Half of employees taking on extra jobs as recession bites

A third (32%) of UK workers are planning to do temporary work on top of their existing job as a way to top up their income in the face of sharply rising costs, according to research by Indeed Flex, the online marketplace for flexible workers. Workers in London are the most likely to take up temping. Nearly a fifth (17%) of those planning to do temporary work as a result of the rising cost of living are in the capital, while 12% are in North West England, 11% in the South East and 10% in the West Midlands.

Half of UK workers (52%) are already doing temporary work, or are planning to temp, as a direct result of the surging cost of living1, according to research*.

A national survey of UK workers found that a third (32%) are planning to do temporary work on top of their existing job, as a way to top up their income in the face of sharply rising costs. 

Meanwhile, a fifth (19%) of those polled already do temporary work, with 11% planning to take on a few more shifts and 8% intending to do a lot more shifts. 

Consumer prices rose by 9.4% in the 12 months to June, with the surge in inflation caused predominantly by the spiking cost of energy, food and fuel2.

Flexible work is a quick and easy way for people to top up their income; thousands of employers are looking for extra workers on an ongoing basis, and temp workers can choose shifts that fit around their existing schedule. 

Of those already doing temporary work, or those planning to, 69% said topping up their income is their number one reason for wanting to take on extra shifts. 

Workers in London are the most likely to take up temping. Nearly a fifth (17%) of those planning to do temporary work as a result of the rising cost of living are in the capital, while 12% are in North West England, 11% in the South East and 10% in the West Midlands. 

One in 10 (11%) of those already doing temp work, or planning to, say their number one reason for temping is because they enjoy having the flexibility to choose the days and hours they work. Meanwhile 6% say the pay they earn as a temp beats what they would make in a comparable permanent position, and that this premium is their primary motivator for doing temp work. 

Selling old clothing is the most common way people have tried to make extra money on the side, with 49% of workers having done so. Nearly two in five (37%) have also sold furniture or other household goods to make extra cash, and over a fifth (22%) have asked their employer for a pay rise.

Novo Constare, COO and Co-founder of Indeed Flex, said:
“Temporary work has always been popular because of the flexibility it offers, with temp workers having the freedom to choose their own hours, and the luxury of being able to fit their work around their lifestyle.

“However the financial benefits of temping have been thrust centre stage by 2022’s cost of living crisis. As millions of Britons see an increasing proportion of their income swallowed up by the surging cost of living, temping offers an instant way for them to top up their earning power.

“Our research reveals that many workers have sold unwanted clothing and household goods to bring in extra cash, but temporary work is a more reliable and immediate source of income for those who need a financial boost.

“Importantly, temps can choose the hours that suit them, meaning they can fit shifts around an existing part-time or full-time role, or around other life commitments.  

“Those taking on extra shifts, or doing temporary work for the first time, are also proving to be a lifeline for businesses struggling to find enough staff to fill vacant roles. Temps enable employers to fill shifts at short notice and cover staff absences, while also providing vital extra support during busy periods.”

*Research by Indeed Flex

www.indeedflex.co.uk

    Read more

    Latest News

    Read More

    Will HR be the last human job?

    10 October 2024

    Newsletter

    Receive the latest HR news and strategic content

    Please note, as per the GDPR Legislation, we need to ensure you are ‘Opted In’ to receive updates from ‘theHRDIRECTOR’. We will NEVER sell, rent, share or give away your data to third parties. We only use it to send information about our products and updates within the HR space To see our Privacy Policy – click here

    Latest HR Jobs

    Other roles you may have experience of could include; Charity Finance Manager, Head of Finance, Finance Team Leader, Finance Analyst, Senior Finance Manager, Interim Finance

    To provide a high level of support to the Global Director of HR and the Heads of HR. Meeting management, such as Global HR meetings.

    Other roles you may have experience of could include; Charity Finance Manager, Head of Finance, Finance Team Leader, Finance Analyst, Senior Finance Manager, Interim Finance

    Headquartered in Charleston, South Carolina, Greystar manages and operates more than $290 billion of real estate in 247 markets globally with offices throughout North America,

    Read the latest digital issue of theHRDIRECTOR for FREE

    Read the latest digital issue of theHRDIRECTOR for FREE