Fiverr Industry Report Reveals that 90% of Tech Executives Hire Freelancers for High-Stress Periods

Tech Companies Remain Bullish on AI Integration Amidst the Ongoing ‘AI Revolution,’ Cybersecurity and Talent Management Top Of Mind for Tech Execs Nationwide

NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE: FVRR), the company that is changing how the world works together, has released a report, Strategic Insights: Leveraging Freelance Talent in Tech, aimed to help tech executives understand and react to the current challenges across the sector.

The report offers a granular analysis of executives’ pain points, including in which quarter they feel the most stressed (Q3). It also offers a glimpse into how executives are adapting to and overcoming hurdles – particularly around cybersecurity measures, emerging technologies (including AI), and sourcing skilled talent.

“When researching this report, we wanted to create a robust analysis of the problems that tech executives are facing, to provide them with tangible and actionable solutions. The paper’s findings can ultimately serve as a roadmap for executives looking to empower their teams to focus on innovation and growth, while also improving talent retention and satisfaction,” said Maya Rosiman, General Manager of Fiverr Pro. “The report reveals that a strategic hiring approach must be multi-pronged to adequately address the compounding gaps in critical skills, as well as improve workplace culture across today’s tech companies.”

Key findings from the national data include:

The Primary Obstacles and Pain Points of Tech Companies:

• Cybersecurity threats act as the leading concern for over 50% of tech companies surveyed. Nearly 40% of companies worry about AI integration alongside other relevant technologies while 38% stress over talent acquisition and retention.
  
• As organizations grow, 53.2% of tech companies cite optimizing technology and infrastructure as their top challenge, closely followed by maintaining company culture (52.6%) and securing the right talent (50.6%).
  
• 89.7% of executives are amenable to leveraging freelancers during peak stress periods, showcasing a strategic embrace of flexible workforce models for optimal operational agility
  

Industry Attitudes Toward AI and Integration Success:

• Companies are optimistic about AI and machine learning, with almost 77% of executives remaining positive about its implementation and over 40% deeming it essential for the future.
  
• AI integration has been a success story for many leaders, with over a third of leaders saying it has surpassed expectations and exponentially boosted operational efficiency.
  
• While nearly a third of executives are enjoying AI's benefits, but only through notable investments and training beforehand. However, almost 20% of leaders cite mixed impact or AI integration falling short due to implementation and capability challenges.