November 6, 2018
Working parents lead the charge of British workers into the side hustle
A new study published by GoDaddy and the Centre for Economics and Business Research (Cebr), claims that ‘side hustling’, in which people have small business ventures running alongside their main job, has risen by around a third over the last decade. The study claims that the UK’s side hustlers make a substantial contribution to the economy, with every 1000 side hustles creating 876 extra jobs. The report, Side hustle: a way of life, not work also claims that 44 percent of side hustlers are parents with at least one child under 19 living at home.
A new report from the CIPD has found that most of those working in the HR and people management sector are confident exercising their judgement, with six in ten (64 percent) agreeing their job gives them the opportunity to fully express themselves as a professional. But more than just providing stimulating work, the people profession in 2018: UK and Ireland report shows the profession enables individuals to contribute to the ‘greater good’ and gives them a sense of purpose. People professionals also enjoy their job, with more than two-thirds of respondents saying their work makes them happy (70 percent) and energised (67 percent).
The rise of data and digitisation has led to the demise of the traditional working day for many CEOs, with a third now checking business analytics first thing in the morning and last thing before they go to bed. This peaks at 54 percent among 25-34 year olds but drops to just 5 percent for leaders over 45, who are much more fixed to their desk. According to the research by Domo (registration required), 80 percent of these leaders prefer to wait until they are in the office to check in. Three quarters (71 percent) of CEOs across the UK and Ireland believe their business could be at risk from current blind spots in data access and skills, however, there is another demographic split. 84 percent of CEOs age 25-34 said it could be a risk, compared to just half of over 55s.
