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While the job market for full-time work may be cooling and flat, part-time work is on the rise and US companies are starting to jump on board.
According to Indeed's Hiring Lab report¹, demand for full-time workers on jobs sites, such as Indeed, have been flat from January 2022 to May of this year, according to a recent analysis of millions of job postings, but advertisements for part-time gigs were up about 10% over the same period. Postings for those kinds of jobs took off in 2022 and have remained near those elevated levels ever since.
While the data still shows favorability for full-time work, the idea of job security as it relates to this type of work is just becoming seemingly more unrealistic and a thing of the past.
The trends that part-time opportunities are growing in comparison to full-time roles is still hard to suggest that this is the future state of work, but still strong enough to consider that this new work trend may not just be a response to the current job market.
Based on the report by Indeed’s Hiring Lab, the mix of service and corporate roles that have also gained more flexibility has seen one of the largest changes, following Beauty & Wellness jobs rising by 26.8 percentage points over the past two years. In addition, the marketing industry came next with a 10.2 percent growth, with hospitality and tourism, media and communications, and arts and entertainment following similar trends in part-time work.
The labor market, as it always seems to do, will bounce back after this coming year, but it’s important to consider these trends and important indicators. With a changing economy and changing workforce, especially as part-time work becomes redefined in this newer way of working and employment, the landscape and what employees are looking for and even more open to could start to look very different.
So how do you even go about your part-time hiring strategy? We're glad you asked! Here are some key considerations:
Project-based work
Companies all have strategic projects that need support or specific skills to drive projects, help get over a hurdles, or even just help take to the finish. Bringing in part-time workers can help alleviate costs depending on the scope of the project such as roadblocks or scope creeps that might not warrant full-time headcount.
Roles with "black & white" outputs
Within some disciplines, depending on the roles and hierarchy within the organization, have very specific outputs and deliverables. While companies are always challenging their employees to "think strategically", at the end of the day, specific tasks need to be done on a timely and even cadenced basis, making part-time work perfect for these scenarios.
Test & Learn
Not sure if an idea or project will withstand the current economic landscape or have a hard time defining the longevity of it? Whatever uncertainty you may have, it will require someone to help execute, so having part-time work support a scenario like this might be a good option. Not only does it save you money, but with specific objectives, it also provides transparency to those joining the team to assist.
A way to (actually) help individuals upskill
Companies want to help their employees in their career growth and learn new things, but most would argue it's not usually the priority. It's harder more than ever to constantly deliver KPIs and stay ahead, while trying to upskill your current workforce, so what do you do? Part-time workers who have similar or transferable experience are absolutely valuable for roles like these and opens up opportunities for upskilling on-the-job, without major costs to the business.
Employee leave (and no, we don't mean adding work to other employees...please!)
Employee leave happens, whatever the reason, and it's up to the organization to accommodate as such. Depending on that individuals's scope of work or what other employees on the team can help with, part-time might make sense for you and the team! (but please weigh the options of this AND full-time contract work! We don't want already full-plates to be fuller! No one wins in that scenario!)
Partnering with staffing and recruiting agencies who specialize in specific skill sets, can not only find talent quickly and reduce the risk, cost and liability of having W2 employees, but are able to ensure a quick onboarding and thought out success plan so the return on your investment (ROI) is easier to recognize earlier on.
Whether you’re looking for part-time work or you’re considering part-time work as part of your hiring strategy, we’re here to help! Let us help you address what you need now, while planning for the future ahead. Schedule a free consultation with our team today.
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