Work satisfaction high among self-employed

(2 minutes to read)

The IPSE and IPA’s report ‘Working well for yourself: What makes for good self-employment?’ surveyed 800 contractors up and down the country asking what constituted as ‘good work’ for them.

A recent report revealed that work satisfaction levels are significantly high among the UK’s self-employed workers.

The data, compiled by the Association of Independent Professionals and the Self-Employed (IPSE) and the Involvement and Participation Association (IPA) for their ‘Working well for yourself: What makes for good self-employment?’ report, shows that as many as 64% of contractors said increasing skills and knowledge was how they measured their career progression. Just 50% answered increasing annual turnover and 16% said being able to hire other people.

According to the IPSE and IPA, these findings suggest that rather than striving to be empire-building entrepreneurs, most self-employed people simply want to continue working for themselves and become experts in their field.

Three key areas affecting the work satisfaction of the self-employed included work-life balance, client relationships and – for certain groups – payment culture.

Simon McVicker, IPSE’s Director of Policy, commented, “A timely and incisive report, this confirms what anecdotal evidence has been telling us for a long time: work satisfaction is generally very high among the self-employed. After all, why else would so many more people be choosing to work for themselves?

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“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.

“At IPSE, we have been saying for some time that more needs to be done to open up access to training for the self-employed. These findings confirm our calls, and should act as a wake-up call to policymakers. If the Government truly wants to promote ‘good work’ among the self-employed and ensure this way of working remains positive, the way is clear: it must do all it can to open up training and skills development opportunities for them.”

The report produced a number of recommendations to promote ‘good self-employment’.

These included:

  • Encourage the self-employed to upskill – through adult education vouchers and ensuring the self-employed benefit from the Apprenticeship Levy and the Flexible Learning Fund.
  • Clarify client obligations and promote good practice – to ensure clients are able to work even more productively with the self-employed, while respecting their autonomy.
  • Promote co-working and co-operatives – to help self-employed people support each other.
  • Tackle late- and non-payment of invoices – by enshrining the Prompt Payment Code in law and giving the Small Business Commissioner tougher powers to act.

To find out more about contracting please contact Sophie on 01442 795 100 or email sophie.lewis@dolanaccountancy.com

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, ContractorUmbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of ContractorUmbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, ContractorUmbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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