Are Full-Time Jobs Too Risky?
The weak job market has forced some workers into contract jobs or multiple part-time gigs to make ends meet. Some workers are embracing this new model, which allows more flexibility and a variety of work experiences. In fact, some people consider a traditional 9-to-5 job a liability.
A recent New York Times article notes that full-time employment ties a worker to the fate of one organization. If things go south, all income stops until the next job comes along.
On the other hand, contractors, part-time workers and freelancers always have a hand in some type of employment. They are less likely to show major gaps in employment on their resumes, they stay connected to their fields, and they keep up to date on changes in technology and work practices.
As I read the NYT article, I wondered, “What is the impact of a new employment model that doesn’t favor full-time permanent positions?” Will employee loyalty suffer? How will benefits administration, retirement savings and training be administered?
On a broader scale, will the growing number of workers in temporary positions hurt the economy? If most work is temporary, will people have the confidence that they can make ongoing payments on cars, houses and other large consumer goods?
There’s no doubt that the last recession changed American workers’ viewpoints on employment, company loyalty and engagement. Now it is HR’s challenge to navigate the new world of work, strike a balance between organizational needs, and determine how to win back the confidence of workers.