Increasing Numbers Of Pensioners Turn To Freelancing
Released on: March 05, 2012, 9:20 am
Outsource My Project
Industry: Internet & Online
An increasing number of pensioners are turning to freelance
work in order to boost their pension pots, according to research
carried out by Future Foundation.
The study conducted for pension provider Friends Life suggests that enterprising
pensioners take freelance jobs as consultants, set up as online traders and
establish their own businesses, in order to supplement their retirement savings.
Researchers tagged the group 'wearies' (working, entrepreneurial and active
retirees), saying that due to inadequate savings, by 2020 many people who are in
their seventies will simply not be able to afford to completely give up work.
Martin Palmer, Head of Corporate Benefits Marketing at Friends Life, said: "Necessity is the mother of invention and 'wearies' will be among the most
innovative and entrepreneurial contributors to the UK economy, despite their senior
Just over half of the people surveyed who had already retired said they would be
prepared to work part-time if it meant they could boost their pension pot, with
three-quarters of those yet to retire saying they would be willing to do the same.
Unemployment could be set to rise further, potentially leading even more people to
consider freelance work in the very near future. According to the Wall Street
Journal, Adam Posen suggested in a speech at Nottingham Business School that
hoarding of labour may have restricted productivity growth in certain sections of
the UK economy, saying: “If market discipline hits the dawdlers, then most of the
productivity puzzle goes away.”
However, Mr. Posen suggested that many of those made redundant would eventually find
new work as the economy adjusts towards more productive industries. He also insisted
that the financial crisis had not permanently damaged Britain’s economy, and that it
could resume growth further down the line.
It’s thanks to the capabilities of the internet that continually aids freelancers in
finding work, especially the many outsourcing websites. One outsourcing website in
particular, called OutsourceMyProject, has seen a noticeable increase in the amount
of freelancers bidding on the projects posted on the website, by many different
Loren Holland, Managing Director of OutsourceMyProject said: ”The demand for
freelance work is continually increasing. With over £1 million worth of projects
posted on our site last year alone, freelancers of all ages are securing work
He went on to say: “The service OutsourceMyProject provides is hassle-free and the
ideal way for businesses to find the exact talent they are looking for. By choosing
a quote that fits within their budget, businesses are able to increase their chances
of surviving a recession by saving money at every opportunity, while freelancers are
able to boost their income by putting their knowledge and skills to good use.”
OutsourceMyProject is a UK based platform that’s been created to open up the global
market place for professional services across a wide range of sectors. To date, the
concept of outsourcing professional services has been limited to large companies and
organisations. However, OutsourceMyProject enables small and medium sized
organisations, entrepreneurs and individuals to successfully outsource business both
at home and abroad too.
Established in January 2011, Outsource My Project aims to bring together organisations looking to outsource business functions or projects with freelance providers of professional services. Following the website launch, more than 10,000 providers have registered to offer their service through the website and bid on over £1 million worth of freelance work. Furthermore thousands of businesses look to find a freelance graphic designer, freelance logo designer, freelance photographer and copywriters.
OutsourceMyProject is a member of the National Outsourcing Association (NOA), which
is the UK’s outsourcing centre of excellence.
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