companies looking for freelancers, said that women’s participation in the semi-formal job market has tripled in 2022 compared to 2021.

Women are increasingly a part of the country’s short-term/freelance job economy, empowered by the changes wrought by the Covid-19 pandemic that now puts the focus on flexibility of job timings, no full-time commitments and lower barriers to entry, making it easier for women to find the right work-life balance compared to conventional full time jobs.

Source: moneycontrol

  1. 3 Ways to Add Purpose to Your Brand 

Oct 20, 2022

I know we’ve all been hearing a lot about adding purpose to our businesses this year, but hear me out. If you want to create a brand that never loses its appeal or market dominance, it’s crucial to make your brand part of something bigger—to give it a purpose that grabs the souls of your target audience and triggers a desire to become part of your brand story at any cost. Make sure your brand stands for something powerful.

Nike understood the assignment when it incorporated inspirational and motivational notes into its branding to create purpose-driven social media campaigns.

Here are three ways to add purpose to your brand.

Source: Forbes

  1. How to Successfully Find a New Job During Uncertain Economic Times 

Oct 17, 2022

A recent FlexJobs survey of over 4,000 professionals found that for the majority, inflation is affecting how they think about their careers.

“Inflation is certainly top of mind for the majority of today’s professionals and is currently impacting their career decisions, including whether to look for a new job with a higher salary or when trying to negotiate a higher salary with their current employer,” Frana said.

“What’s more, one-third of survey respondents cited inflation as being a ‘huge factor’ in their career decisions, while 46% said it is either a factor or a small factor,” she continued. “But while inflation pressures and recession fears can be concerning, we encourage clients and job seekers to remember that hiring still takes place even in times of economic uncertainty.”


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