QSs and project managers can earn significantly more money by going freelance, new research conducted exclusively for QS News has found
They can pocket up to 35% extra, according to the survey by recruitment and HR specialist Hays.
The biggest pay gap between freelance and permanent staff was discovered at the partner/director and associate levels, where people can earn between 20% and 35% more. While in-house partners and directors take home around £50,000 to £65,000 a year on average, freelancers doing the same role bag an extra £10,000 to £22,750.
Simon Porter, manager for Hays Property & Surveying, said the reason for the discrepancy was that demand for freelancers was overtaking the amount of applicants for full time jobs. He said the pay gap is widening. “Over the past two years we have seen a noticeable increase in salaries at middle management and senior level. This has also had a ripple effect on more junior positions.”
In such junior roles, surveyors get paid an average of £22,000 to £33,000 a year but if they go freelance they can earn an extra £5,600 to £9,900. The difference is 20% to 30%. Graduates can take home an extra 15-22.5% or £2,850 to £4,950 by freelancing.
The industry’s attitudes have changed towards freelancers
Simon Porter, manager, Hays Property & Surveying
A reasonable difference in pay was also found in mid-level roles. Project managers make an average of £37,000 to £48,000 a year, but freelancers can earn an additional £6,290 to £12,960 or 17-27%.
Porter explained the growth of the freelance QS and PM market: “The industry’s attitudes have changed towards freelancers. There was an initial perception that they showed little loyalty and were an expensive luxury. Whereas it has now been proved they are a committed resource for a set period of time whether it be a two-week or nine-month contract. Clients have learnt that the flexibility of these contracts is an advantage and an ideal solution to the peaks and troughs of project work.”
Source
QS News
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