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Graduates turn to self-employment

30.05.14

A recent study conducted by online freelance marketplace PeoplePerHour.com shows that freelancing is becoming an ever increasingly popular option for graduates.

The website has over 670,000 users, and over the past year, the number of recent graduates registering to the website as either freelancers or micro-business owners has risen by 97 per cent.

The reasoning behind the rise in freelancing is there for all to see - according to the Office for National Statistics (ONS), nine per cent of recent graduates are out of work, with a further 47 per cent taking 'non-graduate' positions.

"There has never been a better time to start a business, and it seems Britain's young graduates are doing just that," said founder and CEO of PeoplePerHour Xenios Thrasyvoulou.

"For those leaving university with student debts, the barrier to launching a business is typically a lack of start-up capital – and even though working for themselves may be an ambition for the future, the obvious and sensible first move is to find a job.

"However, we're seeing a growing band of ambitious graduates who aren't daunted by the prospect of venturing out on their own, and for those who do take the leap, it's never been easier or cheaper to start a business."

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