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The number of businesses hiring on freelance platform Elance in Asia, particularly in Singapore, has increased dramatically, driving strong growth in freelancer earnings. In Asia, new client registrations reached 24,959 in Q1 this year, a +51% increase compared to Q1 2012. More than 27,000 job posts were published in the same period, a +76% growth from last year’s Q1.
Kjetil Olsen, Vice-President Europe at Elance, said: “Elance has found that by connecting businesses and talent through an online workplace, we have the ability to create life-changing economic and professional opportunities on a global scale. We’ve also helped to level the playing field for freelancers, minimised friction for employers and create flexible ways to work.”
Singapore was ranked in Q1 2013 the seventh-largest country globally in terms of hiring online freelancers. This reflects a shift in workplace trends, coupled with the strong Asian economy, where talent-savvy companies are supporting the creation of an elastic workforce.
The most popular skills in demand by Singaporean businesses were PHP, graphic design, creative writing, and HTML. Clients in Singapore hired most freelancers from India, United States, Pakistan, United Kingdom and Philippines. Despite this increase, Singapore still lags behind India and the Philippines, in terms of the number of freelancers bidding for work.
According to Elance’s first Annual Impact Report, 85% of companies believe hiring freelance talent online gives them a competitive advantage. 74% of companies reported they will hire more freelancers in 2013. The demand for high-quality talent, not costs, is driving businesses to turn to online freelancers.