ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Report Reveals 90% of Tech Executives Want to Hire Freelancers; Here’s Why

Companies are now seeking employees with expertise in AI, machine learning, software, app development, and cybersecurity.
PUBLISHED MAR 27, 2024
Cover Image Source: Freelancers are in high demand in the tech industry (representative) Pexels | Andrea Piacquadio
Cover Image Source: Freelancers are in high demand in the tech industry (representative) Pexels | Andrea Piacquadio

As world jumps on the AI bandwagon with tech companies at the helm of it, the disruptors in the industry are increasingly turning to freelancers after realizing what the wider talent pool can offer. A new report released by Fiverr International, "Strategic Insights: Leveraging Freelance Talent in Tech" provides a deep insight into the current problems that executives face. "When researching this report, we wanted to create a robust analysis of the problems that tech executives are facing, to provide them with tangible and actionable solutions," the report read. 

Image Source: Photo by Roberto Nickson | Pexels
Image Source: Photo by Roberto Nickson | Pexels

The report found that companies in general are optimistic about AI and machine learning, with almost 77% of executives remaining positive about the AI revolution and over 40% deeming it necessary to become future-proof. Many company leaders also reported success post-AI integration and said it exponentially boosted operational efficiency.

Therefore, companies are now seeking employees with expertise in AI, machine learning, software, app development, and cybersecurity. The study also revealed that 27% think problem-solving and critical thinking are crucial in today's world. This is why 90% of the executives are open to leveraging freelancers during the peak stress periods for all these needs.

The study found that companies were increasing their dependence on freelancers, with over 28% of firms needing freelancers in their operations. Over 21% of companies said they need freelancer workers daily while 30% said they need them every two to three days. 



 

The study also found that  50% of the companies were facing issues with combating cybercrime. 40% of the surveyed companies are worrying about AI integration alongside other technologies while 39% faced hardships over talent acquisition. However, the main problem remains infrastructure with 53.2% of tech companies saying that they face challenges with it while 50.2% said maintaining company culture is also a huge issue. On the other hand, around 50.6% said securing the right talent is also a huge issue. 

"The paper’s findings can ultimately serve as a roadmap for executives looking to empower their teams to focus on innovation and growth while also improving talent retention and satisfaction,” said Maya Rosiman, General Manager of Fiverr Pro. “The report reveals that a strategic hiring approach must be multi-pronged to adequately address the compounding gaps in critical skills, as well as improve workplace culture across today’s tech companies," via Fiverr.

 Representative Image | Getty Images | Photo by Andrea Verdelli
Advancements in AI (representative image) | Getty Images | Photo by Andrea Vercelli

The research was conducted in partnership with Censuswide among a sample of 500 tech executives in the U.S. and the data was collected in February of 2024. Fiverr is an online marketplace that connects businesses with freelancers and says that it exists to "democratize access to talent and to provide talent."

Earlier, this year, the CEO of Fiverr, Micha Kaufman talked about how AI will be the driving force behind innovation from now on."All in all, we believe AI will be a multiyear tailwind for us to drive growth and innovation." The company recently reported a 10.1% growth in its Q4 revenue, with the company crediting the boom of AI for it. "Double-clicking on these numbers, we believe that the opportunities created by emerging technologies far outweigh the jobs they replace," Kaufman added.

MORE ON MARKET REALIST
Getting struck by lightning and then surviving to win a lottery worth $1 million is next to impossible.
9 hours ago
When the bill came, the group of four was shocked and their reactions were captured in a TikTok video which now has over 8.8 million views.
1 day ago
Parcells wrote the checks worth millions and never even asked the players to pay the money back.
1 day ago
The way he lived and his chosen career path never gave anything away about his investments.
1 day ago
She also recommended taking time before responding to messages to gauge the person's real intentions.
2 days ago
The revolutionary new ad-tech startup STIC has officially launched, enabling everyday drivers to turn their vehicles into rolling billboards and earn extra income with each mile.
2 days ago
Apart from the discounts, Walmart also announced changes to delivery timings and updates on an AI assistant.
6 days ago
People will receive a share of the massive settlement based on the number of bars that they bought between the given dates.
6 days ago
The expert that Harrison consulted gave valuations that were closer to what the seller was asking for.
6 days ago
O'Leary's comments are backed by data showing how a vast majority of Americans need coffee to kick-start their day.
7 days ago
The man's wife refused to believe him since she was used to him playing pranks on her.
Oct 29, 2024
When told that his profit margins were low, the innovator said that he was selling the product to farmers.
Oct 29, 2024
The overlay text of the video reads, "Pov: you and your boyfriend accidentally make 20k+ profit reselling SALT on Amazon."
Oct 29, 2024
Although he does plan to take some me time, Richer has no intentions of retiring anytime soon even at 60.
Oct 28, 2024
While Rubush had guessed the word within 10 seconds, the 4-5 second pause she took before saying "WORD" cost her dearly.
Oct 28, 2024
Although the co-founder did walk away with an investment, O'Leary had some harsh words for him.
Oct 27, 2024
The woman says that she went to the store and was treated dismissively by the staff.
Oct 27, 2024
The woman tested the limits of the retail club's return policy and came out successful.
Oct 27, 2024
The crypto expert held thousands of Bitcoins and was among the first ones to advocate cryptocurrencies.
Oct 26, 2024
The expert asked the seller to explain the story behind the memorabilia before making a rare decision.
Oct 25, 2024