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How contracting could boost wellbeing for some workers

Paystream News

Paystream

Tuesday 10th Oct, 2017

The traditional nine-to-five is damaging workers' mental health, suggesting that contracting or freelancing could be significantly better for their wellbeing, according to a new study.

Today (Tuesday October 10th) marks World Mental Health Day across the globe and to coincide with the annual event, freelancers' group The Hoxby Collective has published new research that shows 33 per cent of UK workers have felt their mental health suffer due to inflexible working hours.

Of this one-third of the workforce, 90 per cent said not being able to work flexibly had made them more stressed and 78 per cent reported that it had increased their anxiety levels. More than half (52 per cent) of respondents said it had impacted their ability to sleep and 61 per cent revealed they regularly felt pressured to work late in order to impress.

Some 88 per cent of workers said they tended to be more productive and efficient when they could work hours that suited them, and they could look after their health better at the same time.

As a result, this suggests that a significant number of additional workers would benefit hugely from leaving their current job behind and making the move to become a limited company contractor or freelancer instead.

This way of working means they can choose their own office hours and work towards a better work-life balance.

Almost three-quarters (73 per cent) of workers said they are happier if they can select their own working hours each day, as it allows them to better juggle personal and professional commitments, and concentrate on their own wellbeing whenever they need to.

Meanwhile, 71 per cent of those questioned reported that they were more focused when they could choose their own flexible working hours, while more than two-thirds (67 per cent) of respondents said they liked being able to work at the times when they knew they could be most productive.