The article discusses the growing trend of Gen Z employees engaging in side hustles while working full-time jobs. According to a survey conducted by Ernst & Young (EY), 76% of Gen Z employees in the US have a side hustle, with 36% of them considering turning it into a full-time business. This trend has implications for HR leaders, who need to understand the motivations and needs of Gen Z employees and find ways to accommodate their side hustles.
Key takeaways for HR leaders:
1. Side hustles are a common practice among Gen Z employees: 76% of Gen Z employees in the US have a side hustle, which indicates a desire for additional income or a pursuit of passion outside of their full-time jobs.
2. Gen Z employees are considering turning their side hustles into full-time businesses: 36% of Gen Z employees with a side hustle are considering making it their primary source of income. This suggests that Gen Z employees value flexibility and entrepreneurship.
3. Side hustles can enhance employee skills and creativity: Many Gen Z employees engage in side hustles to pursue their passions and develop new skills. HR leaders can leverage this by encouraging employees to share their side hustle experiences and learnings with the rest of the team.
4. HR leaders need to understand the motivations and needs of Gen Z employees: To attract and retain Gen Z talent, HR leaders should take the time to understand the motivations and needs of Gen Z employees, including their side hustle aspirations. This can help HR leaders create a work environment that supports and accommodates their employees’ side hustles.
5. Flexibility is key: Gen Z employees value flexibility in their work arrangements. HR leaders should consider offering flexible work hours or remote work options to accommodate employees’ side hustles while maintaining productivity and engagement.
6. Encourage open communication and support: HR leaders should create a culture of open communication where employees feel comfortable discussing their side hustles. They should also provide support and resources to help employees balance their side hustles with their full-time jobs.
7. Embrace the entrepreneurial spirit: Gen Z employees have a strong entrepreneurial spirit, and HR leaders can tap into this by creating opportunities for innovation and intrapreneurship within the organization.
Overall, HR leaders need to recognize and adapt to the growing trend of side hustles among Gen Z employees. By understanding their motivations and needs, offering flexibility, and providing support, HR leaders can attract and retain Gen Z talent while fostering a culture of