- The term “overemployed” refers to people who have multiple jobs or work more hours than they would like.
- According to a ResumeBuilder report, a staggering 79% of surveyed remote workers juggled two or more remote jobs in the last year to increase their income.
- Employers should strive to offer competitive compensation and benefits to attract and retain top talent, but individual circumstances always influence an employee’s decision to take on multiple jobs. increase.
Nearly 80% of remote workers are juggling multiple jobs, sparking an “overhiring” boom. Are you part of this new trend in which remote work has fueled its success?
The term “overemployed” refers to people who hold multiple jobs or work more hours than they would like. Many remote her workers and hybrid her workers are now over-hired, but that’s because of their own work.
About half of U.S. employees have a “side job” or additional income stream due to remote and new flexibility in post-pandemic work schedules. bloomberg.
The influx of online gig takes and item sales has reached over $50 billion in monthly revenue, much of which is tax-free. Amazingly, even high earners with annual incomes above his $100,000 are joining the trend of side hustle.
This overemployment phenomenon isn’t just because people have found ways to do multiple remote jobs. This new trend appears to have been largely fueled by the exorbitant rise in the cost of living, forcing people to choose different jobs to get more. Tournament is over.
“Overhiring is not a career strategy, it is a financial strategy,” said Stacie Haller, ResumeBuilder Chief Career Advisor.
according to ResumeBuilder report, A staggering 79% of surveyed remote workers juggled two or more remote jobs in the last year to increase their income. 36% have two full-time positions, and many more have multiple part-time roles.
When asked if it is easy or difficult to manage multiple jobs, 15% said it was “very easy”, 24% said it was “somewhat easy”, 52% said it was “somewhat difficult”, and 10% said it was “somewhat difficult”. answered. Balancing multiple jobs is “extremely difficult,” the report said.
It’s important to note that every remote worker’s situation is different, and their reasons for doing the two jobs can be very different. Employers should strive to offer competitive compensation and benefits to attract and retain top talent, but individual circumstances always influence an employee’s decision to take on multiple jobs. increase.
In a Q&A, ResumeBuilder Chief Career Advisor Stacie Haller explained how this new trend will affect the future of work.
All workspaces: Why is overemployment so prevalent today?
Stacy Haller: Today’s workplace is ripe for workers to take on additional work. If you’re working remotely or hybrid, you have more hours available during the week, giving you the opportunity to earn more during that time. Others try new businesses part-time until they can work full-time, gain new experience, or develop new skills for future employment. There are many reasons beyond just getting a side income.
All workspaces: Is overemployment the only sustainable way for new generations to earn a living?
Stacy Haller: The ability to take on more work should not and cannot be used to keep wages the same. Most people want to have her one job that will give her enough income to live the life she wants.
All workspaces: How will this phenomenon affect the future of work?
Stacy Haller: The future of work is still evolving, with workers having more options and overall more flexibility. That’s the future of work, but I don’t think we’re anywhere near stable just yet. In the next few years, we will see what will be the new normal. In the company he no longer exists a person who works more than 40 hours. There will be different ways for people to make a living.
All workspaces: Is the report on the number of job openings completely wrong because one candidate is actually taking on two jobs, so the number of job openings and the number of open job openings are out of sync?
Stacy Haller: I think the numbers are more correct than wrong. I don’t think they count part time jobs and most people who work multiple jobs he doesn’t work 80 hours. Most of my side jobs are part time. Today’s numbers show it’s still a very strong contender market, regardless of the high-profile layoffs. Mainly in the technology industry.