Are your HR policies embracing side hustlers?

Side hustlers, those who do a little extra around their working day...
Are your HR policies embracing side hustlers?

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.

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