Tag Archives: Outsource My Project

Increasing Numbers Of Pensioners Turn To Freelancing

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 years.”

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 companies.

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 everyday.”

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.

Via EPR Network
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Entrepreneurs get backing from both David Cameron and the Federation of Small Businesses

A pressure group that aims to promote the interests of small businesses in the UK has launched a campaign designed to celebrate the country’s entrepreneurs.

The Federation of Small Business (FSB) has said it wants to celebrate “real life entrepreneurs” who take the risk of following an idea, start up on their own and work to grow a business. Starting last Monday, a roadshow commenced visiting various locations across England to provide advice and networking support to independent workers.

As part of the events, serial entrepreneur and regular Financial Times columnist Mike Southon will speak about the main themes of the FSB’s manifesto. Key areas include reducing and simplifying tax issues faced by small businesses, taking a new approach to regulation, and opening up export markets.

FSB Chairman John Walker wants to see an “atmosphere of entrepreneurship” created in the UK, allowing anyone with a good idea to potentially set up and run their own business. He said: “In short, turning a good idea into a business is one of the most positive acts an individual can perform for themselves and the community in which they live.”

In addition to the comments from the FSB, David Cameron has praised the spirit of entrepreneurs who are brave enough to follow their dreams to become freelance workers and start their own business.

Giving a speech last month in central London on responsible capitalism, the prime minister said that more than anything he admired “the bravery of those who turn their back on the security of a regular wage to follow their dreams and start a company”, adding that he believed the UK was “fizzing with business potential”.

He said: “When people take risks, with their own ideas, energy and money, when they succeed in a competitive market where anyone can come and knock them off their perch at any time, we should celebrate entrepreneurs who get rich in that way.”

Outsourcing to freelance workers is a concept that has made it possible for many entrepreneurs to successfully get their ideas off the ground and established as profitable businesses.

Loren Holland, Managing Director of OutsourceMyProject said: “Outsourcing is providing a welcome boost to the economy, especially for the many entrepreneurs and small businesses who would otherwise be struggling to access the skilled services they require at an affordable price.”

Official figures released last month revealed a significant increase in the number of people who have chosen to become self-employed and take on freelance projects. More than 100,000 people took on self-employed status during the period, taking the total number of independent workers in the UK up to 4.2 million, according to a report by the BBC.

A report published by the Chartered Institute of Personnel and Development (CIPD) yesterday said people from a much wider array of backgrounds and occupations had now turned to self-employment. However, Dr John Philpott, chief economic adviser at the CIPD, suggested many would move back to full-time employment if the jobs were available.

Loren Holland went on to say: “The freelance sector is booming at present, with a wealth of skilled and experienced workers available on flexible and affordable contracts. Entrepreneurs and start up businesses are tapping into the freelance market and this is clearly benefiting the economy”.

Via EPR Network
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Is A Double Dip Recession Around The Corner?

The looming possibility of a double dip recession is likely to see more UK businesses striving to cut costs in 2012, with figures recently released by the Office for National Statistics suggesting the UK could be heading for its first double dip recession since 1975.

The British economy shrank by 0.2% during the three months to December and the Bank of England has warned that the private sector is planning job cuts. The accountancy firm Deloitte claimed that half of all chief financial officers in the UK see cutting costs as a priority over the next 12 months. The growing prospect of a double dip recession is set to cement this view, with more businesses taking a proactive approach by turning to freelancers and switching to outsourcing in an attempt to reduce overheads.

Chairman of the National Outsourcing Association, Martyn Hart, said recently that as well as the upfront cost savings, outsourcing jobs such as copywriting and web design to specialists allows firms to concentrate on their core business. “It is better to focus on things like customer satisfaction, outmaneuvering the competition and securing new business. Outsourcing frees up resources to be the best you can be, in the business you are truly in,” he said.

Shadow Chancellor of the Exchequer Ed Balls insisted Osborne should be blamed for putting the economy into reverse, saying: “Far from the eurozone crisis being to blame, it is only rising exports that kept us out of recession last year. By clobbering the economy with spending cuts and tax rises that go too far and too fast, the government has left us badly exposed if the eurozone crisis deepens this year.”

These poor economic growth figures have resulted in many businesses gearing up for a likely double dip recession, keen to cut unnecessary head count and overheads. Many companies are achieving this through outsourcing particular business functions to freelancers, who charge a far lower price when compared with what can be found on the high street or through employing an internal resource.

There are several online outsourcing marketplaces that offer a hassle free outsourcing service, where freelancers can sign up and offer their services to companies who post details of the work they need completing.

Helping businesses to be more robust against the looming recession, OutsourceMyProject is an example of an outsourcing website that is reaping the benefits of the outsourcing boom, with over £1 million worth of projects posted in the past twelve months.

Loren Holland, Managing Director of OutsourceMyProject said: “We have seen a significant increase in the number of companies taking proactive measures in preparation for another recession.”

He went on to say: “The service Outsource My Project provides is hassle-free and the ideal way for businesses to find the perfect freelance worker to outsource their business functions too.”

Via EPR Network
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Earning a self employed income is easier than you think…

With an increase in UK unemployment figures last week, it is good to know that as a counter measure the number of self-employed workers is on the increase, showing the determination of those who are unemployed to survive, while also illustrating the fact that earning an income is easier than most people think.

With many companies increasingly having to cut fixed headcount numbers through redundancies, many of those who find themselves unemployed are seeking out their own work, opting for self-employment and freelancing instead.

Official figures released last week by the Office for National Statistics revealed a significant increase in the number of people who have chosen to become self-employed and take on freelance projects over the past few months; more than 100,000 people took on self-employed status during this period of time, taking the total number of independent workers in the UK to 4.2 million, according to a report by the BBC.

A separate report published by the Chartered Institute of Personnel and Development (CIPD) also stated that people from a much wider array of backgrounds and occupations had now turned to self-employment than in previous years.

Online marketplaces allow freelancers to sign up and search for work, which is advertised by companies seeking to outsource business functions to freelancers rather than employee fixed in-house teams. Last year was a particularly buoyant year for freelance marketplaces, as both the demand for freelance services increased , as companies look for flexible staffing solutions, coupled with an increase in the supply of freelancers operating within the UK.

Outsourcing business functions to freelancers has been a lifesaver for many companies in 2011, with this trend towards outsourcing looking likely to continue in 2012.

One outsourcing website in particular that has reaped the benefits of this increase in demand is OutsourceMyProject. With over £1 million worth of projects posted onto the site over the past 12 months, the business is looking forward to what 2012 will bring for them.

Loren Holland, Managing Director of Outsource My Project said: “We are expecting the demand for freelance staff to continue increasing this year, as companies continue to cut fixed overheads and permanent staff numbers, and instead turn to outsourcing business functions to more flexible freelance professionals.”

“OutsourceMyProject offers the perfect marketplace for freelancers and businesses to connect. Businesses looking to find a freelancer or outsource business functions simply advertise their project, which becomes visible to the thousands of freelancers registered on our site who then submit their proposals to win the work.”

Further figures released last week by the Office for National Statistics showed that unemployment has continued to increase, especially in the three months to November, where it reached a total of 2.7 million.

The UK’s unemployment rate stood at 8.4% of the economically active population by the start of November, up 0.3% during the quarter and the highest its been since 1995.

The number of jobless young people between the ages of 16 and 24 also hit another record high, with there now being over 1 million people in this age group out of work.

Via EPR Network
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Is 2012 set to be a bumper year for outsourcing?

With the New Year upon us, many companies are now looking at their business processes in order to assess what they can change in 2012. With companies continuing to struggle amidst a challenging economic climate, many are likely to dramatically change how their company operates this year, with outsourcing likely to become the preserve of many businesses attempting to rationalise their cost base.

Last year was a record year for companies operating in the outsourcing sector, with a huge number of businesses looking into the concept in an attempt to cut fixed costs and become more flexible. With the ability to drastically reduce fixed overheads whilst maintaining business operations without interruption and providing access to skilled staff, outsourcing has been a lifesaver for many in 2011, which is why the new year is likely to bring a further uplift in demand for outsourcing services; not only in the UK but overseas too.

In a recent survey conducted by dictate2us, a dictation and transcription service, it was found that 62% of companies plan to outsource administrative jobs this year, to cut the costs of overheads. Chief Executive of dictate2us, Daryl Leigh said :“Many of the administrative tasks typically undertaken by secretaries are necessary but incredibly time consuming. For that reason, it’s important that business owners look objectively at their organisation to question whether outmoded methods of operation are still relevant.”

It is thought that the increased interest companies have in relation to outsourcing is due to the many small business that continue to struggle to find employees with the necessary skills. Research carried out by the Federation of small Businesses (FSB) found that 27% of start up companies struggle to find qualified and skilled staff.

Outsourcing was also a hot topic in the news last year, and this trend appears to continuing in 2012. In one article in particular, published in the Daily Mail, John Neilson, Managing Director of NHS Shared Business Services, has urged the NHS to outsource more of its call centres to India, to further cut costs; a predicted saving of £20 billion by 2014. With articles such as these featuring in various different publications on a daily basis, it is no wonder that more companies are wanting to know what is to be gained through outsourcing, with there being more of a demand for outsourcing companies than there has ever been before.

One outsourcing website in particular that has reaped the benefits of the increase in outsourcing is OutsourceMyProject. With over £1 million worth of projects posted onto the site in 2011, the business is looking forward to what 2012 brings. Loren Holland, Managing Director of OutsourceMyProject said: “Over the course of last year we witnessed a drastic increase in the number of small and SME companies looking to outsource their business functions to professional and freelance experts. Smaller businesses are now waking up to outsourcing, which historically has been viewed as the preserve of only large organizations. The principal benefits of outsourcing are twofold; cutting down fixed cost overheads and accessing skilled services which may not be available in-house.”

About OutsourceMyProject:
Established in January 2011, OutsourceMyProject.com aims to bring together organisations and individuals looking to outsource business functions or projects with freelance providers of professional services. Following the website launch, more than 10,000 providers, including freelance web designers, legal specialists, freelance editing professionals and copywriters have registered with OutsourceMyProject.com to bid on over £1 million worth of freelance work.

Via EPR Network
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