Working as a freelancer or remotely for foreign employers is growing increasingly popular around the world, including in Pakistan, which is one of the top countries in terms of producing skilled human resources in high-demand industries.
According to a poll released by Deel, a San Francisco-based employment organisation, Pakistani professionals working remotely for international employers not only made it to third place in the world, but they also received attractive pay raises from their employers.
According to the “State of Global Hiring Report 2021” published by San Francisco-based Deel, salaries of Pakistanis employed for remote labour by international employers are among the fastest rising in the world.
Mexico (57%) had the highest salary increase among international online hires, followed by Canada (38%), Pakistan (27%), and Argentina (27%). (21 percent). Salaries for global hires from India increased by 8%, 7% in the Philippines, and 4% in Russia. Deel has hired individuals in the Philippines, India, and Pakistan, the top three countries in the Asia Pacific area.
The actual salaries given in Pakistan after the 27 percent salary raise were not disclosed in Deel’s report. Software engineers, account executives, quality assurance engineers, product designers, and consultants are among the top roles employed through Deel.
The epidemic and recent developments in communications technology are assisting in the globalisation of the labour market for talent, allowing workers in underdeveloped countries to work remotely for multinational firms at greater wages.
Deel’s partners include over 250 legal, accounting, mobility, and tax specialists. According to the company’s recent research on global hiring, any organisation can develop, sign, and deliver compliant localised contracts and pay teams in more than 120 currencies with a single click. It enables contract workers to withdraw a portion or all of their salary in cryptocurrency, including Bitcoin, Ethereum, Solana, Dash, and USDC.
Pakistanis Are Among Highly Paid Freelancers
According to a global survey done by Payoneer in 2019, Pakistani women freelancers make $22 per hour, which is 10% more than men’s $20 per hour. While Pakistani male freelancers earn about the same as the global average, Pakistani female freelancers earn more than the global average.
The digital gig economy is not only assisting women in earning more than males, but it is also lowering obstacles to women’s involvement in the labour force in the United States. In the burgeoning gig economy, having a university degree does not help you earn more, according to the report. In 2015, a survey was done.
An average Pakistani freelancers working 34 hours a week at $20 an hour earns $34,000 a year, or nearly 6 million Pakistani rupees a year, a small fortune for a young Pakistani. For skilled young men and women in underdeveloped countries like Pakistan, this is one of the benefits of the online global labour marketplace. In Pakistan, freelance expertise can sometimes lead to tech businesses. In Pakistan, the year 2021 marked a watershed moment for tech entrepreneurs.