Self-employed more likely to earn more if they have better ICT skills
New research has shown that self-employed professionals are likely to earn more if they have better ICT skills.
The data, from Professor Andrew Burke and Dr. André van Stel of Trinity Business School, found that for at least 25% of the time, self-employed professionals and SMEs’ earnings rise with their level of ICT use.
According to the research, there is also a negative relationship between the length of time an entrepreneur has been running their business, and the likelihood of them adopting ICT skills – the researchers say that this inevitably resulted in lower earnings.
The researchers say that the pandemic makes this study even more relevant, due to the fact that face-to-face interactions are now being replaced with digital engagement.
Professor Andrew Burke, Dean of Trinity Business School and Chair of Business Studies, commented on the findings, “For years now, digital skills have been needed to participate in today’s modern societies and to improve one’s economic situation.
“But, taking into account the current pandemic, our findings have clear implications for what is, and will continue to be, the ‘new normal’ in business. It will become more important than ever before to adjust quickly to digital ways of working.”
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