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ITI members performing well in current business environment

The majority of respondents to ITI’s first-ever Pulse survey were positive about their work and prospects in the current business environment.

63% felt either positive or very positive towards their work and prospects, compared with 13% feeling negative or very negative.

The Institute has launched its Pulse survey initiative to keep abreast of market conditions and its members’ main issues and concerns.  These short surveys will be conducted 2-3 times a year from now on to establish trends and the evolving priorities of members.

66% of respondents had gained new business over the last 12 months, with 10% gaining a significant amount.

Interestingly, over 16% did not wish or need to gain new clients.

63% of student members were already doing some kind of work in their chosen profession.

In terms of earnings per word/contract/hour, 52% said this had stayed much the same. 28% said earnings had improved, while 16% had experienced a reduction.

For freelancers, the most challenging aspects of their role in the current climate were finding new clients (37% of respondents); clients having a poor understanding of the job and what was needed to produce a high-quality result (34%); keeping up to date with translation technology and how it could help their work (30%); the business aspects of being a successful freelancer, and working alone with limited opportunities to bounce ideas of others (both at 22%).

For those working in-house, the most challenging aspects were keeping up to date with translation technology (42%); political/cultural uncertainties such as Brexit (39%); planning a career path/career progression (34%); and keeping language and specialism knowledge up to date (both 24%).

There was a high level of member participation in the survey with over 700 responding.

ITI chief executive Paul Wilson commented: ‘It’s fantastic that so many members have taken part; this gets the initiative off to a great start, and it sets a solid foundation and benchmark for our future research.

‘The findings will inform the Institute’s activities, and we look forward to seeing the bigger trends picture unfold over the course of future surveys.’

A more detailed report on the research findings will be available in the members’ only area of the website shortly.

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