More than a quarter of Britons are working £72 billion in side hustles to make some extra cash. The average side hustler is making about 20 percent more money, but many work more than 50 hours a week. Surveys suggest business leaders are ambivalent about all these side hustles, although some feel that they make workers happier and more productive, a view also shared by many side hustlers. Henley Business school attributes the trend to a loss of secure lifetime jobs from most companies, and warns failure to embrace the trend could cost businesses some of their best talent.
- By 2030, 50% of UK workers will likely be having a second job apart from their main job.
- One problem facing people who desire to have a second job or to be entrepreneurs while still engaged in their main job is personal failure.
- Business leaders who support their employees having a second hustle feels it makes them retain their best people and it makes their staff productive and happier.
“Boosting the average “hustler’s” income by 20 per cent, a quarter of them are working 50 hours a week or more – 13 hours longer than the average UK worker.”
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