Contractors working through umbrella companies or limited companies are likely to be intrigued by the views of a leading business futurologist who predicts that opportunities for remote and virtual working will rise steeply.
Dr James Bellini was commenting on a survey conducted by Orange National Business Awards which revealed that a large majority of UK businesses – 67 per cent – believe that new technology will drive massive changes in working practices over the next decade. By 2021, 40 per cent of those polled said that they expected the entire UK workforce (including themselves) to be working remotely.
As many PAYE umbrella contractors are already familiar with this style of working, they might consider themselves ahead of the trend. The business leaders surveyed were clear that a strong desire for improved work-life balance amongst British employees (and employers) would drive the trend forward as much as technological innovation.
Dr Bellini was forthright in his praise for freelance contractors and small businesses, whom he described as “extremely innovative.” He said that small enterprises and freelancers were playing a leading role in driving technological development forward. In particular, he singled out the life sciences and creative sectors, both of which he believes will perform especially well in the coming decade.
Dr Bellini’s comments came after a new exhibition was launched by Baroness Wilcox, the Minister for Intellectual Property, at the Life Sciences Centre in Newcastle. This aims to educate young people living in the region about how creative new technologies can improve ordinary life.