January 27, 2023
The Future of Part Time Jobs And Emerging Trends
The pandemic has had a great impact on the world of work and both companies and workers are now navigating new platforms and opportunities that suit the changing business needs. Many do not want to return to the way it was in the pre-pandemic times and that kind of shift may not even be possible in certain industries. Jobs are now more focused on specificity and flexibility. Therefore, there has to be a significant restructuring of what jobs across industries look like and how they need to be approached.
Part Time Jobs: 2023 and Onwards
There has been a rise in part time jobs. Workers seem to be preferring such jobs as these ensure better work-life balance and increase productivity. With more and more gig jobs being made available, there has been an increase in both opportunities and pay, and this is sure to improve further in the future. Companies are finding this beneficial as a flexible workforce allows them to recruit from a pool of global talent and also means lower associated costs in the future. Thus, the world of work in the coming years will include more part time jobs, freelance opportunities, and greater changes in terms of talent mobility and management.
Emerging Trends in the Part Time Jobs Industry
Here are the top five trends that will shape the part time job industry this year and in the future.
This trend has begun since the post-pandemic times and is only going to gain more momentum in 2023. As the concept of an office or a workspace gets redefined, companies are now looking to employ a global workforce that will function in a hybrid set-up. This is also going to lead to more part time jobs that are going to be available for those who want to work remotely. As the workforce evolves, so will management processes. In a hybrid workforce, it is essential to ensure seamless management of recurring functions, work that is spread across a larger gig workforce, and part time workers who have been onboarded for project-specific or time-sensitive work. This is why most employers will be focusing on customisable SaaS tools for managing their hybrid workforce.
For the longest time, hiring was done based on the candidate's educational degrees. While that is still the case in many sectors, organizations are now moving towards skills-based hiring. This means that you will be hired based on your experience or your ability to complete certain tasks, and not on whether you have a degree on a particular subject. However, education qualification or at least a working knowledge of specific concepts and processes are still important as that will ensure you are able to hone your skills. This is also why young individuals who are starting out and looking for their first jobs are trying to land internships. Work internships help you understand your field and come up with solutions for real-world problems. The trend of skills-based hiring is driving young candidates to seek such opportunities and become experts in their areas of interest.
Flexibility in Time and Location
The workforce is now becoming global and this is only going to grow in the coming years. Therefore, there has to be a mobility of talent. As companies continue to hire part time workers from across the world, there needs to be flexibility in terms of work hours. Changes in location will directly impact changes in hours. Many workers in India are now getting hired by companies in Europe or the Americas. Companies in central and Southeast Asia may hire individuals based in western countries as well. Thus, there has to be flexibility in both time and location. This will foster better collaboration and enable talent to flow across different jobs. This trend will also allow the young workforce to focus on multiple jobs at the same time.
Usually, part time jobs are for individuals who come into a project and focus on their bit. However, in recent times, companies have been looking to hire all-freelancer teams for specific projects. These teams will work part time for a particular company on specific projects and there will be little to no internal intervention. There may be a lack of internal expertise and this is where the company will bring in an all-freelancer team. Now, this is similar to outsourcing tasks but with the rise in freelancer or part time worker intelligence, it is now going to be possible to get such teams to focus on certain aspects of a larger task, instead of having to outsource the whole project. This also ensures scope for better collaboration among the internal and external teams and a rise in opportunities for part time workers.
Increase in Pay and Benefits
Earlier many people did not prefer part time jobs as these did not come with the same kind of benefits and pay as much as regular office jobs. However, the situation has been improving and in 2023, you can expect to see better pay and more benefits for part time workers. Due to changes in business structure, employers are now focusing on part time workers who can work on specific projects and ensure quicker and more efficient outcomes. This creates more opportunities for such workers, thus enabling them to ask for higher pay. In the future, you can expect to see the workforce reach a point where organizations ensure that both part time and full-time employees have access to resources that can help them reach their potential. Many employees will also begin to provide benefits like personal accident insurance, health insurance, and maternity leave for part time workers.
As part time work opportunities grow, the demand for digital tools will also experience a significant rise. This is because technological solutions such as digital transformation or AI will help to ensure seamless collaboration and integration of global talent. It will also help part time workers to complete their tasks without intervening or disrupting processes that have already been set into motion by the internal team. Therefore, implementation of technology will impact part time jobs in 2023 and beyond.
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