Business
Payoneer Study Finds Freelance Workers Benefited from Surge in Demand and Increased Pay Amidst Ongoing Pandemic
Payoneer’s 2022 Global Freelancer Income Report reveals that the worldwide average hourly freelance rate has increased nearly 40% compared to its previous
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[{"type":"text","content":"\nPayoneer’s 2022 Global Freelancer Income Report reveals that the worldwide average hourly freelance rate has increased nearly 40% compared to its previous edition in January 2020\n\n NEW YORK--(BUSINESS WIRE)--\nPayoneer (NASDAQ: PAYO), the commerce technology company powering payments and growth for the new global economy, today issued the fourth edition of its Freelancer Income Report. The report is based on a survey of 2,000 freelancers from over 100 countries and provides insight into how they have fared since the start of the COVID-19 pandemic. While global unemployment reached historic highs triggered by the pandemic, freelancers have weathered the disruption relatively well. More than 30% of respondents reported higher demand for their services since the pandemic began, while 45% reported that demand stayed constant without slowing. The fields of programming, marketing, and finance showed the strongest growth.\n\nThe report’s findings include:\n\nSignificant Increase in Global Hourly Freelance Rate\nCompared with the previous report two years ago, there has been an increase in the average global hourly freelancing rate. Findings show the global average hourly freelance rate is now $28, significantly higher than the $21 average hourly rate reported in the 2020 Global Freelancer Income Report. With 40% of freelancers reporting that they are now charging more for their services than they did at the start of the pandemic, and demand continuing to rise, the opportunity for freelancers to succeed has never been greater. Younger freelancers were the biggest benefactors, reporting both an increase in hourly rates, and in demand.\n\nGender Pay Gap Persists, with a Silver Lining\nThe report highlights that the gender wage gap has unfortunately widened slightly since 2020. While there has been an increased number of women entering the world of freelancing, women freelancers’ pay remains behind their male counterparts, with that gap growing over the past two years. The gender pay gap amongst survey respondents is most pronounced in North America, with women reporting earnings of $37 per hour on average, compared to men who reported an average of $52 per hour. Indeed, women reported earning less than men in every region of the 100 countries surveyed apart from South America, where women out-earn their male counterparts by $4/hour, l...