Independent Workforce Profiling in Russia: A Comprehensive Study of Freelancers
Self-Employed in Russia: A Generation Y Dominion
Get ready to dive into the slice of the Russian workforce that's ditching the cubicle life! VTB Bank's latest study sheds light on the self-employed demographics, and it seems that the millennial crowd is leading the charge.
Naturally, the Gen Y, or those born between 1981 and 1996, make up a whopping 48% of all self-employed Russians. generation X comes in second with 29%, followed by Gen Z at 16% and Baby Boomers trailing behind at a modest 5%.
Interestingly, the study also reveals an inclination towards self-employment among men, with males accounting for approximately 60% of these independent workers.
Deputy President and Chairman of VTB Bank, Denis Bortnikov, sums it up: "The self-employed are becoming a critical and rapidly growing component of Russia's economy. We estimate the self-employed population to hit 20 million by 2026."
This study coincides with the upcoming St. Petersburg International Economic Forum (SPIEF) set from June 18 to 21.
Now, you might be wondering where to snag similar studies or how to access VTB Bank’s research reports. To help you out, I can point you in the right direction or guide you on the usual places banks publish such information. If you've got more to share from this specific study, I'd be happy to help you sift through it!
- I'm not sure if the VTB Bank's study includes specific data on the types of careers chosen by self-employed entrepreneurs in Russia, particularly those running small-businesses in finance or other sectors.
- The growing number of self-employed individuals pursuing entrepreneurship, such as small-business owners in finance, could be shaping the careers landscape in Russia, as the self-employed population is predicted to reach 20 million by 2026.
- As a millennial entrepreneur considering a self-employed life in Russia, you might contemplate the financial aspects of small-business ownership and explore various business models to ensure your career thrives in this growing domain.
