News » Rise of the freelancing gig in the Philippines

Rise of the freelancing gig in the Philippines

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To an employee with a 9-5 office job, the ability to work anywhere and have a flexible schedule is a dream come true.

Freelancing, or what we call the gig economy has quickly taken root all over the world, powered by the burgeoning digital economy. The “gig economy” is growing yearly. In 2020, almost one in every five employees will be a freelancer, according to a study by Ernst & Young back in 2012.

In the Philippines, with its sunshine BPO industry, it would seem like an ideal setting for the “gig economy” to thrive. According to a Global Freelancer Insights Report by United States-based payment firm PayPal, it is definitely flourishing. The report included 22 countries including the Philippines. Eighty-six percent of the Filipino respondents anticipate growth in their businesses.

PayPal noted that the Philippines has one of the highest freelancers per capita (2%) out of all the countries surveyed. The Philippines also has a young demographic which is 24-39 years old.

The main gigs are the following;

  • Data entry/internet research at 34%
  • Virtual assistance at 13%
  • Customer service at 8%.

Facilitating the trend is the growing number of tools freelancers need to invoice their employers and receive money for their work. And according to the report, PayPal’s platform is the most used, with 86% of Filipino freelancers using PayPal for receiving payments for their work.

Moreover, the report showed the growing interest among potential freelancers.

Read more here.

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About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.