As many as one in four UK workers now have a ‘side-hustle’, with that figure expected to grow to 50% by 2030. According to research from Henley Business School, the rise in side hustles – a hobby or outside job that has the potential to bring a secondary income – holds a massive financial benefit: generating £72billion for the UK economy.
However, this changing approach to how people work means HR might need to rewrite the workplace rulebook. Currently, half (49%) of businesses not having a policy on side-working and a further 54% are indifferent to this changing approach to work. As a result, they could be missing out on top talent and real financial benefits. For example, with the average total cost of replacing an employee standing at £30,000, if you’re not letting those employees feel they can bring their whole selves to work – the price of losing them can seriously inflect on the business.
* By registering you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products.
If you find yourself asked to register again, please make sure that your browser cookie is enabled.
We would like you to become part of HR Grapevine and join the most engaged online communities of HR Professionals in the UK. Thousands of HR Professionals just like you have already registered with HR Grapevine and we would like you to join in - its FREE!
However, an EU regulation coming our way means that to continue hearing from us, you will need to become a registered user. No matter the outcome of BREXIT, this regulation will apply to us while we remain in the UK and perhaps beyond.
Access across the HR Grapevine site will continue to be free of charge once you register. You will also be able to join our other communities for:
- Business Leaders
Every reader we retain, is very important to us, and we would appreciate you taking the time to Register with us now.