'Autonomy' lures millennials to freelancing: survey

Jessica Fenol, ABS-CBN News

Posted at Mar 29 2018 04:02 PM | Updated as of Jan 03 2019 11:00 AM

MANILA - The freedom to work from anywhere and the flexibility in schedule are the top reasons why more young workers prefer freelancing over a corporate job, a survey said.

Based on PayPal's October 2017 online survey "Global Freelancer Insights Report - Philippines" released in Manila on March 27, 74 percent of freelancers in the country are aged 24 to 39.

Being their own boss and having no office politics also make freelancing "appeal" to young workers, the survey said.

"The Philippine freelancer market is a growing segment and is poised for further upsurge, with more Filipinos looking to getting freelance work from overseas," PayPal head for Strategic Partnerships in Southeast Asia Abhinav Kumar said.

Among 22 markets surveyed worldwide, "the trend is more prominent in the Philippines with a growing millennial population," according to the survey.

The country has an estimated 1.5 million freelancers, with more females at 61 percent, PayPal said.

Kumar said the autonomy offered by freelancing also makes it a popular career option for job seekers.

The survey showed 51 percent of "considerers" are looking at freelancing with the "rise in income" as a motivator.