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UK – Majority of workers considering starting their own business, study finds

18 October 2018

The majority, or 71%, of the UK’s employed workforce have considered starting their own business due to having little or no access to flexible working options, according to a study from freelance marketplace PeoplePerHour.

The study of more than 1,000 employees in the UK found that 68% have little or no access to flexible working options, including working from home (64%), annualised hours (64%), flexitime (57%), job sharing (77%) and compressed time (73%).

Meanwhile, more than half of UK employees (56.7%) work anything between 36-60 hours per week. Furthermore, 62% have no passion for the job they do and 57% say their biggest concern at work is lack of praise.

“Lack of flexibility in the daily grind is a big driver for leaving the workforce and starting a business,” Xenios Thrasyvoulou, founder & CEO of PeoplePerHour, said. “Despite the rise of new working communities complete with pool tables, coffee machines and beer at 3pm, the reality is that the workforce aspires to the flexibility and rewards of running their own business.”

PeoplePerHour’s data revealed that the top three things people desired from their working life were: Doing something they feel passionate about (43%), Having a better work/life balance (39%), and the ability to work flexible hours (32%).