Rise in freelancing signals the decline of permanent employment

A recent survey focusing in on employment trends has concluded that a significant proportion of recruiters now believe that the rate of permanent employment is likely to decline at an increasing pace. The findings of the research show that just 29% of internal recruitment professionals now believe that permanent employment will remain as the dominant standard employment option for UK workers. Participants predicted that it will likely be supplanted by more flexible forms of employment in the near future. The survey was conducted by a leading recruitment strategy and insights business, TALint Partners.

Rise in freelancing signals the decline of permanent employment

 

The findings of the research are backed up by data showing that growth in the gig economy is continuing to accelerate at an ever faster rate. The Office for National Statistics (ONS) indicates that the number of UK sekf-employed workers now stands at approximately 15% or 4.8 million people. These numbers are taken even further by the Chartered Institute of Personnel and Development (CIPD) who put the percentage of workers involved in some form of flexible work at over 50%. The growth is partly fuelled by skilled professionals who are turning their back on conventional permanent employment in favour of improved work life balance via freelancing.

Ken Brotherston, Managing Director of TALint Partners believes this will accelerate even faster:

We all know the gig economy is growing rapidly, but a lot of employers have perhaps underestimated just how quickly the demand of candidates for traditional, permanent roles is dropping. The fact that so many internal hirers and recruiters are seeing such a rapid, and seemingly long-term change suggests a need to fundamentally re-think the current approach to perm vs temp roles. For those employers who believe that the ‘status quo’ is maintainable or desirable, these results suggest that they need to learn to be more flexible - and fast.

The challenge going forward is how businesses will cope with adapting to this evolution. We’re hoping that by bringing together industry leaders from the likes of APSCo, Adecco’s  Group X, Credit Suisse and Manpower Group as part of our Tipping Point event, we can help hirers and recruiters better understand how to create the right environment for success in the future.

Source: Onrec (https://www.onrec.com) 10th April 2018 – Permanent employment in dramatic decline, survey reveals

 

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