One in every five Indian freelancers is a woman, according to a study by global digital payment firm Payoneer.
Most women in India freelance for online marketplaces, with a major chunk of clients based in the United States and average work times of 2-2.5 hours.
Female freelancers earn on average 84% that of men, across all disciplines. Women, however, earn more than men in marketing and web and graphic design.
The Global Freelancer Income Report 2020 survey was conducted on 7,000 freelancers from 150 countries, to figure out how the working trend of freelancing has created higher incomes, new job opportunities, independence.
Freelancing’s popularity is attributed to the potential for greater job opportunity, independence, higher income and a move in the direction of wage equality, it found. While 83% of freelancers work from home, 17% work from coffee shops, coworking spaces, library and private offices, the report says.
In India, schemes like Startup India, Skill India and Digital India encourage young individuals to start their own businesses and work as freelancers.
“The freelancing economy has grown exponentially over the past decade,” said Scott Galit, CEO, Payoneer. “Freelancers from all walks of life and every corner of the world are empowered to acquire work, set their own wages, market their skills, and get paid how and when they want,” he added.
The freelance workforce is young, with nearly 70% of freelancers surveyed under the age of 35, and 21% are under 25. Older generations find freelancing a way to stay relevant.
In Asia, 82% of respondents were under 35, compared to North America where the number was closer to 47%.
The worldwide average hourly rate charged by freelancers is $21, higher than the $19 average rate reported in Payoneer’s 2018 survey and significantly higher than the average salaries in many of the countries surveyed.
Source: The original article was published in Economic Times IndiaTimes.com