{"id":12968,"date":"2021-01-08T16:25:58","date_gmt":"2021-01-08T16:25:58","guid":{"rendered":"https:\/\/bunnystudio.com\/blog\/?p=12968"},"modified":"2025-06-02T20:16:37","modified_gmt":"2025-06-02T20:16:37","slug":"freelancing-vs-traditional-employment","status":"publish","type":"post","link":"https:\/\/bunnystudio.com\/blog\/freelancing-vs-traditional-employment\/","title":{"rendered":"Freelancing vs Traditional Employment: A 2020 Report on Work-Life Balance"},"content":{"rendered":"

KEY TAKEAWAY: <\/b>When pitting freelancing vs. traditional employment, 63% of Bunny Studio’s talents earn at least the same income, and 84% showed greater satisfaction in their work-life balance.\u00a0<\/strong><\/em><\/p>\n

Amid the maelstrom of the events arising from the global pandemic, Bunny Studio’s poll reflects an optimistic outlook among its freelancers. This report analyzes the independent workforce’s mindset, particularly in the aspects of income and job satisfaction. In essence, the assessment sheds an updated perspective that compares freelancing vs. traditional employment in the current perverse job market situation. <\/span><\/p>\n

Sizing the 2020 Employment Market<\/b><\/h3>\n

COVID-19 has decimated and reshaped the job market worldwide, culminating in the nadir of unemployment in 2020. <\/span>The US saw an unprecedented unemployment rate of <\/span>14.7%<\/span> last April. Such is a 15.9 million increment of unemployed individuals in just a single month. Despite the job situation having been improved by December, the country is still experiencing a <\/span>decline<\/span> in payroll employment.\u00a0<\/span><\/p>\n

Albeit somewhat more resilient, the European Union has also suffered a significant impact from the pandemic. Statistics released in November 2020 indicated that the unemployment rate rose from 6.6% to 7.5%. The number of persons without a job increased by <\/span>1.79 million<\/span><\/a> people in a single year. This dire predicament has necessitated creative freelancing solutions as companies lay off <\/span>millions<\/span><\/a> of full-time jobs. The reticence of organizations to commit to hiring permanent employees is also understandable during times of uncertainty.\u00a0<\/span><\/p>\n

Bunny Studio endeavors to explore how its freelance talents have been affected by understanding their underlying motivations. This is in an agile response to 2020’s turn of events.\u00a0<\/span><\/p>\n

\"Freelancing<\/p>\n

Freelancing Vs. Traditional Employment Survey: Methodology<\/b><\/h3>\n

This study focuses on investigating the year’s impact on freelancers and gaining insights into their work-life-balance experience. To do this, Bunny Studio surveyed a sample of approximately 20% of its Pros. These Pros, or Bunny Studio Professionals, are derived from the creative outsourcing platform’s extensive database of more than 28,000 global freelancing talents.\u00a0<\/span><\/p>\n

With the goal of yielding impartial results, the element of cultural disparity was considered. As such, the survey includes a range of demographics, most of whom were the company’s <\/span>voice over<\/span><\/a> talents and <\/span>writers<\/span>. The respondents recruited consist of the below:<\/span><\/p>\n