Being an increasingly popular work-style choice, it’s no surprise that new mothers are taking advantage of the opportunities presented by contracting.
Contracting is an increasingly popular lifestyle choice amongst the workforce, for a variety of reasons. However, a recent survey has shown that a certain demographic is taking especially well to the flexible and independent form of work. New mothers are increasingly shunning returning to permanent employment, where hours may be reduced or their job role changed. Instead they are taking matters into their own hands.
There has been as much as a 70% rise in new mothers entering the contracting market between 2008 and 2015, up to a startling – and record – 287,000, and the reasoning is clear. Freelance mothers earn significantly more than their permanent employment counterparts, within the same field, and by working for themselves they can fit work around other commitments, such as childcare.
“Running my own business gives me the freedom and space to follow my career passions without compromising on being a mum to my two children.” Charlotte Wibberley said, a business consultant and an IPSE Freelancer of the Year finalist. And many in similar situations agree, citing the freedom to mould their careers around their home-life as opposed to the other way around.
You won’t find economists complaining either, as recent research from Think Tank Development Economics has turned up over £7.2 billion generated for the country by enterprising small businesses headed by mothers like Charlotte. These freelance positions support an enormous 204,000 jobs and economists only predict this to rise in the next decade, with some estimates predicting a further 217,600 jobs by 2025 for an additional £9.5 billion to stimulate the economy.
The study went on to discover that the most popular industries for enterprising mothers are in the health services, online retail, technology services and management consultancy; a wide breadth for an economic force to be reckoned with.