Skills over a pay rise? 4 ways to improve self-employed job satisfaction
Is personal development more important to you than a pay rise?
According to a new study from the IPSE trade body, developing skills and knowledge provides a greater sense of career progression for self-employed people than increasing annual turnover.
The Working Well for Yourself: What makes for good self-employment? report took the opinions of 800 self-employed people across the country about what constituted good work? to them.
For a two-thirds majority of respondents, personal skills and knowledge development was the key measure of career progression significantly higher than the 50% which cited increased annual turnover.
Other factors fared lower than those two indicators, with hiring employees cited by just 16% of self-employed people.
Overall, survey findings revealed that self-employed people enjoyed greater job satisfaction than regular employees, with 73% enjoying their career choice.
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Commenting on the report, Simon McVicker, IPSE’s director of policy, said its findings confirmed years of anecdotal evidence: Work satisfaction is generally very high among the self-employed.
determining how the self-employed measure career progression is also hugely important. From this report, it’s clear that rather than seeing themselves as the next Richard Branson and wanting to build up a business empire as policymakers are prone to think most freelancers actually just want to hone their skills and become experts at what they do.
The report identified three areas most affecting job satisfaction of the self-employed: work/life balance, client relationships and payment culture.
Four separate recommendations were put forward to offer self-employed workers more opportunities to increase job satisfaction as well as business success.
Praseeda Nair is the editorial director of Business Advice, and its sister publication for growing businesses, Real Business. She's an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.