Have you ever taken a stroll through your company’s parking lot and noticed an Uber decal here and there on some of the vehicles? It may be that the employee drives for the ride-share service during nights or weekends, and if so he or she is far from unusual: Nearly a third of all U.S. workers (32 percent) have a “side gig” — a job outside of their regular work hours — to supplement their income, according to a CareerBuilder study released today.
Side gigs are prevalent throughout the workforce, the study finds, although women are more likely than men to have them (35 percent vs. 28 percent) as are workers younger than 35 (41 percent to 27 percent). African-American workers (46 percent) and Hispanic workers (40 percent) are more likely than Caucasian (29 percent) and Asian-American (26 percent) workers to have a “side hustle.”
Selling Amway or performing some consulting work after (or even during) work hours has long been a way for Americans to supplement the take-home pay from their regular job, but the ease of downloading an app such as Uber, Instacart (which lets you sign up for jobs delivering groceries and the like on your own time) and TaskRabbit have made it easier than ever to find side gigs. Plus, record-high levels of student debt and stagnant wages are also contributing to the allure of side gigs.
“While we continue to be at what is considered full employment, the quality and pay of jobs isn’t always what workers want, causing them to seek out new ways to supplement their full-time income,” says Rosemary Haefner, CareerBuilder’s CHRO. “We’re no longer in a world where there’s just one employee-employer relationship. It’s easier than ever to download an app that allows you to drive around passengers, pick up babysitting gigs or sell your unwanted furniture, and employees are willing to take on these extra responsibilities for cash.”
Although they’re more common among relatively low-paid employees, the appeal of side gigs spans all pay levels: One in four workers making more than $75,000 annually hold side gigs as do 19 percent of those making in excess of $100,000. Thirty five percent of workers making less than $50,000 and 36 percent of those making below $35,000 are working side gigs.
Money is not the only attractant for side gigs — dissatisfaction with one’s regular job is also a factor. More than eight out of 10 of the 3,696 full-time workers (82 percent) who participated in CareerBuilder’s survey say they’re not in their dream job, and 33 percent of those workers have side gigs. With that said, most of those with side gigs (67 percent) say they’re not looking to turn their side hustle into a regular full-time job, while 42 percent say they’re more passionate about their day job than their side gig (32 percent).
For employers, the reality of employees with side gigs would seem to be a bit of a double-edged sword: Working a job on the side leaves less downtime for the employee and could lead to greater stress and exhaustion, not to mention distraction. Then again, the nimbleness and initiative required for successfully managing a side gig could ultimately lead to a more-valuable employee, not to mention the chance to pick up more skills that can be applied to one’s regular job. Regardless of the ultimate impact, this is clearly a trend that isn’t going away anytime soon.