“Online freelancers are not given loans from local banks. The first question the officers ask us is whether EPF/ ETF is deducted from our salary. This is how they understand whether we have a stable job or not. They refuse to issue us loans because we don’t have a stable job. This is not the case in other countries” Says Sampath, a 25 year old freelancer in Sri Lanka.
Making the public aware about load shedding schedules is important as more and more younger people now work online and as power is a must to deliver work on time.
There is huge potential for Jaffna as a second tier IT city. If ideal investment climate is created and few large-scale firms are brought, city can be easily positioned as a hub for IT – BPO operation and providing employment opportunity for many which is currently a big issue in North. There are lots of positive factors lined up Youth in Jaffna are very tech savvy and highly enthusiastic ICT arena. Budget 2017 announces 200% Capital allowance for business starting in North Capacity of diaspora population and their willingness to invest Few volunteer organizations active in region creating awareness and interest to IT entrepreneurship among Northern youth. ECTA, PM’s plan of creating 500 B regional economies by connecting south Indian states could benefit city like Jaffna.
An emerging new employment opportunity Launch of World Development Report 2016 and related LIRNEasia Research Hilton Residencies 06 December 2016 Helani Galpaya, Suthaharan Perampalam & Laleema Senanayake
Presentation for Sarvodaya Board 30 November 2016
Presented at FreelancerSL 2.0 Dialog Auditorium 23 October 2016
Jaffna Management Forum (JMF) – 18th October 2016 Jaffna Advance Technical Insitute – 19th October 2016
Millennial Careers 2020 Vision: Report by Manpower group highlights, Though Millennials favor full-time work, over half say they are open to non-traditional forms of employment in the future—freelance, gig work or portfolio careers with multiple jobs. Self-employment is also a tempting future option. This is based on a quantitative research across 25 countries surveying 19,000 Millennials. They asked what they look for in a job, what development opportunities they seek and what would make them stay with an employer. Here are some key findings of the survey, Seventy-three percent report working more than 40 hours a week, and nearly a quarter work over 50 hours.
Fiverr, Upwork and Freelancer are few of the international online platforms where Sri Lankan youth are registered with and making a sizable income. LIRNEasia is currently conducting a research study to access the potential of Microwork / freelancing industry. Our study reveals on average freelancers are earning 180-200 USD per month even working as part time and the interest and willingness to work as freelancers is on rise. Understanding enthusiasm for working as freelancers among youth workforce, PODI JOBS is a local freelancing platform connecting employers and freelancers for work such as creating websites to writing copy/text, maintaining social media pages and many more. The new freelance site claims, “PODI JOBS aims to enable Sri Lankans to work from anywhere in the island.
Rupee depreciation and Interest rate rise are gradually slowing down consumer demand locally. But this may not be the case for Freelancers. Online outsourcing workers would be definitely happy about the depreciating value of currency. Sri Lankan Currency Depreciated against USD by 9% Jan-Dec 2015, it further reduced by 3% till 31st of March. Fiverr, one of the most attractive sites for online freelancers in Sri Lanka, where different services were offered for a standard rate of USD 5.
LinkedIn conducted a research focusing on LinkedIn members with the word “freelance” in their job title, and then they aggregated the most common industries and skill sets found (chart follows). The top results range from media and communications, to engineering and software development. Some of the key finding of the Study There are also slightly more females than males freelancing which indicates that more women tend to freelance as there are slightly more males on LinkedIn overall. When compared freelancers with to non-freelancing members across the same job functions, freelancers take the lead across the board — they have more recommendations, group memberships, skills listed, endorsements, and connections than average Linked Data shows that freelancers juggle roughly 2.1 jobs at once (indicated by members having more than one current role listed on their LinkedIn profile without an end date)
PayPal, being one of the oldest online payment provider, holds a major share in the online payment industry, and is the preferred payment mode for millions of people all around the world. There are a number of developing countries like Sri Lanka where PayPal does not work (for inward remittance). Negotiations with PayPal currently underway and it has listed Sri Lanka for 2017, Minister of Telecommunications and Digital Infrastructure Harin Fernando said through a Facebook post. Meanwhile, Stripe is another alternatives to PayPal. It facilitates simple way to accept payments from your customers.
Traditional BPO firms provide managed services directly to their clients, hire employees and contract workers, and require workers to be centralized in the same physical location. On the other hand freelancers continuously growing in numbers providing ITO/BPO/KPO services, and can deliver faster and more flexible access to a broader pool of workers than traditional approaches, often at lower cost. As online freelancing grows, it is anticipated that it will increasingly cannibalize work currently conducted by traditional outsourcing firms. According to “The Global opportunity in online outsourcing” report published by World Bank group highlights, on optimistic scenario there will be major cannibalization of the BPO industry and it is assumed that 25% of the current BPO demand will be served through freelancers by 2025. Growing momentum of freelancing globally would have an impact on Sri Lanka’s traditional BPO industry as well, which we need to be mindful of assessing the impact.
Online outsourcing is divided into freelancing and Microworking. According to “The Global opportunity in online outsourcing” report published by World Bank group in June 2015, the market size for online freelancing in 2016 is estimated to reach $4.4 billion, and for microworking the market is forecast to be $0.4 billion, resulting in a total online outsourcing industry-projected market of $4.8 billion.
Nalaka Gunawardene in his column published in Ravaya on 31 May 2015 looks at the current status, benefits and challenges of Sri Lanka’s Information Technology supported Business Process Outsourcing (IT-BPO) industry. The column touches on the challenges faced by the industry and mentions the observations made by LIRNEasia Founding Chair, Prof Rohan Samarajiva at a recent panel discussion on ICT innovation and awareness organised by the Business Times Sri Lanka, where Prof Samarajiva commented on problem areas that should be a priority for Sri Lanka such as slow broadband speeds and too-high latency times. The column also touches on the need to enable PayPal payment systems and highlights the potential of the industry to create high-end jobs for skilled professionals in Sri Lanka. The full column can be read here.