A recent study suggests that 25% of employees in the UK are running at least one business project alongside their day job. Having a secondary business or job has become particularly popular among millennials, who tend to start a side gig as a hobby or in order to explore a new challenge.
Millennials tend to have different attitudes towards work and technology. They are used to being able to work from anywhere, using a smartphone or a tablet.
Various studies have shown that employees who have a side gig report feeling happier and more content. However, businesses/employers seem to view a side gig as a negative distraction from their employee’s day jobs.
The truth is that many of the best employees have additional income and employers need to be more supportive. A side gig can actually be a good thing as long as it doesn’t involve working for a competitor or doing anything that might damage the main employer’s business.
A positive effect
Employees can learn new and useful skills from running their own side gig. They can gain real-life experience of customer service, project management or budgeting that can be applied when they are working their day job. From an employer’s perspective, their employees are gaining new skills that can make them better at their jobs and the employer doesn’t have to pay for any training.
Research from numerous studies has found that an employee who has the drive to work a side job is more likely to be innovative, proactive and organised. They are also more likely to come up with new ideas, which they have gained through their own new experiences.
A survey from a well-known careers website recently revealed that over 70% of employees with a side gig want to remain in full-time employment. They don’t want their additional work to become their full-time job, as it’s more of a hobby/passion that just happens to create an income.
It seems that the side gig is here to stay and employers need to shift their view – a side gig is a positive thing. However, employers should consider adding a non-compete clause to contracts. This will ensure that there is no temptation for employees to work in any way that could damage the employer’s business.
July 30th, 2019