Many people want work-life balance. They are ditching their 9-to-5 jobs to freelance. So, the global freelance community is expanding. As this trend continues, the freelance market is expected to grow. Freelancers work from their cozy homes. They manage their time in the way that suits them best.

If they feel adventurous, they adopt the digital nomad lifestyle. They work from practically anywhere on the globe. Globally, there are about 1.57 billion freelancers. 2024 data estimates U.S. freelancers are estimated at 76.4 million.

Do you dream of discarding the usual working routine and freelancing? Knowing the lines is wise before you take the plunge into freelance life and kickstart your gig. You may showcase your freelancing expertise on social media or hop onto popular freelancing platforms. Having the key stats can be a game-changer. So, if 2024 is your year to join the freelance trend, here’s a list of 45+ freelance statistics. It includes trends and real-life facts. They will give you the inside scoop on what to expect.

General Stats on Freelancing

1. More Than 1.57 Billion Workers Globally Have Joined the Freelancing Economy.

Over 1.5 billion freelancers are crafting their unique paths. The landscape has evolved from 55.5% self-employment in 2000 to 46.6% in 2024. Why the change? Many are chasing stability and new horizons in the expansive job market.

Also, a staggering 1.57 billion souls across the globe are weaving their freelance tales. Imagine that out of 3.38 billion workers, nearly 46.7% boldly embrace self-employment. It’s not just a statistic; it’s a testament to the diverse stories written, one freelancing adventure at a time.

2. As of 2023, the US Alone Had Up to 73.3 Million Freelancers, and This Number is Estimated to Rise Further, Reaching 76.4 Million by 2024.

The freelance community is now bustling with people; over 73.3 million are in the United States alone. Fast-forward to 2024, where this dynamic tribe is set to grow by an additional 3 million, reaching an impressive 76.4 million. But hold on, the freelancing wave isn’t slowing down; predictions show that by 2027, a staggering 90.1 million individuals will be navigating the freelance landscape in the US.

3. The Rate at Which People are Joining Freelancing is Increasing, Skyrocketing to 78% in the US and 59% in the UK.

In the United Kingdom, over 42% of the workforce thrives as freelancers or part-timers, while more than 36% proudly wear the self-employed badge across the United States. Now, let’s zoom in on the freelance frontiers worldwide. The freelance sector in the United States has not just grown; a staggering 78% soars it. Meanwhile, freelancers are flourishing in the bustling landscapes of the United States and Brazil, with 59% and 48% growth rates, respectively.

Delve deeper into the heartbeat of freelancing with these intriguing YoY earning growth rates: United States: 78%, United Kingdom: 59%, Brazil: 48%, Pakistan: 47%, Ukraine: 36%, Philippines: 35%, India: 29%, Bangladesh: 27%, Russia: 20% and Serbia: 19%. These are more than numbers; they’re tales of thriving freelancers worldwide shaping their narratives in the world of work.

4. Roughly 94% of Folks in Niger are Self-employed.

In Niger, a striking 95% of the workforce proudly wears the badge of self-employment. Right on its heels, the Central African Republic with 93.2% and Chad boasts a percentage of 92.6% self-employed folks. What fuels these high rates? Unemployment, limited job opportunities, and economic challenges make freelancing a prevalent choice for many in Niger.

Now, shift your focus to Qatar, where only a meagre 0.4% of the population freelances. Kuwait, Bahrain, Oman, and Belarus also join the ranks with a modest number of freelancers. Interestingly, Qatar’s low freelancer count is attributed to the legal framework—independent freelancing without a visa sponsor is deemed illegal. The “independent contractor” category is non-existent, echoing a trend in many countries.

5. Typical Freelancers (36.1%) Spend Over 20 Hours Freelancing Weekly.

Freelancers typically invest at least 6 hours daily, but the game plan varies with each project. Some gigs don’t take much time, only demanding 2 to 3 hours weekly, while others beckon dedicated stints of 8 hours or more per day. Interestingly, 36.1% of freelancers find their sweet spot, clocking in 10 to 20 hours weekly, aligning with a part-time commitment.

Conversely, the average full-time freelancer works 43 hours weekly—akin to the conventional nine-to-five grind. Yet, here’s the twist: freelancers dance to the beat of flexible schedules and working days, adapting to their industry nuances and workload demands. Some freelancers groove with part-time gigs, investing 20 to 25 hours weekly, while others dive deep, dedicating over 40 hours to their craft. It’s a symphony of varied schedules, reflecting the unique rhythm each freelancer brings to their professional journey.

6. Up to 54% of Freelancers Dedicate At Least Five Days a Week to Their Work.

On the average spectrum, freelancers dedicate 5 to 6 days each week. However, flexibility reigns supreme, allowing some to craft schedules spanning four days or less. In this vibrant landscape, 54% of freelancers find their rhythm, committing to a standard five days of work each week. On the flip side, 3 in 10 freelancers embrace a busier tempo, clocking in more than the conventional five days, immersing themselves in the heartbeat of their craft.

7. According to Prediction, Freelance Platforms Market Size Will Hit $9570.3 Million in 2030.

As we gaze into the future, the Freelance Platforms Market is poised to reach an estimated $9,570.3 million by the end of 2030. Remarkably, in 2023, the market was already valued at approximately $3,913 million. Brace yourself for an exciting trajectory. Experts predict a robust 15% growth rate between 2024 and 2030. This is not just a number; it reflects the dynamic evolution of the freelance landscape.

8. An Average Freelancer Earns Roughly $47.71 in the United States.

On average, freelancers earn an annual income of $99,230. At the pinnacle, top earners boast an impressive $200,000 annually, reaching new heights in their freelancing journey. Conversely, a quarter of freelancers find their stride at $50,500, adding depth to the earnings spectrum. Zooming in on the hourly beats, the average hourly pay for freelancers in the United States is $47.71.

However, the freelance stage allows for a symphony of earnings, with hourly wages ranging from a high note of $132.21 to a softer melody at $14.90. It’s not just about numbers; it’s a tale of individual freelancers crafting unique financial narratives. For most freelancers, it’s a journey where the sweet spot lies between earning $24.28 on the lower end (25th percentile) and reaching a high note of $61.78 (75th percentile).

9. The Average Freelance Programmer Crafts at $60-70 Per Hour, Accumulating an Annual Rhythm of Approximately $120,000.

In the symphony of freelancing, the earnings vary, echoing the unique beats of each profession. The more technical the craft, the greater the potential earnings for freelancers. Now, consider the life of a freelance writer who weaves words at a rate of $30-40 per hour, crafting an annual story worth around $42,000.

Freelancers Demographics Statistics

Let’s step into the diverse tapestry of freelancing demographics in the United States, where the share of female freelancers slightly edges out their male counterparts by about 5%. Yet, within this dynamic landscape, echoes of a persisting gender pay gap are heard. In this mosaic, 7 in 10 freelancers don the mantle of whiteness. Still, the stage for the highest earnings is graced by Asian freelancers, painting a picture of earnings that transcends demographic boundaries. Now, let’s delve deeper into the heart of these demographics:

10. A Unique Rhythm Emerges as 52.3% of Freelancers in the United States are Female, Surpassing Their Male Counterparts at 47.7%, a Shift That Unfolded in 2016.

In the earlier chapters, the numbers favoured male freelancers. However, the tune changes regarding earnings—for every dollar men earn, women earn 95 cents, a melody highlighting the persistent nuances of the gender pay gap in the freelancing arena. It’s not just statistics; it reflects the ongoing journey towards equitable opportunities and recognition in freelancing.

11. Delve Into the Rich Tapestry of Freelancers in the United States, Where 70.2% of the Community Identifies as White, Making it the Most Prevalent Ethnicity.

However, a twist in the tale unfolds—white freelancers, despite their majority, boast the lowest annual salaries. On a contrasting note, 10.4% of freelancers proudly identify as Asian, marking their presence with the highest annual freelancing salaries. This narrative adds depth to the mosaic of earnings within the freelancing community.

12. According to the Diverse Age Spectrum of Freelancers, Seasoned Professionals Over 40 Claim That the Majority Represents 42% of the Freelancing Community.

Meanwhile, a vibrant cohort of 35% comprises freelancers aged between 30 and 40, bringing their unique energy and expertise to the freelance landscape. In the early stages of their professional journey, a dynamic 24% of freelancers fall within the 20 to 30 age group, contributing to the ever-evolving tapestry of the freelancing community.

13. Over 51% of Freelancers Hold Post-graduate Degrees, Showcasing the Diverse and Educated Talent Pool in the Freelance World.

It’s fascinating to see how this figure has jumped by 16% compared to those with different educational backgrounds. But it doesn’t stop there. The number of freelancers sporting post-graduate degrees has climbed by 6% since 2019, underlining a growing trend towards higher education in the freelance community. Conversely, about 31% of freelancers have kept things simple with a high school diploma or less. Now, let’s dive into the fascinating details of the educational mix within the freelance community.

• High school graduate or less: 31%
• Some college or associate degrees: 35%
• Bachelor’s degree: 35%
• Post-graduate degree: 51%

It’s like a snapshot of people’s diverse paths in their education, from high school grads to those rocking post-graduate degrees. Each number represents a unique journey, showcasing the rich tapestry of experiences among freelancers.

Detailed Statistics on Freelancing

Let’s take a closer look at the pulse of the freelance world and some noteworthy stats.

14. In 2024, 21% of Folks in the United States and the United Kingdom are Plotting Their Freelance Journey, With an Additional 28% Gearing Up to Join the Freelance Ranks Within the Next Five Years. 

That’s almost three out of every ten employees exploring the freelancing frontier. The younger generation is already making waves in the freelance scene. Among the 25- to 34-year-old age group, 40% are eyeing a full freelance gig, while 52% are open to testing the waters part-time. It’s like they’ve got their fingers on the pulse of the gig economy!

15. Here’s a Nugget of Inspiration: Nearly 80% of Freelancers are Hitting Success.

Of course, building a thriving freelance career takes time – months or even years – to secure a steady income. But according to a survey by Upwork, a solid 75% of freelancers are making as much, if not more, than their full-time counterparts. Talk about turning passion into a paycheck!

16. Over 83% of Freelance Leaders are Feeling Pretty Positive About the Rise of Freelancing in 2024.

On the flip side, 21% are keeping it neutral, and a brave 6% feel uncertain about their freelance journey this year. These leaders, savvy as they are, report that freelance platforms are gearing up for a potential 2024 recession. Speaking of businesses, more than half (50%) are prepped and ready for any economic turbulence, while 41% are playing it cool – neither worried nor overly confident. However, a candid 9% admit that they might face some challenges. It’s a business rollercoaster!

17. According to 66% of Employees, the Struggle is Real Regarding Finding Enough Freelance Gigs.

The stability of a 9-to-5 job seems more appealing to most, given its steady income. It’s a reminder that even in the world of freelancing, the quest for consistent work is a universal journey. Let’s dive into the real talk of freelancers—the hurdles they face and the victories they celebrate. Here’s a peek into the top challenges that echo through the freelancer community. Finding enough work is the challenge facing up to 66% of the freelance population. Another challenge with freelancing is not getting gigs regularly, affecting their income. About 62% of freelancers reported facing this problem. As we said earlier, gigs may not come regularly for most freelancers, so about 60% manage irregular work.

Most freelancers have to struggle to meet up with clients’ expectations, and it affects their pay when they don’t. That said, about 60% of freelancers reported managing expectations with clients. Some clients owe service providers in conventional work environments. It’s even more in the freelance world where about 59% of freelancers struggle with clients not paying. Unlike in the traditional workplace, where your boss often gives bonuses to motivate employees, you are on your own in the freelance world. About 59% of freelancers struggle with self-motivation. 58% of freelancers deal with time management issues, 57% face problems settling the additional cost of working for themselves, and 57% struggle with filing taxes. Finally, being your boss entails managing everything on your own, and this accounts for the problems 56% of freelancers face.

18. For 83% of Individuals, Freelancers Aren’t Just About the Hustle—They’re a Dance With Financial Freedom. 

Digging deeper into freelancers’ heartbeats, it’s clear that the rhythm of financial gains, coupled with the sweet melodies of control and flexibility, forms the anthem of the freelance journey. It’s not just a job; it’s a symphony of personal empowerment and professional autonomy.

Stats on Freelance by Country

Let’s embark on a global tour of freelance landscapes, exploring the vibrant statistics that paint a picture of the freelance world in various countries.

United States Freelance Stats

19. The United States freelancing hub doesn’t just thrive – it commands a whopping $1 trillion in US dollars. That’s not just a number; it’s a testament to the economic powerhouse freelancing has become.

20. As we rewind to 2020, a staggering 59 million freelancers marked their presence in the US, showcasing a dynamic and growing community. The freelancing tribe has expanded by over 6 million since the winds of 2014, and the growth spurt hasn’t stopped there – it’s surged by more than 3.5% since the dawn of 2019.

21. Here’s a remarkable tidbit: the freelance industry isn’t just a player; it’s a heavyweight, contributing almost 5% to the US GDP.

Freelancers Stats for Canada

22. In Canada, approximately 2.7 million individuals are not just workers but self-employed artisans of their destiny.

23. Among the Canadian workforce, a solid 15% proudly wear the badge of freelancers or the self-employed, navigating their paths.

24. Now, shifting our lens to the maple-rich landscapes of 2021, Canada witnessed a noteworthy 71% surge in the freelancing community.

Freelancers Stats for the UK

25. A fascinating narrative unfolds Across the pond in the United Kingdom. In the realm of freelancing, a vibrant community of approximately 2.2 million individuals takes centre stage. But these are not just numbers but stories of resilience and passion.

26. Out of this tribe, 1.9 million freelancers choose to dance with their craft full-time – a commitment that transcends work; it’s a way of life.

27. A resounding 88% of freelancers in the UK identify as White, reflecting the tapestry of diversity within the freelancing community.

28. Age is just a number, but it tells tales—50 % of UK freelancers, seasoned in experience, fall within the 40 to 59 age bracket.

29. A glance back to 2020 reveals a balanced gender dynamic, with 44% female and 56% male freelancers. It’s a testament to the inclusivity and equality etched into the narrative of freelancing in the UK.

Stats on Freelancers in Europe

30. Venturing into Europe’s vast canvas, we discover a rich tapestry of freelancers, estimated at a staggering 22 million. But these aren’t just numbers; they are the pulse of diversity and skill that defines freelancing across the continent.

31. Peering into the gender landscape, Europe unfolds as a realm where 65% of freelancers are male. Still, the remaining 35% adds a unique hue to this canvas – a testament to the inclusive spirit of freelancing in Europe.

32. Beyond demographics, the average age of a European freelancer is 40, reflecting a seasoned blend of experience and innovation. Education is not just a journey; it’s a cornerstone – a significant 77% of European freelancers hold at least a Bachelor’s degree, with an impressive 54% boasting a Master’s degree.

33. Europe isn’t just a continent; it’s a thriving hub with the highest concentration of freelancers, at 35.5%. This is a testament to the freelancers who weave the diverse narratives shaping the vibrant freelancing landscape in Europe.

Statistics on the COVID-19 Era of Freelancing

34. From April to June 2020, during the heat of the pandemic, a whisper of hope echoed through freelancing platforms as job openings soared by a remarkable 25%.

35. During these trying times, for almost 32%, the demand for freelance services waned, painting a picture of the challenges faced.

36. Only a resilient 5% witnessed a great demand increase, a testament to the adaptability and perhaps a stroke of good fortune.

37. Amidst the ebb and flow, 23% found themselves in a haven of stability, experiencing no significant change in the demand for their services. It’s a reminder that some found a steady rhythm in the dance of uncertainties.

38. Zooming into North America, the freelancing landscape witnessed a dip, with a decrease of 53.7% in demand during the pandemic. It’s not just numbers; it’s the collective narrative of freelancers navigating through turbulent times, each with their unique story of resilience.

Embracing the Freelance Trend

As we enter the new year, the pulse of freelancing continues to beat stronger, building on the trends observed in 2023. The gig economy is poised for further expansion, with a significant quarter of employees eagerly eyeing freelance opportunities, whether as a side hustle or a full-time venture. Let’s explore the evolving landscape of freelancing in 2024.

39. The AI Wave and New Opportunities.

The surge in AI usage is reshaping the freelance landscape, creating a demand for experts in areas like machine learning and data science. Tech freelancers predict that skills in data analysis (14.2%), data science (11.2%), and machine learning (10.3%) will be the power trio in 2024. Proficiency in programming languages like Python, Java, and SQL will be the keys to unlock these burgeoning opportunities.

40. Embracing a Four-Day Workweek.

2024 is ushering in a new reality – the four-day workweek. During discussions with freelancers, almost one in five expressed excitement about the prospect of a three-day workweek. This shift is seen as a means to boost efficiency and a strategic move to achieve revenue goals while investing less time. For many, it’s a pursuit of a balanced work-life equation.

41. Time is the Ultimate Desire.

The heartbeat of freelancers resonates with a universal desire for more time. An overwhelming 96.5% express a longing for additional time, emphasizing the need for a more balanced and fulfilling lifestyle. A significant 88.9% wish to allocate more time to their families, highlighting the intrinsic value placed on personal connections.

42. Soft Skills Take Center Stage.

Communication skills, deemed paramount by 73% of freelancers, emerge as the crown jewel in a freelancer’s skill set. LinkedIn USA echoes this sentiment, noting a shift in employer priorities from hard skills to soft skills like effective communication and teamwork. Navigating the freelance landscape in 2024 requires technical prowess and the ability to connect and collaborate. In the evolving world of freelancing, 2024 beckons with new opportunities, a redefined workweek, a craving for time, and a spotlight on the soft skills that foster meaningful connections. 

43. Entering the 30s is a Game-changer for Freelancers as They Focus on the Serious Business of Savings and Retirement.

In the United States, many freelancers are unprepared for their financial future. Acknowledging this gap, the government has taken a step forward with initiatives like Secure 2.0, designed to help freelancers secure their savings. However, it’s important to note that the full impact of these measures is anticipated to kick in after 2027.

Looking ahead, freelancers in their 30s are gearing up for a positive shift. They’re consciously putting aside a significant chunk – around 15% of their earnings – each month. It’s a proactive move, a testament to the growing awareness among freelancers that planning for the future is not a luxury but a necessity. The 30s mark a turning point, not just in age but in the financial mindset of freelancers, as they stride purposefully towards a more secure tomorrow. 

Future Predictions on Freelancing

44. In the realm of freelancing, 64% of freelancers resonate with a positive shift in their mental well-being since embracing the freelance journey. 

45. But that’s not all. The heartbeat of freelancers echoes even louder when it comes to quality of life. A substantial 68% share that their overall quality of life has experienced a positive transformation since stepping into the world of freelancing.

45. As we bid farewell to 2021, a bustling community of around 67.6 million freelancers was anticipated to paint the United States’ landscape.

46. Fast-forward to 2027, and freelancers are projected to account for over half of the US workforce, crossing the 50% mark.

47. Now, let’s go further—53.4% of freelancers believe that the demand for their services will soar post-pandemic. 

48. For the ride ahead, the growth rate of full-time freelance work is gearing up for a thrilling ascent. Over the next five years, a robust surge at an estimated rate of 65% is anticipated.

Wrapping Up

The stats shared in this article aren’t just mere numbers. They are insights compiled to illuminate your path should you embark on a freelancing adventure. If you are already stirring your course in the freelance realm, these stats can offer you a fresh perspective, serving as a compass aiding your ongoing journey. The transformative currents from the heat of the global pandemic in 2020 reshaped our perception of freelancing.

Many people are ditching the traditional 9-to-5 jobs and embracing the work-from-home model, and as a result, the gig economy is expanding. Within the confines of this article, we’ve skillfully woven together statistics and a rich tapestry of trends and facts to provide a glimpse into the dynamic evolution of freelancing.

FAQs

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Individuals and businesses seek digital aids to amplify their presence and operations in the global space. Infosys offers a handy solution through its next-generation consulting and digital services. It’s an Indian multinational information technology company that has branches spread to several clients in over 50 countries.

Infosys employed almost 342 thousand people in the fiscal year 2022. Infosys brings digital transformation to people via information technology, outsourcing services, and business consulting. In more than 40 years, Infosys grew from a market valuation of $250 to over $74.87 billion. This article discloses interesting Infosys statistics and facts worth knowing.

General Infosys Statistics

1. America stands as Infosys’s largest market for IT and business services.
2. The company was established in 1981 in India and is over 40 years old.
3. It boasts over 335,000 employees and 1,872 active clients as of 2022.
4. It’s the first Indian IT-based company listed on NASDAQ after hitting the $100 million mark in 1999.
5. Infosys has hit a market cap of more than $74 billion from its starting capital of $250.
6. The company’s revenue has grown to over $18.21 billion in the past 12 months. Also, its profits from earnings amounted to about $2.98 billion, with a 23% operating margin.
7. Infosys recorded a 20% increase in revenue in 2021, the highest growth in eleven years. In the same year, it was estimated to be worth $12.78 billion.
8. In 2021, Infosys’s rapid growth garnered recognition from Brand Finance, a renowned global brand evaluation organization. Consequently, it is among the ten swiftest developing IT service companies this year.
9. Furthermore, more than sixty per cent of its earnings are derived from the North American market.

Infosys Customer and Usage Statistics

As a well-known corporation, Infosys assists companies in enhancing their online presence by utilizing cutting-edge technologies. The company provides outsourcing and consulting services in more than 50 countries to deliver solutions for upcoming business generation.

10. As of June 30, 2023, Infosys has gained an additional 105 active clients since last year’s count of 1,778, bringing its total number to an impressive 1,888.

11. Regarding value created from its work with clientele, approximately 38 customers make contributions exceeding $100 million, while there are upwards.

12. Up to 940 companies that are Infosys clients receive revenues totalling at least $1 million or more.

13. The top five clients account for only 13.4% of Infosys’s overall revenue. The other larger corporations ( the top 10 Infosys clients) bring about 20.4%, while the top 20 customers make up 35%.

14. Most significantly, a large portion –60.8%–of the company’s revenue comes from North America. Europe trails behind with 26.8%; India generates just under 6% (exactly 2.7%), leaving 9.7 % in different regions worldwide.

Facts and Statistics About Infosys Employee

Infosys, a global IT company, employs many individuals worldwide. The information below will provide further insight into the scale of its global staff.

15. Infosys had 343,234 employees as of December 2023, representing a 2.34% increase from the 335,186 staff it had in 2022.

16. Women comprise about 39.5% of its workforce, showing that most Infosys employees are men. Also, the company’s board is 25% female.

17. Up to 317,611 Infosys employees are software experts, accounting for 92.5% of the company’s workforce.

18. The number of employees in the sales and support units amounts to more than 18,683.

19. In 2023, the firm’s revenue per employee was $53,060, and the average profit for each staff member was $8,685.

20. Regarding its financial efficiency, Infosys’s return on equity (ROE) is 31.20%.

21. The company recorded 27.16% as return on invested capital (ROIC) and 19.30% as return on assets (ROA).

Infosys Financial Statistics

In 1999, Infosys reached the $100 million landmark in its market capitalization. This accounted for its listing in NASDAQ, making it the first Indian IT firm to achieve the milestone. Also, Nasdaq noted that Infosys was one of the top 20 entities in terms of market cap in its books during the period.

22. Infosys’s enterprise value stood at $81.29 billion last year.

23. The company’s stock price has decreased by -1.04% in the last 52 weeks.

24. With the beta at 0.62, the firm’s price volatility sits below the market average.

25. Its 50-day Moving Average and 200-day Moving Average are 17.47 and 16.73, respectively.

26. The stock’s EV/EBITDA ratio hit 15.71 in 2023, while the EV/FCF ratio is 20.31.

27. Infosys’s average volume for 30 days is over 6.69 million, while its Relative Strength Index (RSI) is 49.93.

28. Some stock experts predict Infosys’s average 12-month stock price will hit $17.67. This represents a -2.21% decrease, with the lowest and highest targets at $13 and $22, respectively.

29. The last stock split for the company occurred on September 12, 2018. It recorded a forward split with a ratio of 2:1.

Infosys Share Stats

30. About 11.83% of the shares are owned by institutions in 2023.

31. Infosys records a float of 3.5 billion.

32. According to Infosys’s valuation ratios, the company’s trailing PE ratio is 24.75, its forward PE ratio is 21.83, and its PEG ratio is 2.21.

33. At the end of 2023, 32.66 million company shares were short, representing 0.43% of the total short interest.

34. On the NYSE, Infosys had a share price of $19.97 in 2022, and its market cap value was $104 billion.

35. When estimates were made again at year-end 2019, Infosy’s market cap valuation substantially decreased to almost $75 billion, with its stock estimated at around $18:17.

36. Infosys’s revenue over the last twelve months amounted to $18.21 billion, resulting in net earnings valued at up to $2.98 billion. 

37. Earnings per share (EPS) fell, hitting an all-time low of $0.71 throughout this previous annual cycle.

38. Infosys grossed overhauled approximately $5.5 billion while operating revenues reached $3.83 in the 2023 fiscal year.

39. Earnings before Interest, Taxes, Depreciation, and amortization (EBITDA) reached around $4.68, while earnings before interest and taxes (EBIT) alone stood at $4.16 billion.

40. Despite having a net debt of $1.01 billion, Infosys had a substantial net cash amounting to $2.32 billion, leading to a positive net cash position of around $1.31 billion.

41. Infosys has an impressive working capital of approximately $3.86 billion, and each share is valued at $0.32 in terms of its current standing on the stock exchange market. 

42. According to recent data, Infosys Equity/Book Value amounts to $9.17 billion.

Statistics on Infosys Dividends and Yield

43. Operating cash flows recorded by Infosys in the past 52 weeks amounted to $43.94 billion, and capital expenditure stood at -$319 million. Together, these values represent $3.62 billion in free cash flow. 

44. Over the past 12 months, Infosy’s tax payment expenditure reached $1.14 billion, accounting for an effective tax rate of 27.7%.

45. Infosys shareholders receive a dividend of $o.43 per share annually.

46. As of 2023, the annual dividend yield amounted to 2.38%.

47. The company saw a shareholder yield of 3.10%.

48. In 2023, earnings yield and FCF yield will be 3.97% and 4.83%, respectively.

49. Infosys recorded a dividend growth of 6.24% YoY.

50. The firm’s payout ratio is 60.44%, with a 0.73% buyback yield.

51. Regarding financial position, Infosys boasts a current ratio of 1.81. While its Debt/Equity ratio is 0.11, the total interest coverage is 118.80.

As of September 2023, Infosys maintains the following shareholding pattern among its shareholders.

52. The Promoters group holds 14.94% of the firm’s total shares.

53. Domestic institutional investors (DII) retain 34.86% of the shares.

54. About 33.44% of the shares are with foreign institutional investors (FII).

55. Up to 16.44% of the overall shares are with the public.

56. Other shareholder groups control 0.32% of the shares.

Infosys History Statistics

57. In 1981, seven engineers founded Infosys in Pune, India. These are N. R Narayana Murthy, Nandan Nilekani, S. D. Shibulal, Kris Gopalakrishnan, N. S. Raghavan, K. Dinesh, and Ashok Arora.

58. It started with an initial capital of 10,000 rupees ($250), which Narayana Murthy borrowed from his wife.

59. The founding team registered the firm as Infosys Consultants Private Limited in July 1981. In 1983, it relocated to Bangalore, Karnataka, India, which became its headquarters.

60. Infosys operated without computers for two years due to inadequate funding. 1983, it purchased its first computer, a Data General 32-bit MV8000 system. 

61. The implosion of KSA in 1989 threw Infosys into a crisis. Subsequently, Ashok Arora departed. With Murthy maintaining a resilient spirit, other co-founders put in their support, building the company to its present height.

62. In April 1992, the firm was rebranded as Infosys Technologies Private Limited and later went public in June of the same year.

63. It conducted its initial public offering (IPO) in February 1993 at an equivalent price of 95 rupees per share. Though the offering was undersubscribed, Morgan Stanley, a US-based investment bank, bailed out with a 13% equity stake.

64. In 1999, Infosys crossed a $100 million market cap, and the Nasdaq stock exchange listed its shares as ADR (American depository receipts). During this period, Infosys rose among the 20 biggest entities by market cap on Nasdaq as the share’s price climbed to 8,100 rupees.

65. Shockingly, Narayan Murthy wasn’t Infosys’ first employee. Rather, N. S. Raghavan. Murthy spent almost a year completing his tasks at Patni before giving his full attention to Infosys.

Infosys Outstanding Acquisitions

Infosys completed the following acquisitions that aided in boosting its growth over time.

66. In December 2003, Infosys acquired Expert Information Services, an IT service provider based in Australia. It paid $23 million to complete the ownership.

67. The firm bought the US-based McCamish System, an insurance and financial service company, in December 2009. The cost of the acquisition was $38 million.

68. In January 2012, Infosys took over Portland Group, Australia’s strategic sourcing and category management firm. 

69. In September 2012, Infosys purchased Lodestone Holdings AG of Switzerland, focusing on management consultancy.

70. Infosys acquired Panaya, an automation technology firm from Israel, for $200 million in March 2015. 

71. In April of that same year, Infosys purchased Skava, a US-based digital experience solution, for $120 million. 

72. The company acquired Brilliant Basic in the United Kingdom for £7.5 million in August 2017 and Simplus, a salesforce partner, back in February 2020.

73. In September later that year ($42M), Kaleidoscope became part of Infosys as they duly took it over, followed closely with Oddity (*€50M). 

74. Remarkably, after taking ownership of BASE Life Science (₩110m) *July ’22 finally reached Denmark’s camp, which is widely focused on equally consulting and helpfully tackling biotech solutions.

75. The firm’s shares outstanding as of ending of 2023 amount to 4.15 billion.

Other Facts About Infosys

What is Infosys?

Infosys is an India-based multinational IT company that offers global next-generation digital operations, consulting, and outsourcing services. It was first established in 1981 in Pune and headquartered in Bangalore.

Following its growth, the company is now functional in over 56 countries worldwide. In 2020, it emerged as the second-largest.

The Global Top Employer 2023 Certification

Regarding employment conditions, Infosys bagged a Global Top Employer 2023 award, retaining the honour for three consecutive years from the Top Employers Institute. It was among more than 2,050 participating entities coming from 121 countries globally. The company’s recognition stands in 22 countries from different regions, as given below.

• America – Canada, United States, Mexico.
• Europe – United Kingdom, France, Germany, Ireland, Sweden, Netherlands, Poland, Switzerland, Belgium, Romania.
• Asia Pacific – Australia, China, India, Singapore, New Zealand.
• Middle East – Bahrain, UAE, Oman.

Among The World’s Most Ethical Companies 2023

According to Ethisphere, Infosys emerged as one of the World’s Most Ethical Companies in 2023. Despite the tough grading criteria, it has received this award for three consecutive years.

Top 3 IT Services Brands

Brand Finance, a prominent brand valuation company, ranked Infosys as one of the top 3 Service Brands globally. The rating came through Brand Finance’s Global 500 2023 report.

Top 10 Best Companies for Women in India

Infosys was ranked among India’s Top 10 Best Companies for Women 2023. Notably, the firm receives the award for the fourth consecutive year from Avtar & Seramount.

Infosys Subsidiaries

Infosys boasts several subsidiaries and off-shots worldwide in its wide range of digital services. These include the following:

• EdgeVerve System Limited.
• Infosys Consulting Holding AG.
• Infosys BPM Limited.
• Infosys Consulting Ltda.
• Infosys Technologies Co. Limited, China.
• Infosys Public Services Inc.
• Infosys Technologies Pty. Limited, Australia.
• Infosys Technologies (Sweden) AB.
• Infosys Technologies (Shanghai) Co. Limited.
• Infosys Technologies S. de R. L. de C. V.
• BASE life science.
• Noah Consulting, LLC.
• Panaya.

Final Thoughts

The page highlights how Infosys has grown into its current position as one of many prominent IT firms worldwide. It provides services like outsourcing, insurance, manufacturing endorsement, and freestanding validation, helping many businesses.

It has stayed home by helping with brand reviews. It has added value to life to overcome challenges. And, the firm has given great client satisfaction. It uses technology to do this. Studying its over forty years of history will help you — so will studying its around seventy-five billion dollars under admirable operations reflected in these statistics. They will help you appreciate its growth and impact on the global economy.

FAQs

References

The post 70+ Fascinating Infosys Statistics and Facts 2024 appeared first on The Tech Report.

Data has become the new currency in the fast-paced world of modern business. Organizations live and breathe on insights gleaned from vast troves of data for all good reasons. They use it to steer decision-making, chart strategic courses, and streamline industry operations. Surprisingly, 38% of the US data entry workforce holds a bachelor’s degree. That underscores the value placed on formal education in this critical field.

In our data-obsessed era, data entry and processing efficiency and accuracy can make or break entire enterprises. $274 billion is the global market value of Big Data and Analytics.

Understanding data entry is now paramount. We must understand it as we navigate the ever-changing global business landscape. This thorough analysis digs into data entry. It uncovers key trends, insights, and analyses. They offer a wide view of this fast-changing field in 2024. The report covers the latest best practices, tools, and techniques. It will give you the knowledge they need to improve their data entry.

Key Data Entry Statistics

1. Automated data entry ensures between 99.95% and 99.99% accuracy. This contrasts with the accuracy rate of human recording, which oscillates between 96% and 99%.
2. In 2021, the US has more than 151,000 data entry employed clerks.
3. The Federal Postal Service pays the highest for data entry specialists, and it has up to 800 workers, earning an average of $26.19 per hour and almost $54,470 annually.
4. Up to 10% of data entry employees earn over $51,510 annually.
5. White folks have the largest population of data entry specialists, taking up 54.4% of workers in the entire field. 
6. Women are more dominant in data entry and have higher working capacities; they comprise 80.1% of the entire population of data entry workers.
7. When computing about 10,000 data, automated systems will record minimal errors (1 to 4.1), but humans will make more, about 100 to 400 errors.
8. Automation has reduced hand-recording processes by 80%.
9. The average age of a data entry clerk is 44 years.
10. 54% of data entry clerks prefer working at private firms to working for public entities.

Data Entry Job/Employment Statistics

Based on current trends, most businesses prefer to record their data and other details electronically, meaning the demand for data entry clerks will keep rising as the years go by. Here are some employment facts in the data entry sector:

11. The number of data entry employees in the United States reached over 165,000 in 2022, an increase of 8.4% from 151,000 the previous year. The increased use of modern computation has made more people and businesses seek data entry workers.

12. The projected growth for keyers is estimated at -2 % in 2032. Though the need for data entry is rising, some companies could resort to automated updates instead of human clerks, reducing the number of keyers in the future.

13. Atlanta, Georgia, is the city with the highest demand for data entry workers in the country. Besides Atlanta, New York is another city with a growing need for data entry keyers.

14. Up to 90% of data entry keyers are operators. Notably, analysts represent 10% of the total population of data entry clerks. They specialize in statistical analysis in computation.

15. Entities with over 10,000 employees hire 42% of data entry specialists. Companies with 1,000 to 10,000 workers have 23% of data entry keyers, and those with 100 to 500 have 15%. However, firms with less than 50 workers make up just 2% of the population of data entry specialists.

16. Data entry keyers in Seattle earn the highest US industry earnings.

17. Spanish is the top common foreign language among data entry clerks, accounting for 63.6%. French, at 7.4%, takes second place, while Russian, at 2.7%, comes third in popular foreign languages spoken by data entry specialists. German and Portuguese stand at 2.5% and 2.4% respectively.

Data Entry Clerk Demographic Statistics

Data Entry Workers’ Statistics Based on Gender

19. Women comprise the greater number of data entry clerks in the United States. The female gender accounts for 80.1% of the total data specialist population, while men represent just 19.9% of workers in the industry.

20. The number of males in the data entry industries has gradually risen. Their participation increased from 14.41% to 19.88% within a decade. However, the women saw a slight decline as the days rolled.

21. For every $1 the male data entry specialists earn, the female counterparts earn 99 cents. This shows that the total earnings of women in the field are 3% less than that of the men.

22. While the average annual salary of female data entry keyers is $32,003, male keyers earn an average of $32,477.

Data Entry Workers’ Stats by Race

23. White is the most common ethnicity of data entry workers, accounting for 54.4% of their population. Between 2011 and 2021, the number of white data entry keyers dropped by 6%. Over the years, the number decreased slightly, slowly impacting the total population status.

24. About 22.8% of data entry specialists are Hispanic or Latino.

25. Black or African Americans constitute up to 10.5% of the total population of data entry workers.

26. The ethnicity of 7.5% of data entry clerks is Asia.

27. While America, India, and Alaska Natives represent 0.6% of data entry workers, unknown ethnicity makes up 4.2%.

28. The Hispanic or Latino ethnicity in the profession has recorded consistent growth, with an increase of over 4% between 2010 and 2021.

Similarly, the other ethnic groups saw changes in their number of workers within the same period. Though there are fluctuations, the overall trend indicates significant progress in the field and a diverse workforce among the specialists.

Statistics of Data Entry Workers by Age

29. The average age of a data entry worker is 44 years.

30. An average male data entry keyer is about 32 years old.

31. The female data entry specialists have an average age of 32.

32. Up to 57% of workers in the field in the United States are older than 40.

33. Employees between 20 and 30 years old represent just 20% of the total population of data entry clerks in the US.

Data Entry Income Stats

34. Black or African American data entry professionals earn the highest average income of $31,991 annually.

35. The average income of White and Asian data entry keyers are $31,771 and $31,584 respectively.

36. Hispanic or Latino workers in the profession earn $31,711 yearly.

37. The annual income of data entry workers ranges between $31,500 and $32,000, irrespective of ethnicity.

Surprisingly, the difference in the average earnings of data entry workers according to ethnicity is minimal. The close range in the wages among the groups reflects a level of equity in the profession. However, other factors such as years of experience, educational level, and others affect the yearly earnings of workers.

38. The average salary of a data entry specialist in the United States is $36,562 each year.

39. Most workers in this profession earn an average of $28,961 annually in the United States. This wage amount shows keyers’ hourly pay is almost $15.80.

40. In the US, beginners in data entry earn about $24,000 annually.

41. About 10% of the best data entry keyers make a yearly income of over $33,000.

Education Statistics

42. About 38% of the total population of data entry clerks in the United States have a bachelor’s degree.

43. Just 21% of the workers in the US completed high school.

44. While 25% of data entry clerks have associate degrees, 7% have diplomas.

45. Specialists with a bachelor’s degree earn more income than those without, getting $33,846 every year.

46. The average salary of workers with a Master’s degree is about $33,993 annually.

Stats on Data Entry Error

Amid the new additions in systematic processes, there will still be certain levels of mistakes. Here are some details on data entry errors:

47. About 60% of entities don’t have complete confidence in their data quality.

48. Manual data entry is estimated to produce up to 1% error.

49. Data entries without any verification layer step have a 4% error level. This means that four errors will be found in every 100 entries.

50. The error rate in a human entry is 100 times compared of an automated system.

51. In the medical sector, mistakes in data entries lie between 0.04% and 0.67%.

52. Researchers record about 0.55% to 3.6% in data computation.

53. Just 16% of companies appreciate the quality of their marketing data.

54. Errors in automated systems range from 1 to 4.1 for 10,000 data entries, while a human will record about 100 to 400 errors. 

55. New York City has the largest number of data specialists in the United States, and most professionals live there. Houston, Texas, is another preferred destination for many data entry clerks.

Facts About Industries that Hire Data Entry Specialists

56. More private companies hire data specialists, with over 54% of the workforce.

57. Government-based establishments and offices have 4% of data entry clerks.

58. Companies and institutions in the education sector employ just 2% of data specialists.

59. The main industry that hires data entry keyers is Staffing and Outsourcing, accounting for a 15% employment rate. Technology represents 10%, while banking and finance make up 9% of hiring data specialists.

60. The IT services industry takes on just 5% of data entry keyers.

61. Telecommunication, advertising and marketing, and real estate are among the industries with the lowest employment records of data specialists. Their hire rates are 2%, 1.5%, and 1.5%, respectively.

62. About 40% of data keyers are found in public entities.

Data Entry Skills

All data entry specialists require basic skills to help them maintain an excellent output in the field. Some of the necessary skills are as follows:

• Fast Typing: Speed is an essential part of data entry jobs. You must know how to type fast and promptly deliver your work to retain your position and grow in the field.
• Attention to Details: It is one thing to type; it’s another to be efficient. Paying attention to details will prove that data entry work is worth it and will also impact your overall commitment.
• Accuracy: Regardless of your typing speed, accuracy is a crucial indication of your competence. Many mistakes negatively reflect your personality and position as a data entry clerk.
• Software Awareness: The world is advancing, and you must remain relevant. You must know related software in data entry jobs to prove your efficiency and knowledge.
• Time Management and Good Organization: Good time management and organization will aid your deliveries. Organizing your data well will help you prioritize your tasks, effectively manage time, increase efficiency, and maintain a positive attitude at work.

Conclusion

There are no hidden tricks in being a data entry clerk. While the profession has no special qualification, you must have good typing skills and concentration to reduce the number of errors. Modern computing has offered more benefits in the field of record keeping. It helps to minimize the levels of errors and ensures faster entry time. Moreover, data entry is a good way of keeping information and facts for many years.

FAQs

References

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We found the key digital nomad statistics that highlight emerging trends in the modern workforce, particularly since the COVID-19 pandemic. More and more people seek fully remote or hybrid jobs, and some sectors already stand out for their sizable share of remote employees.

This article discusses the jobs and sectors with the most remote opportunities, plus other key telework and digital nomad statistics. We dive into the average nomad income, the best and most popular remote working locations, as well as into the unique benefits and challenges of remote work.

Let’s get started.

Key Digital Nomads Statistics to Know In 2024

An Overview of The Latest Teleworking Statistics

Although telework and digital nomadism aren’t the same, they both imply working remotely. A closer look at telework trends can tell us more about potential digital nomad statistics.

It’s likely that the wider adoption of remote arrangements could lead to more digital nomads thanks to the increase in teleworking jobs across industries, now available to employees from all over the world.

Remote Work Adoption Increased Since The Pandemic

While the concept of teleworking has been around since the 1970s, we’ve only seen a drastic shift in remote work statistics in the past few years. The COVID-19 restrictions fueled the adoption of remote and hybrid work across the board.

In the US alone, the share of home-based workers more than tripled throughout 2019–2021, going from 5.7% to 17.9% of the country’s working population as per data from the US Census Bureau.

This shift from on-site to remote work in the US has been going down since 2021, though. According to a recent online survey, the share of US respondents working remotely went from a peak of 70% in 2020 to under 30% in Q2 2022, likely because of more companies pushing for a return to the office.

However, the percentage of remote workers stabilized at levels much higher than prior to the pandemic (27% in 2024 vs 8% in 2019). The share of people working hybrid jobs also hit an all-time high of 54% in 2024. Note, this was a smaller scale online survey.

According to recent data from Euronews, new remote and hybrid LinkedIn openings in the US made up less than 25% of jobs offered on the platform at the end of 2023.

In comparison, hybrid jobs made up over 30% of openings in France and Germany, and over 40% of those in the UK. With LinkedIn being among the biggest job search platforms worldwide, this finding tells us quite a bit about the regional job markets and the local adoption of remote work.

The Latest Global Stats on Remote Work

Throughout 2015–2023, the percentage of people working remotely went from 7% to 28%. These estimates come from a 2023 survey of 980 employers, but the trend is true across multiple surveys and reports.

The sharpest increase occurred between 2019–2022, with things seemingly leveling off in 2023. Prior to 2019, the share of remote workers grew at a modest rate of 1% per year.

An earlier 2022 survey of 1,200 chief information officers further supports this finding. The survey found that only 15% of global companies’ workforce worked remotely before COVID. That percentage rose to over 70% at the peak of the pandemic, but quickly went down to 45% in 2022.

Interestingly, a little over a third of the companies’ workers are expected to keep working in a hybrid model permanently, as of 2022. So, while the share of remote workers has been going down since the pandemic peak, it will likely remain higher than before 2020.

Of course, these figures are just averages, and the share of remote workers varies considerably across industries.

Remote Work Across Industries

Based on the same survey of 980 employers, the tech industry has the highest percentage of fully or mostly remote workers globally, followed by agencies and consultancies, finance and insurance, and engineering and science.

In 2023, nearly 68% of the workforce in tech worked remotely. At the opposite end, less than 15% of those in the healthcare, food, and hospitality industries partook in remote work.

Although not impossible to cook from home, you need a Health Department-approved kitchen to serve others, so remote work in the catering industry is understandably more challenging.

Previous data from the 2021 Business Response Survey had similar findings in the US, where information, financial activities, professional and business services, and education services had the largest share of jobs involving full-time or hybrid teleworking arrangements.

Other sectors like construction, manufacturing, retail trade, accommodations, and transportation aren’t compatible with remote work, so their lower shares are to be expected.

How Employees View Remote Work

The perception of remote work seems primarily positive. A 2021 survey of 3,900 employees worldwide found that 80% or more of respondents believe remote work is the future.

A vast majority of respondents also reported being able to accomplish all their tasks remotely, and 8 in 10 would recommend remote work to a friend.

Although down by 10% since 2020, over half of respondents would still consider leaving their current company for a remote role.

A subsequent worldwide 2022 survey of 3,000 respondents also showed the majority of remote employees prefer to keep working remotely.

Over 70% of respondents said they’d like to be fully remote, and 20% preferred hybrid, remote-first work arrangements.

Also, 71% of respondents said their company was planning on permanently allowing some amount of remote work in the future.

As we highlight below, the increasing number of employees and businesses favoring remote work is likely because of telework’s compelling benefits. Some of these include lower operational costs for employers, and more freedom, flexibility for workers.

Employers’ Attitudes Towards Remote Work

Although many employees have returned to the office since 2023, we can see the long-lasting impact, with more employers and employees considering telework as a viable alternative to onsite work.

It seems some companies are already recognizing some of the benefits of remote work. Among the surveyed global employers who adopted remote work in 2023, 41% cited access to a broadened talent pool as the main reason.

Other frequently cited reasons included benefits for attracting and retaining talent, increased productivity, and reduced costs.

Surprisingly, 54% of employers surveyed in 2023 said they trusted the productivity of remote employees overall. Only 15% of employers were unsure or untrusting of their remote workers’ performance.

Another smaller-scale 2023 survey on 281 IT professionals found productivity decreasing was a consideration for 28% of organization leaders.

Although productivity was among the main concerns of hybrid work, the top priorities were organizational culture and effective collaboration, along with being able to tell when employees are demotivated.

As for employers who introduced return-to-office mandates in 2023, only 6% cited increasing productivity as a reason. Company culture or connection was the largest motivation for return-to-office mandates worldwide, followed by facilitating cooperation.

Crucially, these return to office decisions weren’t based on employees’ preferences.

Digital Nomadism Is Slowly Picking Up

Overall, it seems more employees worldwide enjoy fully-remote job opportunities today, particularly in the tech, consulting, finance, and professional services sectors.

Given that flexibility to choose where to live and work ranked among the top five benefits of remote work for global respondents in 2022, it’s likely that a sizable share of the new teleworking workforce could favor digital nomadism.

While we don’t know how many digital nomads there are, a WYSETC report estimated the number at over 40 million in 2023, with a projected growth to roughly 60 million by 2030.

Right now, most digital nomads come from the US. According to 2023 estimates, the number of digital nomads and aspiring digital nomads in the US has been going up year on year throughout 2019–2023.

Based on these figures, the US already has the most digital nomads in the world, although this positive trend likely stands for other countries where remote work is becoming more accessible.

According to Google search trends, global interest in ‘digital nomad’ and other related queries has been going up since 2019. Interest hit an all-time peak beginning in Q2 2022, and has since remained higher than pre-pandemic.

In 2024, North America, Western Europe, and parts of the APAC show the highest interest based on search volume.

Remote vs Onsite Work – How Do They Compare?

Remote work brings many benefits to employees; many of them have to do with a better work-life balance or increased freedom and flexibility. Here are some of the perks of remote work, in practice:

Remote work could also benefit businesses, as it generally encourages tech adoption (like EoR, CRM, and project management software), it enables access to a wider pool of local and international talent, and it reduces maintenance and turnover costs.

However, remote work also has unique challenges, particularly for workers.

According to 2022 data from Statista, some of remote workers’ leading struggles include loneliness, inability to unplug, and being in a different timezone than their coworkers.

Other problems cited that are unique to remote work include staying home too often and encountering distractions at home.

Additionally, 15% of survey respondents mentioned challenges in career advancement or growth, which could become even more of a concern in the future.

Since 2023, more employers have also been considering pay cuts for remote workers. A recent survey of 937 UK managers also suggested that remote workers are less likely to get promoted or receive a pay raise, compared to their onsite counterparts.

Other reports show remote workers have fewer opportunities for mentoring, connection, and feedback than their onsite colleagues, which could further limit their career path, especially as new employees.

Even after the introduction of stringent return-to-office policies, remote workers, and digital nomads in particular, are still more likely to be highly satisfied with their job.

In 2023, for example, 80% of the surveyed digital nomads reported high job satisfaction, compared to 59% of non-nomads.

A Closer Look at Digital Nomads Demographics

Nomad List is one of the most popular online communities for digital nomads. Their periodic user surveys give us the most comprehensive data on nomad demographics, including digital nomads’ age, nationalities, income, and more. Let’s see their recent findings.

Which Countries Have The Most Digital Nomads?

A recent analysis of Digital Nomad List’s members shows us how many nomads in the USA and other countries use the platform, and which nationalities make up the largest share.

According to their findings, most digital nomads come from the US. Americans made up 46% of the respondents, surpassing all the other nationalities by a large margin.

Based on these numbers, Nomad List estimates the total number of US nomads at over 37 million, considerably higher than other sources.

The other top nationalities for digital nomads were British (7% of Nomad List members), Russian (5%), Canadian (5%), and German (4%).

Other countries in Europe and the APAC were even less represented, despite also providing remote or hybrid work opportunities at rates comparable to the US or higher.

Age and Gender of Digital Nomads

Digital nomads are more likely to be men. Another 2024 Nomad List survey shows men outnumber women on the site, as they made up 61% of the survey respondents.

The majority of digital nomads are also under 40 years old. As per a 2023 analysis on 1,200 respondents, 52.6% of digital nomads are aged 30–39, followed by those aged 18–29 at 22.4%.

These numbers suggest most US digital nomads are Millennials. In fact, Millennials make up 37% of the US digital nomad population, followed by Gen Xers (27%) and Gen Zers (21%).

Millennials also make up the largest share of the global workforce, so it seems like digital nomad age demographics reflect the wider market distribution of workers. This indicates a meaningful long-term trend forming.

Education, Income, and Occupation of Digital Nomads

Over 90% digital nomads have a higher education, with 54% of those having a Bachelor’s. The share of college-educated digital nomads goes hand in hand with their annual income and top career choices.

As per 2024 data from Nomad List, 35% of digital nomads on the site earn $100k–$250k/year. Another 34% make $50–$100k/year, which is equal or higher than the average US salary.

As for the most popular careers, 2023 data on US digital nomads shows 19% are working in IT, followed by 14% in creative services. Other popular professional fields included education and training, sales and marketing, finance, and consulting.

There’s some overlap among the leading digital nomad occupations for men and women, although male digital nomads are the most likely to work as software devs, web devs, and startup founders.

On the other hand, nomad women are more likely to work in creative and community fields, blogging, or coaching.

It’s worth noting the women’s sample size was over three times smaller, so it would be interesting to see if a larger sample or a sample from a different community would alter these findings.

Finally, over a third of digital nomads also work as freelancers, although another 31.5% are full-time employees. Entrepreneurship was the third most popular type of employment, reported by 13.6% of survey respondents.

So, it seems the average digital nomad is likely to be young, male, and have a higher education. Most digital nomads also work in IT and creative fields, often as freelancers or full-time employees.

The Most Popular Destinations for Digital Nomads

Europe also offers the most digital nomad visas, which further contributes to its popularity among digital nomads in 2024.

As of 2024, 18 European countries let nomads apply for visas, including the Czech Republic, Italy, and Spain. The Americas are close behind offering 16 visas, many throughout Latin America.

Regarding the most popular countries, the latest digital nomad statistics from Nomad List show most nomads travel to or within the US.

In march 2024, 14% of digital nomads’ trips were in the US, though it’s unclear how many of these nomads were foreign visitors and how many were US citizens relocating periodically.

Mexico was the second most popular destination in the Americas, accounting for 4% of trips reported by nomads in the survey. Most other top visited countries were in Europe, with Spain being the first choice and accounting for 5% of all trips.

The UK, Germany, France, Italy, and Portugal were also within the top 10 destinations. In Asia, the countries with the largest share of nomad visitors were Thailand, Indonesia, Japan, and Vietnam.

According to the same data, London is the most visited city, accounting for 2.3% of all reported trips. With a sample size of 322,140 trips, that means digital nomads have visited London 7,400+ times as of March 2024.

Other top cities with over 4,000 visits included Bangkok, New York, Berlin, Lisbon, Paris, Barcelona, and Amsterdam.

Some other remote work hubs have grown rapidly in the past five years, with Tbilisi, Madrid, Budapest, and Warsaw taking the lead.

It also seems most nomads change their location frequently. While the average time spent was 2 months per city and 6 months per country, the largest share of respondents in the same Nomad List survey said they spent less than a week in one city and 70–30 days in one country.

This could be due to legal requirements or reporting bias, as many countries have legal requirements for travelers to register with the local authorities if staying in the country for more than three months.

Prolonged stays also mean nomads will have to pay taxes, although the degree of legal enforcement varies from country to country.

Key Trends Influencing Digital Nomadism

The same factors that influenced remote work thus far will continue to fuel digital nomadism in the future. We can also expect new technological developments that will make it easier for companies and employees to effectively adopt hybrid or remote work arrangements.

Here are some key ongoing and future trends influencing digital nomadism:

Work Policy Changes

The increased adoption of hybrid and remote policies by companies worldwide is a major factor that could encourage the growth of digital nomadism. And with over 80% of workers globally preferring offsite work, the demand for policy changes is pretty clear.

An increasing number of companies are already adopting remote or hybrid arrangements to cut costs, so it seems company culture is slowly shifting globally (particularly in the IT sector).

Thanks to this, more employees will have the opportunity to work from anywhere, even while traveling.

More Digital Nomad Visas

The logistics of working while traveling used to be quite complicated before the introduction of digital nomad visas. Digital nomads are usually not eligible for work visas, and tourist visas could be too short for slow travelers relocating every few months.

Enter digital nomad visas – a flexible, affordable option allowing digital nomads to live and work legally in their destination country. With more countries introducing such visas in the past few years, being a digital nomad is becoming a lot easier.

Implementation of Business and Collaboration Software

Advancements in business and collaboration software are critical for the adoption of remote work policies, as hybrid and remote work environments face unique challenges relating to HR processes, company culture, and technology.

Some of the most commonly-cited hurdles include employee training, management procedures, onboarding, and collaboration.

However, the wide scale implementation of collaboration tools and business software (like EoR, project management, payroll, and onboarding solutions) will facilitate the switch to remote work by enabling seamless communication and collaboration regardless of location.

As these technologies continue to evolve and improve, they will make remote work more efficient and accessible for both companies and remote employees.

Digital Nomads and Remote Work Statistics Are Here to Stay

Based on the most recent digital nomad statistics, nomadism is on the rise. Although they still make up a very small share of the global population, we can see a sustained increase in the number of digital nomads over the past few years, particularly since the pandemic.

Telework and digital nomad statistics show a slowdown since the pandemic, but the number of remote or hybrid job openings and the interest for digital nomadism stabilized at a new high since 2022.

Moving forward, a combination of evolving remote work policies, the proliferation of digital nomad visas, and the ongoing development of business and collaboration tools creates a supportive environment for the digital nomad lifestyle, sustaining its recent and future growth.

FAQs

References

The post Digital Nomads Statistics and Figures in 2024 appeared first on The Tech Report.

Nonprofits are organizations dedicated to creating positive environmental changes without making a dime. With over 1.5 million such organizations registered in the United States alone, they play a major societal role.

They bring arts programs to underserved youth, fund medical research, and impact lives in countless ways. According to records, over 30% of Americans volunteer their time. Also, monetary donations have reached $500 billion on an annual scale. Nonprofits also create meaningful employment for 10% of the workforce and drive extensive economic ripple effects. They do this through volunteerism, charitable giving, and job creation.

The past two years have shown that nonprofits are agile and resilient. They faced new challenges. Over half adapted programs virtually when COVID-19 disrupted traditional fundraising and services.

This level of adaptation is why nonprofit growth continues surging. Robust expansion over 20 years confirms nonprofits’ vital role in tackling society’s most pressing issues. These statistics will help you understand how pivotal nonprofits are in the economy. There are many amazing records and facts about Nonprofits. But we’ll show you the most interesting and informative ones. Keep reading.

Key Nonprofit Statistics for 2024

1. Across the globe, there are many nonprofits and non-governmental organizations – over 10 million worldwide. 
2. Around 1.3 million recognized charities and 501(c)(3) groups exist in the United States. 
3. Around 10% of the American workforce finds employment within these nonprofit organizations, contributing to a 5-10% slice of the US GDP. 
4. For every ten people working, one of them works for a nonprofit. 
5. California has the greatest number of nonprofits of any state, followed by Texas and New York. 
6. Regarding types of US nonprofits, foundations, schools, and religious institutions comprise around 40% combined. 
7. Religious organizations lead as the most prevalent category among America’s nonprofits.
8. Donations saw a 1.7% decline, marking the first contribution decrease since 2012.
9. While individual monetary support decreased, alternative forms of giving gained traction.
10. The United States hosts over 1.7 million charitable entities, which have experienced an annual growth rate of about 1.4% over the past two decades.
11. Nonprofit entities encompass over one in ten companies in the United States and employ roughly 6% of the nation’s workforce.
12. The collective revenue of these organizations surged from $1 trillion to nearly $3 trillion.
13. There were reduced contributions and fewer volunteers across half of charity organizations due to the pandemic impacts.
14. The delivery model of these entities changed because of COVID.
15. Donations and contributions feed hungry individuals, protect animals, start racial equality, and run faith-based programs.
16. Not less than forty percent of nonprofit entities work with educational, community, and religious foundations.
17. The nonprofits in charge of enforcing enhanced password security are below 50%. Yet cyber challenges are increasing.
18. Despite widespread online threats, regular employee coaching on the best practices of digital safety is lacking among 59% of nonprofit employees.

Fundraising Statistics of Nonprofit Entities

19. Almost ½ of the revenue of nonprofit entities comes from goods selling and rendering services. This negates the fact that donations sustain them.

20. For the record, nonprofits affiliated with schools make up to $1.5 billion every year through sales.

21. Only in 2019 did the charity groups based in the US accumulate up to 175 million contributions even though they highly needed more steadfast income streams.

22. The coronavirus interrupted humanitarian endeavors. However, the impact was not as severe as expected.

23. Donations to charity entities come from over ninety percent of wealthy homes. However, most of these entities’ inheritances come from members’ wills after passing.

24. While the COVID turmoil lingered, more than ½ of donors didn’t try to cut down on their contributions after the pandemic.

25. Fifty-three percent of such individuals made special requests during the pandemic to counterweight losses.

Recently, many charity entities have been actively working with online donors. Sources and methods of generating income vary from one nonprofit organization to another, but this doesn’t change the fact that fundraising and free-will gifts remain crucial to their operations each time crises arise.

So, they aim to enhance their revenue streams against potential rainy days. At the same time, they endeavor to support their past and potential givers via various tactical digital outreach methods. For these nonprofits, embracing versatile, donor-based funding techniques is a way to keep making huge differences amidst hardships.

Nonprofit Marketing Statistics 2024

26. In nearly 79% of cases, online videos are crucial in convincing donors to contribute.

27. Up to two-thirds of nonprofits express concerns about underutilizing digital platforms and tools. 

28. In 2018, only one-third of these organizations invested in social media advertisements. 

29. Globally, 18% of charitable donations are made through Facebook. 

30. Open rates for nonprofit emails range from 15% to 17%. 

31. Volunteers within nonprofits tend to be twice as inclined to contribute financially compared to non-volunteers. 

32. Additionally, when nonprofits actively seek support through advertising and appeals, they secure monetary donations and attract more individuals willing to offer their assistance voluntarily. Most of the donations, about one-third, made through online platforms come from mobile phones.

33. Younger folks, those under 55, are much more likely, about 40% more, to volunteer their time.

34. In the UK, about two-thirds of the volunteers are women.

35. In the US, people around 64 are usually the highest donors and about a quarter prefer to gift assets like property or stocks instead of cash donations. 

36. Furthermore, approximately 25% continue giving for at least another year upon acquiring new donors.

Nonprofits Growth Statistics

37. Charitable giving in the US reached a new high in 2022, with nonprofit entities receiving a whopping $520 billion in contributions and donations.

38. According to reports, at least 2/3 of these contributions come from daily contributors. Also, online donations keep climbing by 13% in the same year and are expected to continue climbing in the coming years.

39. Besides online giving, corporate donations are climbing, too. But that’s not all. The number of nonprofits in the United States also increased by roughly 20% in 2023, with more than 1.8 million entities present.

40. Corporate donations are also rising, making up 5% of nonprofits’ total support. From 2021 to 2022, their business donations went up 23%.

41. With many worthy causes, charities must creatively share their mission to stand out. Garnering donor awareness and dollars grows more competitive each year.  

42. Over 12.5 million jobs exist within the nonprofit sphere—a sizable segment of private-sector employment. 

43. Additionally, about 25% of nonprofit workers now telecommute, drastically higher than pre-COVID days.  

44. Large nonprofits expanded their follower base by 15% on social media on average. Their online presence proves as vital as traditional outreach these days.

45. Entering 2023, charitable organizations remain on an upward track—receiving funds from more sources, creating jobs, and harnessing digital channels to promote their meaningful work.

Nonprofit Digital Advertising Statistics

46. Nonprofit organizations spent roughly 6 cents of every dollar donated digitally on web advertising in 2021. That’s a 19% jump in their digital ad budget from the previous year. 

47. Of the various online ad platforms, Google Ads generated the best return for them dollar-for-dollar—averaging $4.78 for each $1 spent. 

48. As the leading search provider, Google holds about 84% of the market share and processes over 3.7 billion daily searches. High visibility on Google is pivotal since 98% of search result clicks happen on page one.

49. While smaller, Microsoft Search (Bing, Yahoo) retains a solid 11.5% market share that is still significant.  

50. Google has supplied more than 115,000 charitable groups with over $10 billion in complimentary ad funds through its Ad Grants initiative.

51. On average, nonprofits pay around $1.43 per click on Google Ads. But visibility alone drives donations, too—35% of their online revenue comes from ad views without clicks.

52. Regarding return on ad spend in 2021, search ads performed best at $3.72. Display and social media trailed at $0.59 and $0.57, respectively.

53. The top causes Americans to donate to are food banks, churches, animals, and racial justice. Causes related to the pandemic were also popular in the last couple of years.  

54. Over half – 56% – of Americans give to charity each year. The average yearly amount people donate is around $700. 

55. Baby Boomers and Gen Z tie for the top spot, with 60% and 57% donating to nonprofits, respectively. Since Gen Z will be the biggest generation soon, their passion for social causes and organization stories matters.

Managing digital marketing takes expertise. Working with pros like Getting Attention helps nonprofits maximize programs like Google and Microsoft Ads.

Nonprofit Volunteers and Donors

56. Though only 11% of the population donates, 88% of seniors 78+ donate, giving almost $1400 yearly on average. Millennials tend to give more than Baby Boomers, and Gen Z donates more than Gen X on average.

57. 45% of donors are signed up for monthly recurring donations. Monthly givers donate 42% more overall than one-time givers.  

58. Online donations increased over 12% last year, powered by Millennial and Gen Z comfort with technology. 

59. A pretty big 30% of all Americans volunteered at some point over the past year. 

60. Around 67% of people who donate money to nonprofits also volunteer their time and talents. The two often go hand in hand.

61. For the first time during COVID, more Gen X and Millennial folks volunteered than Baby Boomers. The younger generations stepped up.

62. Most volunteers are married women with kids who went to college and are between 35 and 44.  

63. Food collection and handouts are the top volunteer activities across the US. 

64. When communicating with volunteers and donors, email is preferred by 70%. So newsletters and fundraising appeals do best in inboxes.

Many everyday Americans from all walks of life lend nonprofits a helping hand. Women lead the charge, but younger generations are pitching in more lately. And making sure email lists are up-to-date is critical since most supporters expect to be contacted digitally. Americans’ generosity knows no bounds, especially when the causes deeply resonate with them. With monthly contributions and online platforms now in the picture, lending a hand has never been more convenient.

Conclusion

Charitable groups across America do a world of good for local communities. Their work encompasses feeding the hungry, funding medical breakthroughs, sheltering people without homes, protecting animals – the list goes on. The significance of these charitable organizations continues to grow. At last count, roughly 1.5 million were registered in the US, accounting for 15% of charities worldwide. Additionally, these groups employ around 16 million people, making up about 10% of America’s workforce. Their contributions also factor heavily into national GDP at 5.7%.

While the number of charitable nonprofits has steadily grown at 1.4% yearly over the past two decades, their collective revenue has skyrocketed. In 2000, earnings totalled $1.15 trillion but had doubled to $2.62 trillion by 2016. Although current nationwide figures are unclear, their income has soared over recent years. Despite their commendable goals, these charities handle substantial sums to fund their work. Their operations may be well-intentioned, but the scale of financing involved is monumental.

FAQs

References

The post 60+ Key Nonprofit Statistics: Essential Insights for 2024 appeared first on The Tech Report.

The gig economy allows people to enjoy flexible work hours. They can do so without the hassle of waking up early to beat the office start time. Technology has made it much easier to connect employers with workers. So, you don’t need to put up a “workers needed” sign at a location or rent an office to converge employees.

While gigs are a side hustle for some, they are a full-time job for most people. Whatever the case, one thing is certain: gigs, whether as side hustles or main employment, put food on people’s tables. For that reason, the gig economy has turned into a thriving economy. Experts expect the gig economy to reach $500 billion in gross revenue within five years, with a third of the world’s workforce currently participating in it.

Since the lockdown, more people and businesses have embraced this work model. Many now prefer to use the services of contract workers. Reviewing the highs and lows of gig economy statistics will help you fully understand it and appreciate its value. Let’s plunge in.

Key Gig Economy Statistics

1. Over two-thirds of full-time gig workers find it a more secure form of employment than a regular job.
2. Up to 31.63% of consultants in the last couple of years had a fall in service demands. 
3. Freelancers yield as huge as $1.21 trillion into the coffers of the United States.
4. Experts had high hopes that the gig economy would hit a gross volume of $455.2 billion at the close of 2023. 
5. Up to 20% of people considered freelancing to support themselves in 2021. 
6. As large as 40% of the United States workforce passed off as moonlighters at the end of 2020.

General Gig Economy Statistics

1. Over Two-thirds of Full-time Gig Workers Find it a More Secure Form of Employment Than a Regular Job.

More than two-thirds of people doing gigs full-time see it as more secure than regular employment. Working in the gig economy removes the twists and turns that come with regular work settings.

2. Up to 31.63% of Freelancers in the Last Couple of Years Had a Fall in Service Demands.

As much as 31.63% of freelancers complained of having a fall in the number of job contracts.

3. Freelancers Raised as Much as $1.21 Trillion into the Coffers of the United States.

A $1.2 trillion entered the United States economy during the pandemic. It resulted from the work done by over a third of freelancers while at home. It rose 22% from what it stood at the close of 2019 because of the entry of newbies. These were mostly young ones and skilled professionals in need of flexible jobs.

4. Experts had High Hopes That the Gig Economy Would Hit a Gross Volume of $455.2 Billion at the Close of 2023.

The gig economy was expected to reach a peak of $455.2 billion in gross volume at the end of 2023. According to experts, this stems from the fact that many new persons act as free agents.

5. Up to 20% of People Considered Freelancing to Support Themselves in 2021.

As much as 20% of persons in a 2021 survey said they were considering freelancing.

6. As Large as 40% of the United States Workforce Passed Off as Moonlighters at the end of 2020.

Just 40% of the United States workforce was made of gig workers by the close of 2020.

Gig Economy Statistics – Global

7. As High as 97% of Indians and Mexicans Alike Love to Take Freelancing Jobs.

Many people, as large as 97% in Mexico and India, are part of the gig economy.

8. Up to 90 to 94% of People in Countries Like Italy and Spain are Open to Freelancing.

Gig work is the trend for most people in Italy, Spain, the UK, and Australia.

9. As Many as 93 Million Adults in the United States and Europe Participate in Side Hustles.

Many working age groups in the United States and Europe are gig workers.

10. Workers Shot up in the Gig Economy to Reach 4.7 Million at the Close of 2019.

The number of gig workers rose to 4.7 million in Britain alone in 3 years. This was no small feat as it meant I, in every working adult, was towing the path of a free agent.

11. The Size of Freelance Workers in the European Union Rose by 24% Between 2008 to the End of 2015.

There was a 24% rise in independent workers in the EU from 2008 to the end of 2015. This meant a hike in gig workers from 7.7 million to 9.6 million. It also meant, in the same vein, an average yearly growth rate of 3.42% over the past seven years.

12. Less Than 10% of Workers in Developed Countries Use Gig Platforms.

Just between 3% to not over 10% of working adults in advanced counties are on a gig platform. Over 30% of gig workers in developing regions use it as a source of income.

Gig Economy Statistics – Size

13. Over a Third of People Working in the United States Participate in the Gig Economy.

More than a third of people in the United States support themselves as freelancers. It means 36% of the entire workforce, about 57 million Americans.

14. Women Comprise 63% of the Total Freelance Workers in the United States.

Female folks in the United States make up a large chunk of 63% of entire gig workers.

15. The Gross Volume of the Gig Economy was Expected to Rise in 2023 to Hit $455.2 Billion.

The gross volume of the global gig economy was expected to rise as high as $455.2 billion at the close of 2023.

16. Mastercard had High Hopes That the World Gig Economy Would Raise $204 Billion at the End of 2023.

A study by Mastercard in 2019 valued the world gig economy at $204 billion at the close of 2023.

17. Freelance Economy by Intuit was Expected to Rise as High as 43% at the End of 2020.

In a study, Intuit stated that the gig economy will most likely reach 43% by the close of 2020.

Gig Work Sectors Statistics

18. Therapist Earns More Than Any Other Gig Worker at $27.84 Every Hour.

Persons who are freelance therapists in the United States earn as much as $27.84 in just an hour.

19. Up to 40% of Free Agents Started With the Help of Online Platforms.

Many freelancers landed their first paying jobs using a talent hunt online marketplace or an online platform. Some of these platforms include Fiverr, Upwork, and many others.

20. Those Offering Consulting Services Take up as Much as 45% of the Total Number of Freelancers.

A large majority of gig workers worldwide use consulting services. Up to 45% of those in temporary work provide mentorship services.

21. The Construction Industry is One Area Favored by Many Freelancers.

The construction industry today is benefiting a whole lot from the services of freelancers. This industry has fared better in these past years with the input of gig workers.

22. The Demand for Free Agents in the Production and Field Services was Expected to Hit 88% at the End of 2023.

The demand for freelance workers was expected to reach as high as 88% at the close of 2023. These workers were hoped to be in the production and field service sectors during the period.

23. Free Agents Cater to up to 72% of Work Done by Large Organizations and Professional Firms.

Large corporations are in the habit of giving out 72% of sensitive projects to free agents. Professional firms also take part in this operation trend with the same volume.

24. The Transport Sector is One Area Worldwide, Taking up 58% of the Gig Economy.

The transport sector accounts for 58% of the freelance economy, leaving the rest to other areas. Some other areas that strive in this regard are the legal, finance, account, advisory services, and IT sectors.

25. The Gig Economy is Home to Employment for a Large Number of People Worldwide.

This sector stands second in terms of work opportunities for people worldwide.

Gig Work in the Pandemic Statistics

26. Up to 62% of the Entire Gig Economy Globally Lost Deals Due to the Pandemic.

The pandemic caused as many as 62% of gig economy workers to lose clients. It all boiled down to the rise in competition in the online market due to the entry of new people.

27. As Large as 26% of Persons in the Gig Economy had a Fall in Working Hours During the Pandemic.

During the stay-at-home period, up to 26% of the total gig workers said there was a fall in work contracts.

28. The Volume of Work was the Same Throughout the Covid for 27% of Free Agents.

The report differed for 27% of the global freelancers during the pandemic. These persons had the same amount of work before the covid 19 saga.

29. During the Pandemic, Furniture Removal had the Highest Hourly Rate, 54%.

Furniture removal was strived far above all other areas in the gig economy, with an hourly rate of 54%.

30. Just About 2.1 Million Workers Were Birthed into the Gig Economy by the End of 2020.

As many as 2.1 million people joined the gig economy in 2020 alone, a far cry from the number recorded in the past year. For many, the pandemic opened a new world of possibilities, including gig work.

31. The Number of Research and Survey Takers Went Uphill in the Spring of 2020.

The number of people joining research and survey works rose more than ever before the pandemic.

32. Around 50 Million Workers in the Gig Economy were Affected Due to the Pandemic.

Around 50% of the total number of gig workers worldwide lost their source of income. It means around 50 million freelancers lost deals due to the pandemic that occurred in 2020.

Gig Economy Statistics about Labor

33. In the United States, Temporary Workers Rose to 24.57 Million at the End of August 2021.

The United States stated that it had 24.57 million freelancers when August 2021 ended.

34. Florida had the Largest Number of Free Agents in the United States, With a 22% Share.

Texas and California were not left behind as they competed fairly in gig workers with Florida.

35. In States Like Massachusetts, Ohio, and Others, Gig Workers Stand at 16%.

Certain states in the United States, like Ohio, Illinois, Massachusetts, Pennsylvania, and New York, have 16% of gig workers.

36. Up to 57% of Temporary Workers Work Over 40 Hours Weekly.

Over 50% of the gig economy spends over 40 hours doing contract jobs weekly.

37. The Average Freelancer Gets Paid 58% Less Than a Full-time Worker in an Organization.

Gig workers earn an average of 58% less than those employed full-time staff in a company. They do not get benefits like welfare or health packages from the workplace.

38. Blockchain and Those Using AI are the Biggest Earners in the Gig Economy World.

Freelancers in artificial technology and blockchain are the highest earners in this industry today.

39. The United States Public Sector is the Highest Employer of Gig Workers, With as high as 14%.

The United States public sector employs up to 14% of freelancers, the largest.

40. In the United States alone, there are around 170 Companies That Hire Gig Workers.

About 170 companies scattered all around the United States have their doors open to the services of gig workers.

41. AnswerConnect, Toptal, and Two Others are the Biggest Virtual Companies in the United States.

The four biggest companies that have made a name for themselves in the virtual world are InVision, AnswerConnect, Toptal, and Automatic.

Gig Worker’s Belief Statistics

42. A 99% of Those in Remote Jobs will Most Likely Keep Working for a While.

Up to 99% of gig workers said they will continue working remotely until the end of their careers.

43. Just 2% of Freelance Workers do not see it as Something That Can be Done in the Long Haul.

A mere 2% of freelancers consider their job just a fling to sustain them for a short time.

44. Up to 64% of Gig Workers Will Choose to Work Free From the Strain of a Boss.

As large as 64% of the gig economy enjoy working as free agents since it gives relief from a boss.

45. As Many as 70% Choose the Career Path of Remote Work to Get a Better Life.

Securing a better life is the will behind 70% of remote workers today.

46. Security and Health Coverage are the Major Concerns for 86% of Gig Workers Worldwide.

Up to 86% of freelancers see security and medical cover as something companies should consider.

47. Over 50% of Freelancers say They will not Relinquish Their Freedom to Work in a Regular Job Again.

More than 50% of independent workers said they will never return to working a 9 to 5 pm job again.

48. As high as 84% of Gig Workers Love the Life They are Now Living.

Up to 84% of gig workers are satisfied with their lives, while just 54% of regular employees share this opinion.

49. Up to 78% of Remote Workers Said they are More at Peace Than Conventional Workers.

As many as 78% of those in the gig economy feel happier than regular workers.

50. 68% of Freelancers Feel Way Healthier Than Those in Permanent Jobs.

The freedom of time involved in the job gives the needed healthy life that 68% of freelancers take pride in.

Gig Demographics Statistics

51. Women in the United States Comprise 63% of the Contract Labor Force.

Women make up as large as 63% of the contract labour force in the United States.

52. Up to Two-thirds of Remote Workers’ Customer Service Officers Speak Various Languages.

Two-thirds of customer service representatives can speak more than one language.

53. Up to 72% of Contract Customer Service Workers Have a College Degree.

As large as 72% of remote customer service representatives worldwide are college graduates.

54. 50% of Gig Workers are Generation Z, Leaving Millennials With Only 44%.

Generation Z is the largest group in the gig economy, with 50%, trailed by millennials, with 44%.

55. Not Up to a Quarter of Baby Boomers Work in the Gig Economy.

Baby boomers are the least interested in participating in the gig economy, with less than a quarter working as freelancers.

56. Postgraduates Make up as high as 41% of Freelancers Worldwide.

Postgraduates are very much caught in the web of the gig economy, with 41% participation.

57. Millennials Comprise a Third of the Total Number of Freelancers Across all Countries.

The young generation is helping in no small way to grow the gig economy worldwide.

58. Whites Comprise 76% of the Gig Economy in the United States.

Whites play a large part in the growth seen today in the gig economy, with a 76% contribution.

59. Just 17.1% of Remote Workers in the United States are of the Black American Race.

Black Americans comprise a small fraction of 17.1% of the total remote workers in the United States.

60. Those Hispanic and of Asian Descent Make up 22.2% of the United States.

In the United States, Asians make up 5.8% of gig workers, leaving 16.4% to the Hispanic people.

61. Up to 53% of Permanent Staff Participate in the Day’s Politics, While Just 34% of Contract Workers do the Same.

A smaller percentage of contract workers participate in their country’s political running. Just 34% of freelancers are involved in the political arena, while as high as 53% of permanent staff do the same.

Gig Job Satisfaction Statistics

62. About 60% of Gig Workers say Their Work is Flexible for Them.

Up to 60% of gig workers believe the job allows them to work at their own pace.

63. One Major Reason Many People go Into Freelancing is to Have a Better Life.

Many people in the gig economy go into it to get a better life for themselves and family.

64. 1 Out of Every Six People in a Regular Job Would Like to Go Into a Personal Business Soon.

One in every six traditional workers has the dream of one day being the owner of a business.

65. Over 50% of Freelancers Also Work as Employees in a Regular 9 am to 5 pm Job.

Over half of gig economy workers are gainfully reemployed on a regular paying job.

66. Only 19% of Contract Workers Said That Doing Gigs Takes Care of Their Daily Needs.

Just 19% of the gig economy own up to having their daily needs cared for by simply doing gigs.

67. Just 50% of University Graduates Say That Training Repeatedly is Vital to Any Career.

Up to 54% of college graduates say that the high cost of training fees is why they have not improved their skills. However, the high cost of training is not a reason for 50% of gig workers to stop getting more knowledge.

68. About 79% of Freelancers Feel Very Happy With Their Job.

Up to 79% of free agents say they are very happy with their work.

69. As Great as 45% of People Who Depend Only on Doing Gigs Have Anxiety Issues.

Anxiety about when the next contract job will come is a constant issue for 45% of gig workers.

70. Up to 56% of Those on Contract Jobs say they are More Stable Money-wise.

56% of gig workers feel more stable financially than if they were to be placed on a monthly paying job.

Gig Financial Statistics

71. A Delivery Driver on an App in New York Gets up to $7.87 Every Hour.

You get paid $7.87 for an hour’s drive as a delivery driver on an app anywhere in New York.

72. About Half of the Earnings Made by Courier Service Workers in New York is Through Tips.

Courier service workers in New York make about 50% of their income from tips.

73. Up to 27% of Those in the Gig Economy have no Savings for Retirement.

27% of people who freelance on the full scale do not have any retirement savings.

74. Just 12% of Remote Workers with a Regular Paying Job can be Said to have Money Set Aside for Their Retirement Days.

As low as 12% of workers doing gigs and a regular job are wise enough to set money for ageing days.

Gig Economy and Technology Statistics

75. Up to Two-thirds of Human Resource Managers Plan to Increase the Number of Remote Tech Hires.

Two-thirds of HR managers feel the need to increase the number of remote tech experts hired. This means there will be a fall in the number of permanent staff in the years to come.

76. Over 70% of Gig Workers Find Jobs Using Online Marketplaces.

Over 70% of remote workers across the globe land gigs using online market sites.

77. Some of the Greatest Freelance Websites Used Worldwide are Upwork and Fiverr.

First on the list of online work sites is Upwork, with 15 million users, trailed by Fiverr and then Toptal.

78. About 77% of Gig Workers Feel Technology has Made Getting Jobs Easier.

About 77% of remote workers say that the entry of new inventions has made getting a job far easier.

79. Up to 53% of Millennials in the United States Use Smartphones to Search for Jobs.

Searching for a job has been easier in the United States and worldwide. A smartphone is used by 53% of young people who need a job in the United States.

80. Facebook has Become a Tool for Skill Promotion to 34% of Contract Workers Today.

As much as 34% of remote workers now use Facebook to showcase their skills to the world.

81. Over 30% of Fortune 500 Businesses Use Upwork to Hire Freelance Experts.

Over 30% of Fortune 500 companies favour Upwork as a platform for sourcing freelance expertise. This statistic underscores its significance as a go-to resource for businesses seeking specialized skills on a project basis.

Latest Gig Economy Trends

82. As much as 36% of United States Workers Got to do Gigs Through Their Daily Paying Jobs.

A daily paying job is how 36% of workers in the United States get gigs works.

83. Gigs Work Varies from Graphic Designs to Creative Writing and More on Contract Basics.

Many gigs are online, from Uber driving to food deliveries, graphic design, and more.

84. Up to 44% of Freelancers Take Their Gig Jobs as the Main Source of Money.

The money from gig work is the main source of income for as many as 44% of free agents.

85. As high as 80% of Freelancers are Used to Working From the Comfort of Their Homes.

Working from home comes naturally for 80% of gig workers, while 9% enjoy working from the office. Another 7% love sharing a working space outside the office, and 3% enjoy working at a coffee shop. The last on this list are 0.5% that enjoy working in the quietness of a library.

The Future of Gig

86. The Gig Economy Will Most Likely Hit 86.5 Million Workers by the Close of 2027.

The gig economy is projected to swell to approximately 86.5 million workers by the end of 2027, indicating a significant shift towards flexible employment arrangements.

87. Hopes are High that in 10 Years, up to 40% of Americans will Become Freelancers.

Optimism prevails regarding the prospect that within a decade, as many as 40% of Americans will transition to freelance work, reflecting evolving attitudes toward traditional employment models.

88. Customer Service Remote Workers will Likely Stand Between 20 and 50% at the End of 2025.

Anticipated growth suggests that remote customer service personnel could comprise between 20% and 50% of the workforce by 2025, reflecting the increasing prevalence of remote work arrangements.

89. In the Coming Years, 80% of Big Companies will Hire More Flexible Workers.

Future trends indicate that a substantial 80% of large corporations will increase their recruitment of flexible workers, signalling a strategic pivot towards agile workforce management strategies.

Conclusion 

The flexibility of work keeps people in their millions in the gig economy. More people have joined this work model over the past couple of years. Many realized the gold mine online when the COVID-19 pandemic ravaged the world.

Online gigs brought cool cash into the pockets of some and even became mainstream income for many. The numbers keep growing yearly as more young ones tap into this gold mine. So, the numbers will most likely keep adding up. Gig work has come to stay and will only improve in the coming years.

FAQs

References

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Telstra has done well as a telecommunications company with booming revenue. This giant has strived to rise in the last couple of years against the tide in the private sector. It has been competing favorably with other telecommunication networks in providing related services, ranging from mobile retail services to retail bundles and data services.

Telstra’s broadband Internet product has created a great spot in the industry. This does not in any way downplay the part NBN, 5G, Mobile Phone Service, and TV have on its growth. The industry in Australia cannot be spoken about today without Telstra. Knowing its scope of services and growth over these years will give you a better picture of Telstra. Let’s dive into the must-know Telstra statistics for 2024!

Key Telstra Statistics

1. As an Australian telecommunication giant, it not only builds but has great control over the sector.
2. Telstra has risen in recent years to be the leading wireless provider in the country.
3. The founding of Telstra dates far back as the kickoff of the Australian telecommunication postal and network service.
4. Telstra came into full glare to public use in July 1975.
5. It has around 150 subsidiaries with 35% Foxtel ownership, 30% in Sensus, and 51% in Amplitel stakes.
6. Optus, a major competitor of Telstra since the 90s, is the second-largest mobile network.
7. Optus owns the Singapore telecommunication company called Singtel.
8. Telstra network in Australia now covers as large as 1 million square kilometers.
9. It installs an average of 12,000 telecom services every day of the week.
10. The company decided to take on the name Telstra right before the close of 1993.
11. Telstra was placed in 596 on the Forbes Global 2000 ranking in 2022.

General Telstra Statistics

1. As an Australian Telecommunication Giant, it Not Only Builds But Also has Great Control Over the Sector.

Telstra competes fairly well in the Australian telecommunications market. It is built so that anyone can use it without strain. This is because customers’ needs are focused while dishing out digital content and connection. 

2. Telstra has Risen in Recent Years as the Leading Wireless Provider in the Country.

Providing as large as about 22.5 million mobile retail services, data services, and 3.4 million retail bundles has set it on top. The radar on telecommunications all points out that Telstra is the leader in Australia today. 

3. The Founding of Telstra Dates Far Back to the Kickoff of Australian Telecommunication Postal and Network Services.

The company comes from the Australian Postmaster Department’s long history, founded in 1901. It was later turned over to the States before being sold out in 2011. This journey, for many, is the reason for the success story we have now in Telstra.

4. Telstra Came Into Full Glare to Public Use in July 1975.

The industry was originally in the hands of the postmaster department in 1901 before the switch. A separate commission was raised in July 1975 to replace the PMG. These events brought the Australian Telecommunication Commission into the domestic market. 

5. It Has Around 150 Subsidiaries and Owns 35% of Foxtel’s Ownership, 30% of Sensus, and 51% of Amplitel.

Amplitel of Telstra takes the place in Australia as the highest mobile tower facility provider with a 51% stake.

6. Optus is the Second-largest Mobile Network in Australia and Has Been One of Telstra’s Major Competitors Since the 90s.

Optus is a die-hard Telstra rival. It covers 98.5% of Australia, a close call to Telstra, which covers 99.5% of Australia’s landscape.

Telstra Market Share

7. Telstra’s Market Share Leapt in 2020, Earning the Firm Revenue of A$26.2 Billion at the Year’s Close.

2020 was quite an eventful year for Telstra, so much so that its market share rose to $26.2 billion at the end of the year. This was a huge blow of defeat to its rival, Optus, which recorded just $9 billion in that same year.

8. In 2021, Telstra Raked as Large as 44% of Australia’s Market Share.

Its vast control was seen in no small way by its 44% market share in mobile retail. This company has repeatedly shown that it rules the Australian mobile market.

9. The Largest Share of the Market has Been Going to Telstra Since the Break of 2010.

Being in control over the Australian mobile market has been the lot of Telstra since 2010.

10. Revenue of Telstra in 2023 Stood Tall With as High as $14.80 Billion.

This is quite a great feat as it made a little less the past year, with $14.39 billion.

11. It Maintained a 45% Market Share From 2014 to the Close of 2016.

Earnings were great for the Telstra group, which had a large 45% Australian market share.

12. Expectations Were Quite High in 2021 But Unable to be Met as Telstra Fell to 44%.

Its high hopes for 2021 were dampened when it closed with a 44% market share.

13. The Revenue of Telstra Hit $15.77 Billion at the End of 2021.

2021 is one year that will be in the minds of the Telstra group for a long time to come. Making a revenue of $15.77 billion did set Telstra at 0.84% more than it did in 2020. The company ended 2020 on a sad note as its revenue went downhill, with 8.29% on a scale of $15.64 in revenue.

Telstra Usage Statistics 

14. Up to 18.8 Million People Use Services Provided by Telstra as of 2020.

Telstra can be said to be the biggest fan for most mobile users in Australia. Little wonder it could gather as many as 18.8 million subscribers in 2020.

15. More Than 9 Million Lines Were Fixed and Run by the Telstra Group in 2008.

Services totaling over 9 million were made available to the people of Australia in 2008 alone.

16. Telstra Users Can Now Have up to 30 Minutes of International Calls From Their Homes in Australia.

The new Telstra upfront plan allows subscribers 30 minutes of international calls. This means that anyone in Australia can connect with others around the globe. However, this does not erase the boundless regular international SMS and MMS plans.

17. International Calls on Telstra Cut Across up to 230 World’s Boundaries.

The company’s journey has been exciting; users can connect with people in 230 countries. This is a big break for the Australian telecommunication industry, as barriers are a thing of the past.

18. It Fared Well as a Web Host Service Provider, With Live Websites Amounting to 17,089 at the Close of 2022.

Having live websites totaling 17,089 in just a year was a great deal for Telstra. That same year, 32,298 websites came through, with 83 of them in the United Kingdom.

19. Telstra Takes 6th Place on Australia’s List of the Best 1 Million Users Website.

Getting the 6th spot shows that the company has a spot in the hearts of most mobile users.

20. It Ranks as the 15th Most-used Hosting Website in the United States.

The presence of Telstra is like a breath of fresh air not only in Australia but also in other places. Being at the 15th spot shows how much all appreciate its hosting service.

Telstra Salary Statistics

21. Just About 32,000 People Were Placed Under Telstra Payroll in 2018.

The numbers were on the high side, with 32,000 when the curtain of 2018 closed. This could not be continued, as staff slashed to around 27,000 at the close of 2021. 

22. Communication Consultants Get a Salary of About $110,000 a Year.

You earn a whopping sum of $110,000 yearly working as a communication expert in Telstra.

23. The One Holding the Head of Operations Post Receives as Much as $200,000 Annually.

Being a sensitive position places the head of operations on a payroll of about $200,000 yearly.

24. Warehouse Associates are Placed on an Hourly Paycheck Totaling $11.75 in Telstra.

A warehouse assistant has the right to receive up to $11.75 as a paycheck every single hour.

25. Office Clerks Will Earn as Much as $12.96 in Just an Hour at Telstra.

Every office clerk on Telstra payroll receives an hourly check of $12.96 daily.

26. Telstra Customer Service Officers Get Paid as Much as $17.08 for an Hour’s Work.

Customer service officers receive better pay than others; they earn $17.08 per hour.

27. Telstra Covers Many Areas, Such as Mobile Networks, Data, and Internet Services.

Certain services, such as Pay TV, mobile networks, and many more, reach users through Telstra. In recent years, the company has expanded its scope of operation to include mobile pay TV.

28. It Opened More Than 350 Direct Sales Stores in Australia for Mobile Phones and Accessories in May 2016.

The company opened over 350 direct sales stores all over Australia in just May 2016.

Telstra Revenue Statistics

29. Telstra Makes the List of Australia’s Best Companies With a Bright Future.

The group has gathered faithful users over the years to make the list of the best ten companies in Australia. 

30. It Has Been Able to Make the Fortune 500 List of Global Companies.

A high user base helps a company qualify for the Fortune 500 list.

31. Telstra’s Profit has Kept Falling After a Height of $26.01 Billion at the Close of 2017.

After the close of 2017 with an all-high revenue of $26.01, there has been a fall in its profit.

32. The Year 2021 Was Not Quite Different, as Revenue Stood at About $21.56 Billion in Telstra.

There has been a fall in the company revenue for two years in a row. This turn of events can be dated as far back as 2017.

33. Telstra Raked $23.2 Billion in Total Income at the Close of 2023.

Profit motivates people to do business, and it is no different for Telstra, which made $2.1 billion in profit in 2023 alone. Revenue during this period stands at $23.2 billion, a fall from the past year.

Telstra Stock Statistics

34. Telstra First Appeared on the Australian Stock Exchange Market in 1997, Listed at $3.30.

The company first gained entry into the Australian stock market in November 1997, and it sold its 4.29 billion shares to retail stockholders at $3.30.

35. This Company has as many as a Million Shareholders in Australia.

Achieving a feat of a million shareholders has made Telstra the most traded company in the stock market.  

36. Some of Telstra’s Major Stocks have Spread to Other Countries, Such as Japan.

Over the years, the company has spread its tentacles of stocks to certain countries. Some of these nations are Singapore, Indonesia, the United States, China, New Zealand, Europe, and Hong Kong.

37. Just One Share of Telstra Costs as Much as $3.90 as of July 2022.

The cost price for a share of this company stood at 3.90 by the end of July 2022. Telstra stock was priced between $12.63 and $15.79 from 2021 to the close of 2022.

More On Telstra

38. The state once owned the company before it made a sales bid in 1997.

39. The company completed the whole process of selling out by the end of 2011.

40. It made the news in 2014 when they called it the most valued company in Australia.

42. They placed the company’s mobile services on a scale of 73.9% at the close of 2018.

43. The government made profits of $14 billion in Telstra’s 1997 sales session. 

44. Telstra has a great customer service rating with 74% on internet service in just 2018

45. Website visits skyrocketed to approximately 19.8 million at the end of May 2022.

Conclusion 

Telstra has come a long way in growth in all technology areas, especially in mobile internet services. Over the years, it has wielded so much power in Australia’s telecommunication industry. Nothing much can be said about the telecom sector without mentioning Telstra. Many of the changes we see today in telecommunication are largely due to Telstra’s efforts. While these past years have been quite challenging, with revenue falling and profits, it will not still downplay Telstra’s impact over the years. Telstra has favored spreading its wings to cover other countries, and more of this is expected in the coming years.

FAQs

References

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Our payroll statistics discuss recent payroll trends, payroll implementation challenges, and tech innovations in the US.

We explore the most recent developments on the US job market, the changing legal landscape of employee tax regulations, and several unexpected findings about payroll mistakes.

Keep reading to learn how the latest payroll statistics could apply to you as an employee or business owner.

Key Payroll Statistics and Facts to Know In 2024

A Look At Employment And Salary Statistics in The US

Before delving deeper into payroll statistics in the US, let’s look at the current job market trends for a broader context. The numbers of new job openings and hires, in particular, could tell us more about payroll additions across business sectors and US regions.

Recent Trends in Job Openings and Hires

According to a recent Statista survey conducted throughout April 2022–2024, monthly job openings have been going down in the US. There was a peak of 11.76 million openings in Q2 2022, with the numbers fluctuating widely from June to December.

It’s also worth noting the data was also seasonally adjusted. Since 2022, the numbers have been on a linear downward trend, reaching the lowest value in Q2 2024, with 8.06 million openings recorded.

A 2024 BLS report shows nonfarm payroll employment figures mirror these peaks in job openings. However, the data in this report is based on monthly surveys of just 140,000 businesses.

Survey findings show an average monthly addition of 247.8k payroll employees across approximately 440,000 US worksites throughout Q1–Q2 2024.

The same 2024 BLS data shows the unemployment rate and the number of unemployed people didn’t change much since 2023. Last year, the unemployment rate was 3.7%; as of May 2024, the unemployment rate reached 4%.

The number of unemployed people went from 6.1 to 6.6 million over the same period – an 8.3% increase. The BLS survey also identified 4.4 million part-time employees.

Most of the 2024 job openings documented to date were in Southern US, which had over double the numbers of other regions. In fact, Florida and Texas had the highest net change in nonfarm employment rates recently.

This April, Florida and Texas gained approximately 45,300  and 42,600 new employees, respectively. At the opposite end, the number of nonfarm employees in New Jersey went down by nearly 11,000.

The majority of the new job hires in April 2024 came from four primary industries, though there’s no further stratification by region or state. These figures include both new hires and rehired employees.

The trade, transportation, and utilities sector had the most new payroll additions, with 1.124 million new hires. Professional and business services also had over 1 million new monthly job hires.

The leisure and hospitality sector hired 964k employees, but the seasonal nature of some hospitality jobs could mean many of them were rehired. Finally, the education and health services sector were the fourth largest creator of jobs, with over 900k monthly hires.

Subsequent data based on CES figures paints a slightly different picture, with private education and health services, government, and leisure and hospitality hiring the most employees in May. However, their classification of industries by sector was different, and the data was seasonally adjusted.

Average Salary and Payroll Revenue Trends

While the monthly job openings have been down, the average US monthly earnings (per hour) have increased slightly, from $32.06 in May 2022, to a peak of $34.91 in May 2024. This is for all full-time and part-time employees (aged 16+) on private, nonfarm payrolls.

As of May 2024, the utilities industry seems to have the highest average pay of $51.08/hour – 46% higher than the average pay for the private sector overall.

Utilities were followed by information ($49.41/hour), financial activities ($45.47/hour) and professional and business services ($42.01/hour).

Workers in the private education and health services earned $34.09/hour on average, slightly less than the overall private sector average. Retail trade and leisure and hospitality had the lowest average wages, at under $25/hour.

Revenue collected from payroll taxes has also been increasing linearly, going from $652.9 billion in 2000, to $1.61 trillion in 2023. Based on this trend, payroll tax revenues are projected to reach $1.66 trillion by the end of 2024.

Payroll Impacts on Small Business

The average wage has been slowly increasing, but small businesses are struggling to keep up.

In 2024, the SSA plans a 5.2% increase in the wage base, and an additional 5% increase in the wage cap for taxable income – two decisions which will influence small business payroll planning and decision-making.

Employee salaries greatly impact business budgets and, as per the most recent figures published by the NAWBO, 74% of small business owners said their costs have increased over the past year.

Additionally, 27.6% small businesses fail by their second year, with 37% citing financing issues as a threat to their operations.

We can already see the consequences. According to Reuters, private employers reached a four-month low in May 2024, with many small businesses reducing their staff.

While large and mid-sized companies hired the same number or slightly more employees than in April, small firms cut a collective average of 10,000 jobs across different sectors.

Small businesses make up the majority of US enterprises and hire over 45% of private sector employees, so these downward trends have a profound impact on overall payroll statistics.

In fact, small businesses pay over a third of the private sector payroll, although the average small firm has 1–19 employees (not counting the majority of small businesses without any employees).

Payroll Statistics Regarding US Employees

According to B2B Reviews, over 95% of US employees receive their pay via direct deposit, and the most common payroll timeframe is once every two weeks. Over 40% of US businesses pay their employees biweekly, and only 10% provide monthly payrolls.

Interestingly, according to a CES survey covered by B2B Reviews, small businesses are more likely to pay their employees weekly. Slightly over a third of businesses with 10–19 employees have a weekly payroll, compared to 26.3% of businesses with 1,000+ workers.

The second most common payroll method was the paper paycheck, used by only 2.85% of businesses. Payroll cards, online payment platforms, and other methods accounted for less than 1% each.

The efficiency and simplicity of direct deposit payments likely contribute to its widespread use. As of a 2022 survey by the American Payroll Association, over 90% of the 27,000+ respondents said they always receive their paycheck on time.

According to the same survey, nearly 60% of people claimed to be very certain their payroll calculations are correct each payday.

A Majority of US Workers Enjoy Employee Benefits

Benefits can also impact business payroll, but they are crucial for employee retention rates. It seems the majority of employers aim to balance business spending with employee satisfaction, as most businesses provide some form of employee benefits.

Slightly over 4 in 5 US employees have paid time off, according to USA Today. This makes PTO the most common employee benefit, followed by sponsored health insurance, provided by nearly 80% of employers.

However, only 25% of part-time private-industry workers have health insurance provided by their employers, compared to 87% of full-time employees.

Unionized workers in private industries also receive better benefits on average; 96% had healthcare coverage, with a 79% premium for family plans (compared to 69% coverage with 65% premiums for non-union workers).

Still, USA Today also reported that over a third (39%) of employers offered medical plans with no deductibles or low deductibles.

On the flip side, 77% of employers provide 401(k) or other retirement programs as an employee benefit. However, these US payroll benefits might change soon, following new laws and regulations.

The SECURE 2.0 Act of 2022 will be effective after December 31st, 2024, and some of its provisions mention that:

Payroll Mistakes Statistics

Older figures from a SurePayroll compliance survey showed that 32% of business owners admitted to having made at least one payroll mistake in 2020.

Underpaying employees was the most commonly cited error. The majority of surveyed owners also claimed it took them over 24 hours to fix a payroll mistake.

In addition, 42% of the small business owners in the survey claimed to use DIY payroll solutions and 45% claimed to be familiar with regulations that don’t actually exist.

Shockingly, according to B2B Reviews, misclassifying employees was also quite common. Up to 30% of employers classify their workers as independent contractors, according to figures provided by the Economic Policy Institute.

We don’t know if this is done to cut spending on taxes, or if it is accidental. Regardless, this type of mistake could lead to serious legal issues. Payroll service providers and software could play a big role in mitigating such risks.

This is all the more important for cutting unnecessary business spending. As the SurePayroll survey highlights, 31% of the respondents that were fined for compliance failure said they had to fire an employee to make up for the fine costs.

At a national level, businesses pay billions of dollars in fines annually. According to 2023 figures from the IRS, companies have amassed over 4 million cases of civil penalties for employment taxes, which amounted to over $8.5 billion.

Failure to pay was the most commonly-assessed penalty, and the collective fine was over $1.5 billion. Fines for employment tax delinquency also made up over $1.7 billion.

Payroll Services and Technology Adoption in The US

According to B2B Reviews, the U.S. has approximately 5,700 payroll service providers.

Throughout 2017–2022, payroll and bookkeeping services have been increasing steadily, recording an average growth of 1.7% per year. This suggests companies are slowly starting to outsource their payroll work, driving the demand for such services.

In fact, payroll providers are expected to grow 5.8% globally until 2027, with North America fueling much of this growth.

The HR payroll software market is also estimated to grow at a CAGR of 9.2% until 2030, while cloud-based payroll solutions are expected to reach a market value of $15.73 billion by 2033.

Statista estimates from 2022 show that payroll solutions like Gusto, Paychex, Paycom, and Paylocity made up over a quarter of the shares on the global administrative software market.

The adoption of digital payroll solutions is also increasing among small and medium-sized businesses looking to increase efficiency and reduce administrative costs. Considering recent and upcoming developments in the payroll solutions segment, we can expect this positive trend to continue.

It’s likely that more medium and even small businesses will switch to digital payroll solutions, thanks to the many benefits of payroll management systems, like:

Payroll Challenges and Risks Are Far From Over

These recent payroll statistics highlight significant trends and challenges shaping the US job market. Since 2023, the employment rate has stayed constant, although the number of new job openings in 2024 is down from the 2022 peak.

In addition to this, these 2024 payroll statistics and facts revealed changes in the average US wages and new employee tax regulations. These further add to the challenges faced by small businesses, which already cover over a third of the US payroll taxes.

Besides financing issues, small businesses face unique hurdles in compliance and cost management, with many business owners admitting to making potentially costly payroll mistakes. However, the growing popularity of payroll solutions could make tax compliance and payroll accuracy easy and accessible for more business owners.

FAQs

References

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Despite the numerous technological advancements, employees regretfully sustain injuries. Machine-related injuries in companies have the potential to be fatal. Some of the most frequent injuries reported by employees include overexertion, falls, and burns, and, of course, no one ever sees them coming. Since they occasionally occur, safety measures are the only way to avoid such regrettable occurrences. The International Labour Organization estimates that around 340 million occupational accidents and 160 million illnesses are caused by work every year.

Although the rate at which these harms occur has decreased, no one can predict future occurrences, and not all businesses measure employee safety. Therefore, these workplace accident statistics are here to show us just how bad the numbers are so we can learn how to prevent such occurrences. Let’s dig in.

Workplace Injury Statistics (Editor’s Pick)

1. Fishing, farming, forestry, and hunting industries make up most of the workplace deaths we see today.
2. The ratio of workplace fatalities per 100,000 workers in the United States of America as of April 2023 is 1.3, showing an increase compared to previous years.
3. Since men take up most of the riskier and more physically demanding jobs, they are 17.3% more likely to sustain injuries at work than women.
4. The average length of time that employees aged 55 to 64 fell sick at work was 14 days. 
5. Georgia, Delaware, and Arkansas rank first among the states in the US with the fewest workplace risks.
6. Data from workplace injury statistics shows that men are more likely to sustain injuries in the private sector than women.

Statistics on Workplace Injuries According to Industry

1. Transportation issues were the cause of 40% of occupational accidents in 2019. 

2. Illnesses in the workplace were the cause of the high levels of deaths among workers.

3. The highest reports of workplace injuries came from fishing firms, agricultural organizations, forestry, and hunting firms.

4. The youth and the elder group were more susceptible to workplace harm. 

5. According to the report on BLS’s data in 2019, half of the workers’ non-attendance records were male.

6. Workers who are between 55 and 64 years old fall victim to illnesses at the workplace. 

7. The standard figure for injury and sick leave for workers between 16 and 24 years was five (5) days.

8. Women are vulnerable to harms like road accidents and hurtful exposures

9. More men die at work due to contact with equipment, falls, and items in workplaces.

10. The toughest country with greater workplace harm is the USA in 2023.

11. New York City, California, and Texas are the parts of the United States of America where workers’ lives were at risk.

12. 17.3% of men are most vulnerable to work-related injuries in contrast to women.

OSHA Statistics 2024

13. In the 2020 accounting year, the OSHA’s amount was $5.

14. In 2020, 18% of shocking injuries (1,176,340) needed the employee to go on leave. They were shocked due to falls, trips, and slips.

15. In 2020, 196,140 injuries from contact with objects and machinery were severe enough to warrant time off work.

16. In 2020, 11,038 Americans lost their lives in work-related car accidents, accounting for 22% of all fatalities.

17. In the emergency wards, employees younger than 25 were the top patients undergoing treatment for job-related damages.

18. 1.8 million Folks received treatment inside the emergency wards for job-related wounds in 2020.

19. The approximate figure of victims of job-connected injuries undergoing treatment in emergency wards was 127 in 2020, out of every 10,000 male employees on full-time.

Workplace Injury Cost Statistics

20. The overall cost of workplace harm in the USA was $163 billion. 

21. Employers squander $120,000 per workplace issue.

22. Workplace issues and accidents cost the USA nearly $250 billion annually. 

23. The number of deaths due to harm in workplaces in the United States has decreased by 60%.

24. Fishers’ 2019 death record was higher than other industrial data. 

25. There has been a substantial decrease in harm reports for 50 years.

26. In April 2023, America’s (USA) death ratio was nearly 1.3 per 100,000 workforces.

27. This ratio shows a rise from past years.

28. The state records show that 20% of workplace accidents occur in non-governmental firms. 

29. Nearly 650,000 records of death in the States are due to the use of unsafe materials.

30. Delivery and truck drivers, carriage movers, staff in trailing tractor units, and auxiliary nurses are likely to fall into dangerous situations in their units.

31. The trade with the largest job-related-casualties is agriculture, forestry, hunting, and fishing.

32. In 2023, the global count of individuals affected by workplace fatalities is 160 million.

33. The total figure of incidents at work is over 3.

Workplace Injury Statistics by Demographics

34. Youngsters and adults are the groups listed as highly susceptible.

35. Regrettably, the mean time of complaint between workforces at their job places was 14 days. 

36. The ages of these workers range from 55 to 64. 

37. Five days were normal for workers to keep off from work due to injuries. The age range for such a period is between 16 and 24. 

38. Women often fall victim to abuse and other sorts of harm from men at their workplaces. 

39. The records of death from machines or falling objects were higher in the masculine wards.

40. These places (New York, California, and Texas) are the regions of high risk for workers in 2023.

41. Elder and younger folks are highly susceptible to workplace injuries.

42. The workers’ absenteeism data showed that men were the most susceptible to harm or wounds and were treated for 14 days before resuming work.

43. In 2020, the Occupational Safety and Health Administration deployed 1,850 inspectors with $5.82 billion and fixed them on 8 million sites.

Stats of the Most Costly Workplace Injuries

44. The federal costs were 33,393, and the State’s budget was 42,063 in 2019.

45. The cost plan for diseases through an employee’s occupation and decline/deterioration was $16,696 per injury.

46. For concussion, the capital outlays were $33,151 per damage.

47. The standard outlay for scratches, piercings, and breaks is $33,348 per injury.

48. The cost for carpal tunnel condition was $33,477 per harm.

49. The capital outlay for a twist or nervous tension was $33,589 per case.

50. The normal fare for contamination or irritation issues was $37,498 per condition.

51. the employee will receive $48,671 per situation for cases like destruction by fire.

52. Other forms of disturbances could attract $60,228 per condition.

53. For break or disorder, the capital outlay is $60,934.

54. In cases of elimination of any body part, the cost is $118,837.

What Employers Pay for Injuries at the Place of Work

55. An average employer pays the injured $120,000, part of the $163.9 billion non-direct costs for harm in the USA in 2020.

56. The highest level of job accidents in the USA was $52.93 billion in 2020.

57. The yearly cost of poor health and damage in the workplace within the USA is $250 billion.

58. In the US, falls are ($10.26 billion).

59. Overexertion involving external sources ($12.63 billion).

60. Being struck by an object or equipment ($12.63 billion).

61. The USA has recorded a 75% decrease in the place harm ratio since 1972.

62. The number of workplace victims has lessened by at least 60% in the United States of America.

63. The usual number of workplace deaths reduced from 38 in 1970 to 15 in 2019 per day, upsetting all firms.

Health & Safety Executive-HSE Injury Facts

64. Two million++ employees in Great Britain had health cases at their duty posts. 

65. November 2023 HSE stats on illnesses at workplaces were 1.8 million.

66. ½ of sicknesses were out of worries, fear, and uneasiness. 

67. After COVID-19, workplace illness reports went uphill, rising above the 2018/2019 figures. 

68. More than 875,000 folks were reporting conditions of anxiety, stress, and depression in 2022 and 2023. 

69. Many workers who had mental health issues at workplaces got 35.2 million work days off in 2022 and 2023. 

70. HSE CEO Sarah Albon thinks employers will benefit from quickly handling stress issues at job sites. When workers are fit, there will be a high yield and a shorter period away from work.  

71. Employees will have great job time and experience total well-being. 

72. HSE illustrates the impact of workplace injuries on the British economy.  

73. Between 2021 and 2022, yearly expenditure for job-connected workplace issues was £20.7 billion+.

Ways of Eliminating Job Place Harm

74. Employers should continuously check what constitutes a risk in workplaces.

75. Every company should train their staff on the basic safety rules. 

76. Firms should ensure they provide workers with the right safety tools for a safe workplace.

77. There should be smooth communication in the workplace so that reporting a case will be fast. 

78. Every company must examine the workers to know if they fit the work.

79. Cities safe to work in:

• Denmark
• Hungary
• Netherlands

80. Common categories for workplace injuries (collision and crashes at work):

• Being victim to falling objects.
• Collisions with vehicles.
• Bumping into vehicles.
• Being cut by sharp tools.
• Hurts from malfunctioning equipment.
• Muscle strains and overexertion.

81. Causes of workplace accidents:

• Non-safety precautions at work.
• Supplementary efforts or physiological reaction ($4.01 billion, or 6.91% once a year).
• Strike by equipment or an item ($1.87 billion, or 3.22% of Gross domestic product).
• Internally occurring occurrences ($1.39 billion, or 2.39% annually).
• There are cases of an object or machine compressing an employer ($2.19 billion, or 3.77% every twelve months).
• Tripping and falling, or tripping without falling ($2.52 billion, or 4.34% per annum).
• Falls that are not fatal to the worker ($5.07 billion, or 8.73%).
• External occurrences on the road were power-driven land, passengers, vehicles, drivers, and persons on foot ($3.59 billion, or 6.18% yearly).

82. Top professions with the highest number of fatalities at work:

• The construction profession
• Material movement sector
• Transportation 
• Building sectors
• Grounds cleaning and maintenance 
• Management installation

83. Top 8 safest careers:

• Computer Industries
• Mathematics
• Law sector
• Teaching
• Library services
• Tech
• Humanity
• Finance sectors

Conclusion

The recent figure on workplace harm is 60% lower than in previous years. Note that workplace damages can’t become extinct completely, but carefulness, vigilance, and checks may lessen the occurrences. Additionally, establishing safety measures, rules, and regulations for employers and workers could lead to a safe workplace.

FAQs

References

The post 80+ Alarming Workplace Accident Statistics 2024 appeared first on The Tech Report.

Networking remains pivotal, with 80% of professionals considering business relationships key to their careers. Yet only 38% report comfort mingling at media events. Fortunately, digitization and remote workflows expand networking avenues as 95% leverage LinkedIn for connections. In-person still reigns supreme — about 90% of executives rank conferences among their top lead sources, and 65% of closed deals stem from in-person meetings.

Mastering networking in an increasingly hybrid environment means keeping pace with vital shifts. For example, referrals drive 32% of company revenue, yet only 29% of employees are properly equipped. Meanwhile, 12% of networks use metaverse spaces as emerging technologies intertwine business relationships. Ultimately, the value persists, but modern nuances alter traditional approaches.

So, no business thrives without proper networking. Therefore, understanding the various networking trends is essential for professionals and individuals to survive and thrive in business. This article provides useful insights into Business Networking Statistics. Let’s get to the interesting facts and figures.

General Business Networking Statistics

1. Online Networking Saves Time, which is a Notable Benefit.

 Networking online through Skype, Zoom, and Google Meets is time-saving. Also, with the rapid growth of social media, online networking is easy and faster.

2. 70% of Scientists in 2021 Stated That Digital Conferences Lacked Proper Networking Opportunities.

While online networking could be productive, some scientists stated in 2021 that it cannot be compared to physical meetings.

3. Face-to-face Meetings Provide Much Better Opportunities for Building Lasting Business Relationships.

95% of people in a survey share this sentiment. They believe that meeting in person yields better results than online meetings.

4. Small Meetings Are Better Than Meetings With Over 10 People.

There is always a tendency to get lost in the crowd. So, meetings in smaller groups leave impressions that last longer.

5. The Chances of Men Getting a Job Through Networking is 26%, While Women Have a 25% Chance.

Men have slightly better chances of getting a job opportunity through networking events. However, women are not far behind, with a 1% lesser chance of gaining employment from such events.

6. 72% of People Participating in Physical Meetings Consider Body Language Critical For First Impressions.

Body language is the unspoken side of our interactions, which is critical and easily noticed. It plays a critical role in making quality first impressions.

7. If An Employee is Hired Through Referrals or Connections, They Often Last Longer and Become Critical to the Company’s Progress.

According to statistics, these employees, from connections or referrals, become vital players in their company. Also, they have job longevity.

8. 84% of People Rely on LinkedIn to Strengthen Their Professional Network.

LinkedIn is a reliable tool for professional connections. Arguably, it is the most preferred medium of professional connection among business people. Most individuals have LinkedIn profiles that clearly define their areas of interest.

9. 5-20% of New Customers Are Captured From Trading Shows.

These shows bring together individuals from a common sector to share ideas on products or services. This sharing of common ideas helps to create networking opportunities.

10. Business Cards Are Critical Since They Create the First Impression For 72% of People.

Most people decide whether to interact with a business when viewing their business cards. These cards often carry vital business details such as services rendered and contact information. 

How to Network Statistics 2024

11. 35% of Survey Participants Found a New Opportunity From a Casual Conversation on LinkedIn.

According to a LinkedIn study in 2017, 35% of participants found valuable opportunities through a casual chat on the platform.

12. 25% of Survey Participants Said LinkedIn Helped Them Develop New Business Partnerships.

LinkedIn continues to be a leading light in networking connections. 25% of survey respondents confirm they forged new partnerships by interacting on LinkedIn.

13. 61% of the Survey Participants Believe Frequent Online Interactions Can Create Potential Job Opportunities.

Interacting with other users online can boost your chances of landing a job. These interactions help to form quality connections that sometimes translate to job opportunities.

14. Business Cards Create First Impressions For 72% of Individuals.

Business cards are vital to the corporate image of any brand. Also, digital business cards are now available and used by many individuals. These individuals vary from top-ranking CEOs to sales representatives. These cards contain vital information, such as links to social websites, accounts, and more. 

Challenges of Business Networking Statistics 2024

15. 79% of Professionals Consider Networking to be Vital to Career Progress.

While this figure seems encouraging, only 48% of these professionals connect to their networks constantly. This is a true opportunity missed and will yield less results than those actively engaged in networking.

16. The Time Factor is the Biggest Challenge For Business Networking.

Most individuals view insufficient time as a stumbling block to proper business networking. This could result from differences in schedules among the meeting parties.

17. 49% of People Surveyed Claimed There is Not Enough Time For Networking.

Most people still complain about time and how it is insufficient to carry out networking activities. The fast-paced nature of the modern world makes time a rare commodity.

18. Millennials Are Worse Off in Maintaining Connections.

Among the millennials, only 43% struggle to keep in touch with their network. The rest let networking opportunities slip away, widening the gap between potential connections. 

The Effects of COVID-19 on Business Networking Statistics

19. Business Networking Went Downhill During the Recently Arrested COVID-19 Pandemic. As Such, Only 42% of Professionals Contacted Their Connections For Job Opportunities.

Professionals saw their fair share of challenges during COVID-19 as it limited people’s freedom of movement. As a result, connections for job opportunities also decreased, and only 42% of professionals maintained contact with one another.

20. In 2021, the Rate of Conversations on LinkedIn Went Up By 55%.

Conversation on LinkedIn grew by 55% in 2021 alone as job-seekers worldwide looked to reenter employment after the global catastrophe (COVID). This reflects the centrality of LinkedIn as an online business network.

21. Up to 70% of Small Business Owners Do Their Networking Activities Online.

Small business owners have a lot to benefit from online networking. Economic constraints and other factors may hasten the establishment of online networking, which is also likely to be the most popular approach.

22. By March 2020, the Events and Exhibitions Industry Recorded $ 16.5 Billion in Revenue Losses.

These losses were mainly due to the impact of the COVID-19 pandemic.

23. But 93% of Organizers and Other Event Planners Have Expressed An Interest in Virtual Events.

This shows that virtual events have come into their own since the era of COVID. In addition, 93% of organizers include virtual events.

24. However, 80.2% of Event Planners Feel That Virtual Events Are More Effective At Attracting Attendees.

However, event planners and organizers feel virtual events are useful for networking.

Top Business Networking Statistics

25. Restaurants and Bars Are the Best Locations For Networking.

At least 38% of professionals believe restaurants and bars are ideal for networking.

26. Over 26,000 Co-Working Locations Were Created In 2020.

This shows the importance of networking. 

27. 70% of Millennials Hate Working From the Office.

This group prefers remote work over office work.

28. There Are 500 Million Daily Users on Google Translate.

Google Translate helps almost a billion people in networking activities daily.

29. The Top Social Media Site in January 2023 Was Facebook.

Facebook had over 3 billion active users in January 2023, which confirms its importance.

30. People Spent An Average of Almost 20 Hours Networking on Facebook in January 2023.

Users spent nearly 20 hours networking and participating in other activities on Facebook in January. 

Vital LinkedIn Statistics

31. In 2023, More Than 950 Million LinkedIn Members will be Worldwide.

For Networking activities, LinkedIn continues to lead the pack. In Europe, there are 249 million users, and in North America, 228 million. Moreover, there are 151 million users in South America and another 56 million across the Middle East-Africa region.

32. At LinkedIn, 117 People Apply For Jobs Each Second, and Eight Are Hired Each Minute.

This is because the platform has many categories of jobs so that anyone can put out a recruitment.

Vital X (Twitter) Statistics

Yet, X is not included in a general breakdown of networking platforms. By contrast, there is a thriving community of people happy to get into the same trends and social networks for other motives.

33. X Recorded 556 Million Active Users, According to January Statistics.

Given this miraculous viral enthusiasm, X has become a major social media site for networking activities.

34. The Average Monthly Time Spent on the App By X Users is Now 5.5 Hours.

X’s always has excellent content, providing hot topics for people. Moreover, nearly all leading businessmen now have official X accounts. This makes it an essential network and conduit for information.

Facts About the Clubhouse Networking Platform

A lot of people love using Clubhouse as their networking venue. Here are some interesting things you should know about the Clubhouse that you may not already know.

35. Clubhouse, Which is a Voice-Based Platform, Has 1 Million Users Flocking in to Connect Every Week in 2023.

The Clubhouse has become more and more popular among many people around the world for networking activities.

• Did you know the 45+ Startup Club, a club for older people interested in business, has over 940,000 members? 
• The Startup Club, specifically for startups, has over 939,900 members.
• The Human Behavior Club, which helps people interact and network, doesn’t in any way fall behind in this growth trend as it boasts more than 766,000 members.

Clubhouse’s Most Followed Accounts:

• Rohan Seth (7.4 million followers): He co-founded Clubhouse.
• Paul Davidson (6.4 million followers): The co-founder of Clubhouse.
• Katie Stanton (3.7 million followers) and Erik Torenberg (3.7 million followers) are tech and startup mentors.
• Andrew Chen (4.5 million followers): Investing mentor with deep knowledge.

The Future of Networking

The introduction of Artificial Intelligence (AI) is changing the rules of networking as more people embrace technology. 

36. 52% of Planners Are Willing to Embrace Technology.

Artificial Intelligence, Machine Learning (ML), and other technological advancements are an added advantage for some planners.  Nevertheless, 39% are uncertain about these updates. Also, 9% of planners believe technology will fail since it does not have a human touch. 

37. Planners Hope For Proper Training to Handle AI Tools.

Some planners believe participants will resist the technology-focused models despite the AI revolution. They believe that people tend to favor a hospitable approach over technology. Nevertheless, there is a need for proper training to understand how these tools operate. 

Conclusion

The importance of networking to business is quite obvious. With more businesses embracing technology and a digital approach, networking is the vehicle to realize lasting success. Also, a strong network creates great job and business opportunities and lasting relationships. However, there are challenges to effective networking, such as resistance to new technology. Nevertheless, evolution in business networking remains constant, with more modifications occurring daily. So, a successful business must have a dependable network to achieve success. 

FAQs

References

The post The 35+ Most Insightful Business Networking Statistics of 2024 appeared first on The Tech Report.

The biggest sporting event of the year in the US is bound to have a significant economic impact. Over the last few years, Super Bowl cities have seen a lot of money inflow, as a result of increased economic activity around the big game.

With an influx of thousands of tourists who spent a lot on the Super Bowl tickets and will be spending big bucks on hotels, food, souvenirs, and other things, it’s a lucrative time to be a Super Bowl hosting city.

But is there another side to the story? Just how beneficial is hosting the Super Bowl to the hosting city and its community and workforce?

That’s what we’re here to find out. In this guide, we dive into the economic and infrastructure impact and tourism statistics of the Super Bowl hosting cities – both the positives and the negatives. We also explore some of the controversies associated with certain Super Bowl hosting cities. Off we go!

Key Statistics for Economic Impact and Tourism in Super Bowl Cities

Economic Impact of Super Bowls on Host Cities

Typically, a Super Bowl hosting city gets a huge surge in tourism, leading to more people spending more money.

As you can see in our graph, the Super Bowl consumer spending has been on the rise since 2021, when it reached almost $14 billion, and in 2024, it surpassed $17.3 billion. 80% of the above figure is estimated to have been spent on beverages.

In the next section, we take a look at the revenue of host cities and financial benefits gained as a result of Super Bowls throughout the years, the created jobs, and the media exposure.

Revenue & Financial Benefits to Host Cities

It’s simple math – the high consumer spending during the Super Bowl in the host city translates into high revenues for the said city. The minimum impact each year is estimated to be $300 million, and can reach up to $1.3 billion.

For example, Super Bowl 2023 generated $1.3 billion for its host city of Glendale, AZ. These figures represent a 40% increase since the last time Glendale hosted the tournament in 2015 ($720 million).

In previous years, the impact was similarly high – e.g., Super Bowl XLI made the hosting city of Phoenix $500.6 million in 2008.

Other cities and states also saw huge growth in revenue during the big game. For example, Super Bowl LVI held in 2022 was expected to produce economic benefits of up to $477 million to its host city of Inglewood.

And this year’s Super Bowl held in Las Vegas was forecast to bring the host city $600 million. We don’t have the post-game figures yet, but preliminary reports tell us that this figure was a rather conservative estimate.

However, some studies suggest that the figures outlined above don’t necessity reflect the reality of the championship’s economic contribution to the host city.

For example, a report from a West Virginia University expert says that in many cases, the Super Bowl host city is a popular tourist destination anyway. For instance, the game was held in Las Vegas this year, which is one of the biggest destinations in the US, and the expert argues that it would’ve received a huge amount of visitors and their cash irrespective of the Super Bowl.

Hospitality Prices Increase

It’s common for the hotels in Super Bowl hosting cities to increase prices around the time of the event by as much as 300-400%. As you can see from the statistic above, in 2012, Indianapolis hotels multiplied their regular rates by 5x (Quality Inn) or 10x (Best Western).

If a hosting city doesn’t have enough hotels to accommodate every Super Bowl fan, it’s also bound to impact the city’s infrastructure and economy.

For instance, in 2005, the Super Bowl committee had to arrange for several cruise ships in Jacksonville because the city lacked the infrastructure to host over 7,000 guests. There was no revenue sharing between the city of Jacksonville and the cruise companies.

The tendency to increase hospitality prices during the Super Bowl continues even today. The New York Times reported that Super Bowl 2024 was the most expensive one yet. The hotel prices surged 140%, with the average rate per room being $573.

Job Creation

The economic boom of the Super Bowl results not only in high revenue figures, but also in increased employment. For example, in 2020, the Miami authorities reported that Super Bowl LIV brought to the area over 4,500 new jobs.

That number increased to 4,700 in 2022, when the game came to LA, and more than doubled in 2023 in Glendale, Arizona, creating 10,459 jobs.

These jobs range from catering to event coordination to security, with the bulk of them in the hospitality industry. However, it’s important to remember that many of these jobs are of a temporary nature and are tied to the event specifically.

So, while they can significantly boost the economy of a hosting city for a short time, it should be kept in mind that the boost figures don’t necessarily reflect the long-term economic situation.

Local Infrastructure Impact

Hosting the big game requires significant investments in infrastructure and security. Given that thousands of people flock to the host city every year, millions of dollars must be spent on security and new transport links – costs that come out of the city’s pocket as they’re not covered by the NFL.

For instance, it costs an average of $250 million of taxpayers’ money to build a Super Bowl stadium.

Since Super Bowl hosting cities are decided several years in advance, the cities have a window of a few years to make the infrastructure improvements and even build the stadiums.

A significant long-term impact of the Super Bowl is that these improvements will stay in the city after the game, improving the experience of residents and visitors alike, and drawing more tourists and investments.

For example, Inglewood, which was the host city of Super Bowl LVI, had a negative reputation before the LA Rams got a stake in it in 2014. With the SoFi stadium (home to Super Bowl LVI) being built in 2020 for the 2022 championship game, the city gained a lot of real estate invesmtnets, and a lot of work was done to build other sporting venues.

Media Exposure

In addition to infrastructure improvements, hosting a Super Bowl can also put relatively unknown cities, such as Inglewood, on the map.

With thousands of visitors and millions of TV viewers tuning in, the social media engagement is off the charts, providing the host city with significant media exposure. For instance, Super Bowl LV was the second-most-tweeted sporting event in 2021, after the Tokyo Summer Olympics.

Of course, cities like Miami, which hosted the Super Bowl 11 times, and New Orleans (10 Super Bowls) don’t need extra media exposure as they’re already popular tourist destinations.

However, hosting it in a well-known city like Las Vegas can easily bring in brand-new audiences to the city, like the 2024 championship game is expected to do. Moreover, it’s a point of pride for many cities.

Host Cities With Highest Impact of Super Bowl

As we said above, Miami hosted the most Super Bowls (11) to date. As of 2025, New Orleans will have the same number of Super Bowls under her belt. Several other cities hosted the Super Bowl more than once, but some only once.

So far, Las Vegas only hosted one Super Bowl, which was a week ago. However, according to the preliminary estimates, the Nevada city saw a huge impact, as it was the most expensive Super Bowl ever. It was also the most-watched TV programme since the Moon Landing.

At the moment, it’s hard to quantify the precise benefits of the Super Bowl. However, these statistics, coupled with the Taylor Swift effect, provide a very compelling argument that Super Bowl LVIII’s host city will see the most impact out of all host cities throughout history.

Super Bowl Cities Controversies

Not all impact of the Super Bowls on the hosting cities has been positive. Many of host cities paid a lot of money for the privilege to host the event, and not all of them received a good ROI.

For instance, the stadium in Glendale, AZ, which was home to three Super Bowls, cost $455 million to built, 68% of which came out of public money. These expenses put the city in debt and made it lose $1 million in the 2008 Super Bowl.

Another host city that paid a lot for the privilege to host the Super Bowl – more than any other city, as of 2016 – is Indianapolis. The Lucas Oil Stadium cost almost $720 million to build, with $620 million of that being financed by the public money.

It was home to only one Super Bowl, and the state of Indiana didn’t pay off the debt until 2021.

Another Super Bowl host city controversy encompasses several cities, and it has to do with cold weather. For example, when the game was hosted in New Jersey in an outdoor stadium in February, it was an experiment which wasn’t well-received as snow and cold weather can easily impact the infrastructure of a host city.

Moreover, the measures taken to combat the cold were even considered excessive by some fans, as they complained the lamps were too hot.

Next Super Bowls’ Hosting Cities

We know that the next Super Bowl will be held in New Orleans – the host city’s 11th championship game. The 2026 one, or Super Bowl 60, will be the second Super Bowl to be held in Levi’s Stadium in Santa Clara (SF).

We don’t have the official confirmation of the host cities beyond 2027. According to the NFL, the 2027 Super Bowl will be held once more in the SoFi stadium in Inglewood, on Valentine’s Day.

Final Thoughts

As you’ve seen from this guide, Super Bowl can have a tremendous financial impact on its host city, ranging from thousands of new jobs to millions in revenue. Moreover, the media exposure and infrastructure investments can impact the city for years to come.

However, many argue that not all Super Bowl impacts are positive. For instance, many infrastructure investments don’t always pay off, and some financial impacts are only temporary.

For that reason, when quantifying the impacts of the championship game, it’s important to counter-weigh the positive and the negative factors and consider other surrounding circumstances.

Sources

The post Super Bowl Cities: Economic Impact and Tourism Statistics appeared first on The Tech Report.

We cannot overlook the growth trend that is currently taking place in the cleaning industry. This growth is a reflection of the disease control measures countries have implemented.

Every year, more people become part of the cleaning business at both the personal and commercial levels. It is fast becoming a means of survival for many who would have been left dead on the streets. In 2022, nearly 10% of all U.S. households hired a professional cleaner. By 2029, the employment of housekeepers and maids will grow by 6.08 percent.

Cleaning a house takes more than just a brush and soap; it requires some tricks and turns to keep a place sparkling. Using sanitizers has added a new look to this trade and has made it more noble for anyone to take on. Knowing about the cleaning industry will give you a better idea of how profitable it is and how much it has grown in the last years. Let’s plunge in.

Top Cleaning Industry Statistics

1. North America has become the world’s largest standing cleaning industry market.
2. Asia comes in second place on the world stage in the industry market.
3. Janitorial services had a field day in 2018, taking over 3.24 million persons on board.
4. Up to 1,159,598 janitor businesses were opened in the United States by the end of 2022.
5. Over 70 million people have taken up the role of domestic workers across the globe.
6. You will most likely see a rise to about $46.9 billion in the market value of household cleaners.
7. Global residence cleaning products are expected to hit a market value of $15.7 million by 2024.
8. Cleaning products will most likely keep a market growth of 5% year in and year out till 2024. 
9. The cleaning industry is moving toward a 10% rise in revenue when 2026 comes to a close. 

General Cleaning Industry Statistics

1. North America has Grown to Have the World’s Largest Standing Cleaning Industry Market Over the Years.

This is coined from the fact that most people find it tiring and are unable to complete the simplest cleaning task at home. They have no choice but to hire others to get the job done. The market’s growth rate may reach $29.41 billion close to 2033. This is because the sector CAGR is expected to hit an all 3.78% within the years.

2. Asia Comes in Second Place On the World Stage of the Industry Market.

Studies show that the Asia Pacific region of the world is the second-largest cleaning industry in the world. It has been doing a whole lot to improve its cleaning services at the commercial level. Revenue from household cleaners will rise to $12.96 billion at the end of 2023, and this will mean having a growth rate of 5.73% for the next couple of years. 

3. Janitorial Services Had a Field Day in 2018, Taking Over 3.24 Million Persons on Board.

Do you know that janitors make the most money in the cleaning industry? Yes, they earned as much as $34,000 in 2022 alone, which helped to raise the size of the market to 90 million that same year.

4. Up to 1,159,598 Janitor Businesses Were Opened in the United States By the End of 2022.

New cleaning services keep popping up in the United States, and 2021 was no exception as 1,159,598 new ones arose.

5. Over 70 Million People Have Taken Up the Role of Domestic Workers Across the Globe.

The number of domestic workers keeps on increasing as more and more people enter into the sphere. Women comprise the largest number, with as much as 76.2%, which puts men in the background. 

Cleaning Industry Demographics Statistics 

6. The Average Age of Most Persons in the Cleaning Industry is 47 Years of Age.

Most cleaners, housekeepers, and cooks are up to 47 years of age. It can, therefore, be said that the sectors mostly attract those in their midyears. 

7. Women Take Up the Largest Share of the Cleaning Industry Workforce.

Women comprise the largest chunk of the labor force, with 76%, while males comprise just 24% of the industry.

8. Many United States Building Cleaners and Janitors Were Males in 2020.

Women made up about 40% of the janitors and building cleaners lawfully hired in the United States. This goes to show that men were more engaged than women in 2020. 

9. White-Colored Housekeepers Had the Highest Share of Workers, Standing At 61.5%.

Housekeepers who are white have the largest chunk in the number, with 61.5%, followed by Hispanics, with 19.6%. The blacks also have a cut in the number of United States housekeepers with 10%.

10. Only 31% of Housekeepers can Possess a Higher Diploma Certificate.

Only 31% of housekeepers in the United States hold a higher diploma. 

Industry Statistics for Commercial Cleaning

11. The Commercial Cleaning Sector was Able to Create More Than 2.3 Million Jobs For the Teeming Populace in 2016.

The Bureau of Labor Statistics reported that over 2.3 million people were hired into commercial cleaning services.

12. More Than a Million People Were Cleansers and Janitors As of May 2020.

The number of estimated cleaners and janitors in the United States reached 1,990,510 at the close of 2020.

13. The Average Janitor Had a Take-Home Annual Pay of $29,080 in May 2020.

People who worked as janitors in the United States as of May 2020 took home an annual paycheck of $29,080.

14. Places Like Washington in the United States Pay Much Better Than Other Places.

Janitors working in Washington earned an average yearly take-home pay of $28,447 as far back as 2021. This was great news: the national average wage across all jobs was $59,596.

15. The Number of Employed Cleaners and Janitors Rose By 2.57% in Just a Year.

There was a rise in the rate at which people were hired as janitors and building cleaners in the United States. This occurred between 2017 and 2018 when more persons rushed into the industry.

16. Over Half of the Cleaning Industry is Made Up of Commercial Cleaning.

As much as 55% of the cleaning industry has a stake in commercial cleaning. This becomes the case as more and more businesses hire hands to take up the task of proper cleaning service.

17. The Commercial Cleaning Service Will Most Likely Grow At a CAGR of 6.6%.

This sector has recorded great success for some years and will likely rise with a CAGR of 6.6% from 2023 to the end of 2030. 

Residential Industry Cleaning Statistics 

18. Housemaids and Keepers Got Paid An Average Salary of $28,780.

The average housekeeper in the United States took home at the end of 2021 a tidy sum of $28,780. Despite this being the average paycheck, another 25% of housemaids had a take-home pay of $30,960 that same time. Some others were lowly paid, getting just $23,470 that same period. 

19. Columbia District Pays Housekeepers More Than Every Other State in the United States.

The District of Columbia has better value for its housekeepers, giving them a paycheck of almost $40,000 yearly. 

20. The Number of Persons Hired As Housemaids Will Likely Increase By 6%.

Experts have high hopes that the rate at which people are hired as housemaids or housekeepers will increase by 6% by 2029.

21. Up to 795,590 Persons Were Hired As Domestic Workers in Just May 2020 in the United States.

May 2020 was a great year, as 795,590 persons were taken on board as domestic workers in the United States.

22. In 2022, the Number of Hired Housemaids Stood At About 900,000 in the United States.

Around 900,000 maids were hired by people living in the United States.

23. Most Maids in the United States Are Employed By People Living in the Cool City of California.

The state of California has quite the largest number of maids in the United States. This is closely followed by Florida, with 80,900, and the next stop is the city of Texas, with 47,920 jobs. New York comes right up in fourth place with 48,460 jobs, and lastly, in fifth place is the city of Illinois with 32,50 jobs.

24. The Residential Sector Covers Up To 15% of the Cleaning Industry.

The residential sector is a great part of the cleaning industry as it has a 15% stake.

25. The Residential Cleaning Sector is Likely to Grow 4.17%.

A lot will happen in the residential cleaning area in a few years. We will likely see the CAGR rising at 4.17% in no-distance time. 

Cleaning Industry Revenue Statistics

26. The Industry Hoped Its Revenue Would Strike $74 Billion At the Close of 2022.

Like others, the cleaning industry had high hopes for revenue for the year ending 2022. Experts expected it to reach $74 billion due to the industry’s rise in hired hands.

27. The Global Household Cleaning Industry Reached a Market Value of About $37,85 At the End of 2022.

It was an amazing year in the household cleaning industry as its market cap climbed to $37.85 billion when 2022 came to a close.

28. The United Kingdom Has Also Had Its Fair Share of Growth, Making About $30 Billion Annually.

Every year, the United Kingdom has managed to maintain its cleaning industry market value to the point of raising $30 billion from the activities of housekeepers, year after year.

29. Carpet Cleaning in the United States Recorded a Market Value of About 6.5 Billion At the End of 2022.

There was a rise in the market size during the period, causing an addition of about $1.3 billion from 2012 to the end of 2022.

30. Dry Cleaning Service Has Been Faring Quite Well At the Global Level, With An 8.5% Rise in Its CAGR.

This industry has risen above its status quo to get an 8.5% raise in CAGR from 2018 to the close of 2022. 

Conclusion 

People’s awareness of maintaining a clean environment has helped to improve the revenue of the cleaning industry. More and more people are now involved with housekeeping in the United States and across the earth. Secondly, recent cases of diseases have opened the eyes of many to the need for clean surroundings. Some might say that this is simply because of the growing need for jobs by many. Whatever the case, this has a good effect on the cleaning industry. As such, one can conclude that the future is very bright for this amazing industry, as there will always be those who need the service of others to get what their environment needs.

FAQs

References

The post 30 Interesting Cleaning Industry Statistics for 2024 appeared first on The Tech Report.

This great software firm that has endured throughout the years deserves much praise. It has broken quite a good number of records for itself, even beyond what many had thought.

The company is known far and wide for dishing out software services to several businesses and brands. It would only be right to state that EPAM has helped businesses save costs and easily carry out their everyday tasks. EPAM has over 280 clients on the Forbes Global 2000 Companies list as per the August 2022 data.

The world of software programs has never remained the same since EPAM came into the picture. Over the years, it has bought many companies and helped grow it to an enviable height. The few things we highlighted in this article are facts you should know about EPAM in this article. These EPAM Systems Inc. statistics will give you a deeper insight into how well it has fared over the years and its future. Let’s dig in.

Key EPAM Systems Inc. Statistics

1. EPAM’s business valuation stood at $13.2 billion in September, with a market cap of $14.73 in November. 
2. It has been doing well globally, standing at 1116, among others.
3. November 2023 was great for EPAM as its market value hit the $225.41 mark. 
4. Traffic fared well in October, having 3.1 million in just a month. 
5. Ukrainians brought in the highest traffic visits within the same month, with 15.38%.
6. Operating expenses all through September 2023 went up to $4.21 billion.
7. The rate of return was great all through the third quarter of the year 2023, as it reached $1.152 billion.

General EPAM Systems Inc. Statistics

1. The Idea of EPAM was Birthed by Arkadiy Dobkin and Leo Lozner in 1993.

These two young men, in 1993, set on a journey of bringing EPAM to the world. It all began with Mink in Belarus and then was taken to New Jersey in the United States. The idea behind this creation called EPAM is to give customers a better experience when fixing computer programs. These men saw the gap in software programming and set themselves not just to fill the void but also to make a name for themselves. 

2. The City of Newtown, Pennsylvania, Hosts the Headquarters of the EPAM Systems At 202.

The well-known Mach Alliance would never have seen the light of the day without the efforts of EPAM. This company has spread its wings to over 22 offices in the United States alone. Arkadiy Dobkin has been tasked to take up the CEO role, leaving the CFO position in the hands of Jason Peterson. Elaina Shekher has not been left out of the loop as she holds the company’s chief marketing officer position. 

3. It Made the List of Forbes Global Companies During the Awards of 2021.

EPAM was able to stir up high to be placed at 1804 on the Forbes global list, which took place in May 2021. The company bought a consultant specialist company in the Netherlands in the same period. This firm called Just BI is well grounded in enterprise data and analytics program management.

4. EPAM’s Growth Has Not Slowed Down, As it Made the Forbes List of 25 Fastest Tech Companies From 2013 to 2017.

Forbes’s recognition shows that EPAM is a force to reckon with in the software world. The company was given the accolades it deserves by Forbes from 2013 to 2017, with an excerpt from 2014.

5. S&P 500, Popularly Called Standard and Poor, Got EPAM on Its Spotlight List At the Close of 2021.

The company joined the S&P 500 American market index. The company leverages industry standards in our focus on innovation and scale of software solutions, together with an ever-increasing mix of advanced capabilities. The fact that the S&P 500 American market index listed EPAM in the last month of 2021 is a testament to the milestones it has covered over the years. Most of the credit goes to the new mind-blowing software programs EPAM has conceived and birthed.

6. Deloitte & Touche Took It Upon Themselves in 2002 to Announce EPAM As One of the Fastest-Growing Companies Around.

The company had a field day in 2002 when it took the place of 292 on the list of tech firms in North America. Its recognition did not end there; it became the foremost Belarus company on the London stock market. 

EPAM Systems Inc. Market Share Statistics

7. Taking the Place of 1072 on the List of Most Valued Companies in the World Has Taken EPAM to a Whole New Level.

History will bear witness to EPAM as a group having its best year in 2021. 2023 was a big hit for the EPAM group, as its market cap reached $16.13 billion on December 13, 2023. This feat earned it the 1072nd place on the list of most prized companies worldwide. 

8. More Than 280 Customers of EPAM Made It to the List of Forbes Global 200 Companies.

Many companies want to get EPAM to partner with them. It would be wrong not to state that 50% of companies that make it to the Fortune 500 have EPAM to thank for it. Quite a good number of offices have been opened and are operating worldwide. More than 280 businesses on the Forbes 2000 customers list use services from EPAM. This shows that 23% of its clients are on the global stage.

9. The Company Has Been Able to Grow Its Number of Customers Over the Years.

Brands like BT, Burberry, Bacardi, Aer Lingus, Epic Games, and many more that have made a name for themselves are part of EPAM clients. These companies have used EPAM’s services and created a niche over the years.

EPAM Systems Inc. Usage Statistics

10. It Had More Than 61,600 Customers On its Service Spread Over 45 Countries of the World.

The number of businesses that find utility in EPAM software services has seen a meteorological rise over the years and will reach 61,600 by the end of 2022.

11. The Impact of EPAMs Has Been Felt By up to 127 Technology-Based Businesses Across the Globe.

Up to 80 businesses are now in partnership with EPAM. It has also gathered over one hundred (>100) channel partners. This shows how much it has grown over these years. These companies with EPAM include Adobe, SAP, Salesforce, Google, and more.

EPAM Systems Inc. Employee Statistics

12. About 61,600 People Were on EPAM’s Payroll As of 2022.

The success story of EPAM in software technology has slowly and steadily rubbed on the size of its workforce. The popular adage that fruit is an offshoot of a root best describes the staff strength of EPAM. These workers put in all the effort to ensure the company meets its mantra and gets what it rightly deserves. Its workforce rose to as high as 61,600 at the end of 2022. This was way higher than the 41,168 workers it had in 2018. Year after year, the number of people working at EPAM keeps rising as it improves its services.

13. Quite a Large Number of Persons Working At EPAM Are White in Skin Color.

Whites have the largest share of hires, with 62% at EPAM Systems. The Latinos closely follow this with 15%, and next right up are the blacks with just a mere 12%. Many would, therefore, say that the whites have a larger claim to the success of EPAM.

14. Workers At EPAM Systems Get to Work An Average of Around 4.7 Years.

The average staff will likely work for about five years at EPAM systems. Most of these workers earn an average salary of $100,200 in a twelve calendar month. This stems from the fact that EPAM is not just a working space but one that puts in the time for its workers. 

15. The Workforce Has Been Swept Over by Men, with An All-Out of 79%.

Women make up a mere 21%, leaving the remaining 79% to be taken by the male folks. This, to many experts, shows the company’s bias towards females.

EPAM Systems Inc. Revenue Statistics

16. Revenue of EPAM Rose to Hit $3.758 Billion When 2021 Came to a Close.

The company was all smiles in 2020 when its revenue rose by 15.94%, reaching as high as $2.659 billion. The next year, it had a similar experience when its revenue rose by a billion to hit $ 3.758 billion at the end of 2021. This meant that it increased 41.31% within the time frame.

17. The Stock Price Did Quite Well When it Got Listed on the 2012 Stock Exchange Market.

Being listed on the stock exchange market in 2012 was a milestone success for EPAM. It rose in just a short space of time to be the first ever Belarusian company to be listed on the New York Stock Exchange market.

18. In 2018, EPAM Made a Name Once More for Itself When it Made the List of Top 10 Travel Hospitality Providers.

The company has continued to trend on the part of success since 2013. It climbed up to the top 10 THLS providers in 2018.

19. Snowflakes Award to the EPAM Group Became Another Round of Success.

An award from the data cloud company called Snowflakes into the Elite partner tier status was a great feat once more for the EPAM company.

Conclusion

Once a small startup scratching for Eastern European clients, EPAM Systems hawked software skills. Their ascendance seemed inevitable due to their sharp skills. And ascend they have – right to the glittering heights of the global digital economy.

In the fast-paced world of software engineering, this team delivers unmatched creative power. One can scarcely name an industry whose technological wizardry hasn’t revolutionized. EPAM engineers smarter trading platforms on capital markets. They also optimize online retail supply chains and build next-gen payment engines. The company brings ruthless innovation to every business equation.

Little wonder elite Fortune 500 leaders like Google, Barclays, and Coca-Cola prize EPAM’s outsourced expertise to sharpen their competitive edges. Or why EPAM themselves joined the prestigious NYSE years back, ringing the bell on a new era of visionary tech consulting.

Yet the most compelling aspect of this software sensei may be their hunger for ever greater challenges. EPAM swells its corporate coffers and overflows its industry awards cabinet. Beyond that, it chases the deeper fulfillment of raising human livelihoods through technology. Observers struggling to keep pace with EPAM’s rapid growth may label the firm indefatigable. However, insiders likely prefer the term insatiable. No height seems out of reach because of this soaring eastern star of the software cosmos.

FAQs

References

The post 19 Intriguing EPAM Systems Inc. Statistics for 2024 appeared first on The Tech Report.

In today’s modern world, we can find many services to foster seamless communications at the workplace and with customers. Twilio is out to make dramatic changes to our communication patterns. Twilio had 350,000 active users in 2021, a 32% increase from the previous year.

As the world started to develop in every aspect, technologies followed suit, and now we have thousands of tools and services that have taken communication to the next level. Twilio is one of the firms making this possible, and it has achieved a lot with its cloud-programmable telecom tools. These tools streamline how we interact in our workplaces or with customers. There are numerous facts and Twilio stats you probably didn’t know about the firm. We’ll unfold them below, so keep reading.

Key Twilio Statistics 

Twilio keeps climbing to the top as the cloud communication environment evolves speedily. This is due to its ability to offer trustworthy services and financial constancy.

1. Twilio was introduced to the world in 2007.
2. Currently, Twilio platforms function across 180 countries.
3. A co-founder, Jeff Lawson, helped build Amazon Web Services.
4. Jeff Lawson ensured that there was a strong tie between Twilio and Amazon.
5. Twilio utilizes AWS, while Amazon uses Twilio for Chatbots, Chime enterprise communication service, Connect cloud-based contact center and SMS notifications.
6. The Twilio Fund was initiated in 2010 and was managed by 500 Startups. It distributes $250,000 for startups employing Twilio APIs.
7. Based on the Fast Company research, Twilio ranks 8th among the most creative companies around the globe.
8. Moreover, Twilio has created a history of achievements for itself. Its leading Segment has an average rate of $3.2 billion.
9. Its smallest acquisition, called Tikal Technologies, is at $8.5 million.
10. The company is often vague regarding the cost of its acquisitions.
11. However, its Market Cap is at $15.551 billion.
12. Every year, the platform releases its Customer Engagement Report (CER). 
13. Twilio hires developers for custom API development through platforms such as Upwork.
14. Netflix, Uber, Airbnb, and other major brands trust Twilio to deliver the best services that cater to their needs.
15. The number of employees at Twilio reached 6,000 in 2023, showing a 20% improvement from what it was in 2022.
16. Twilio’s CAGR (compound annual growth rate) has developed (over 30%) strikingly since 2018.
17. It has shown a 99.95% uptime for its services, which has much to do with its level of devotion. 

Statistics on Twilio Clients

1. In the last two years, the company has done well for itself with its 350,000 active user accounts. According to them, it was a 32% upturn from the past year.

2. Twilio could only boost it by having 14,000 active user accounts at the end of 2014. 

3. Around 5.85% of Twilio’s customers operate within the Computer and Technology sector, its major industry segment.

4. Roughly 1.88% of its clients are in the government circle, while the second largest is the customer group.

5. People in the United States comprise over 30% of Twilio users.

6. The Indians make up 20% of its user base. 

7. WordPress is not left out of the loop as it uses Twilo as its website plugin.

8. Using Twilio’s skills can greatly engage audiences and lead to an amazing 70% rise in income. 

9. About 64% of Twilio clients use it to increase customer satisfaction.

10. Only 45% aim to increase customer loyalty using Twilio. 

11. Only 39% of businesses combine Twilio APIs with online platforms.

12. Every user is valued and given a top-notch experience, rated 4 out of 5 by clients. 

13. The company can proudly boast a large user base of over 10 million developers worldwide.

14. Twilio’s learning game called TwilioQuest has been able to gather to itself over 100,000 developers. This shows its loyalty to raising developer expertise.

Twilio Usage Statistics

15. A global financial institution of ditch origin, ING completely renovated its software and hardware with Twilio’s cloud-based systems.

16. Sniffies has earned a top Twilio user badge. It boasts an estimated 11.8 million monthly users. 

17. Almost 2,000 websites across the world use Twilio.

18. The platform uses more than 1,800 working domains. 

19. Twilio apps have, over the years, been able to control more than one trillion interfaces. 

20. More than 10 million developers have gotten the chance to create apps and connections on Twilio.

21. Twilio, like every other company in communication, sends billions of messages across the globe.

22. The wide use of Twilio’s Narrowband IoT platform by devices globally shows the growing importance of the Internet of Things.

23. Buying out SendGrid has placed it on the level of a leading email provider. It now sends up to 70 billion emails every single month of the year. 

24. Over 500k doctors now use Twilio’s programmed video to do their job. It helps healthcare providers provide great telehealth services.

25. Twilio’s programmable video has aided over 500,000 health sessions, helping healthcare providers deliver effective telehealth services.

26. Millions of users rely on Authy, Twilio’s 2-factor authentication app that safeguards over 12,000 applications from any security breach.

Twilio Communication Statistics

27. Quite a good number of businesses have gained from the programmable chat of Twilo. One great thing about this tool is its ability to handle real-time chat monthly.

28. Over 6,000 nonprofits have been sent out by an act of kindness of Twilio. This does not in any way downplay the more than 1 billion messages spread for noble causes.

29. Twilio’s Voice Insights looks at over 100 million calls monthly. This has helped to increase call quality and customer satisfaction in businesses. 

30. With its Super Network boasting over 3,000 carrier connections globally, Twilio showcases a large span of control.

31. Twilio’s Programmable Fax service has been able to post over 10 million each year, even with the fall of the traditional fax. This tells you that its ability to support various communication methods. 

32. Usage-based pricing offers the Twilio platform 90% of its revenue. This shows that it has a well-laid-out consumption business idea. 

33. More than 90% of Twilio’s revenue stems from usage-based pricing, which shows how well its business model on consumption is cut out.

34. Twilio has been offering a rise in the level of IoT service in 2023. Over a million active SIMs came through, which means that it rose by 40% from what it was in 2022.

35. Handling over 50 million text messages has placed it in good standing in the SMS business world. 

36. The site takes time each day to work on around 1.5 million emails daily. This has placed Twilio as a vital tool in the world of business.  

Statistics on Twilio Workspace

37. Twilio handles 60 billion communications monthly, including calls, texts, and emails.

38. These communication interactions comprise 40% voice calls, 45% text messages, and 15% emails.

39. Twilio has been able to show all how well it can adapt. Every day, it takes up the task of going through 700,000 video interactions. Its services geared towards businesses spanning over countries have firmly planted it on the sands of communication. 

40. Studies show that Twilio has on its payroll list 8,510 employees spread all over the world.

41. Persons who are working at Twilio are most often referred to as “Twilio.” 

42. More than 1,000 engineers were brought into the Twilio work system from July 2021 to August 2022. 

43. Those in the engineering section are tasked with creating apps for Twilio.

44. Many workers enroll in coding boot camps to improve their skills.

45. Jeffrey Lawson, the CEO of Twilio, takes home a paycheck of $698,000 income every single year.

46. Khozema Z. Shipchandler, who occupies the COO post, receives an annual paycheck of $751,000. 

47. Twilio has witnessed tremendous growth, so much so that it now has 26 offices in 17 countries. 

48. The company’s sales team has increased steadily and contributed immensely to Twilio’s growth. 

49. Increasing the number of staff members is a trend that has helped Twilio increase and enhance its service delivery.

50. Twilio lost a lot of workers in June 2022, when the number of employees who left was way higher than those who came on board. 

51. Every Twilio staff member in the United States is entitled to an average income of $117,000 in a year. 

52. Workers in the United Kingdom do not earn that much; they get an average salary of £86,000 yearly.

Business Adoption Statistics

Twilio has, in no small way, helped to reshape communication in the corporate world. It has given businesses a whole new idea of what the workplace should be like. Here, we will be looking at how well Twilio has been able to leave its footprint in the business arena.

53. The steady growth of Twilio shares shows investors’ confidence in it. It also signals that the company will be in business long term.

54. More than 50 new products and services have been sent out since Twilio emerged. This shows its commitment to giving its users the best offerings in the industry.

55. For years, it has proven itself as a communication provider that users can rely on. The success we now see in Twilio would never have been without a partnership with over 190,000 businesses. 

56. Twilio’s Autopilot has catered to more than 1 million tasks, showing its role in making things way easier for businesses. 

57. Segment, which Twilio pilots, gives service to over 20,000 companies. Major names like Levi’s and FOX are a part of the mix that has helped to fortify its stance in the market. 

58. The company has witnessed remarkable growth to the extent of acquiring nine assets, including Send Grid and Segment. 

59. The Twilio Flex platform has proven that it can cater to businesses of any size and support 50,000 agents. 

60. Major stakeholders hold an 84.9% stake in Twilio, showing investors’ confidence.

61. The success of Twilio has, over time, spiked the interest of many people to invest in its operations. 

Twilio Revenue Statistics

62. Institutional ownership rose to 84.9% at the close of 2022.

63. The company’s partnerships spread to over 190 countries, showing its global market presence.

64. Since its IPO in 2016, Twilio’s stock (TWLO) has kept rising, and as of Q1 2023, it raked an impressive 30% increase in price.

65. Twilio’s active customer accounts swelled to over 300,000 in 2023 alone. This is a far cry from 64,286 some years back in 2018.

66. Handling more than 100,000 business calls every minute is one of its many strengths. 

67. The coming Twilio has helped improve business and customer relationships. We now have more than 100 billion relations taken care of by the company.

68. eBay relies on Twilio to send over 15 million SMS, making transactions far easier.

69. Netflix uses Twilio to send out a large number of text messages to users every day. These messages are sent to persons living in 45 countries of the world.

70. Trulias, a real estate platform, rose by 50% and birthed a lead conversion after Twilio solved its communication needs. 

71. Businesses that use Twilio for their customer service have had a 20% fall in ticket time, making the whole process much easier.

72. Through Twilio SendGrid, businesses can get up to 97% fast email delivery. This is just around the best in the industry we have today.

73. Quite a good number of businesses have adopted Twilio as their model for best communication. 

74. The company performed so well in 2022 as its revenue rose 48% from January to the end of March.

Twilio Stock Price Statistics

75. Twilio’s earnings also increased 41% in the second quarter of 2022.

76. Twilio could profit as much as $1.76 billion at the close of 2021.

77. The company’s first sum was $245.5 million in 2015. 

78. Almost 15% of Twilio payments are created from WhatsApp. 

79. The stock price of Twilio is not parallel as it keeps rising and falling.