The New American Workforce Is Focused On The Worker, Not The Company
6,000,000 Americans are choosing to work part time, according to the US Bureau of Labor Statistics (BLS).
Typically young and college-educated, aka Millennials, they’re not doing so because personal or economic circumstances forced them to. But, they are abandoning the traditional career path their parents took and working just enough hours to pay the bills or pursue a passion.
Their numbers have increased 12% since Y 2007, according to the BLS, a shift with broad implications for hiring practices in the US.
In the past the workforce was organized around the “Company.” The workforce of the future is organized around the Worker.
Businesses keen to tap this pool of well-educated Millennials are tailoring jobs to individuals, not the other way around.
More than 20-M Americans are working less than 35 hrs a week for “non-economic reasons,” according to the BLS. Meaning that it’s a deliberate choice, not because they cannot find full-time jobs, 67% of the 20-M are working part time because they have family obligations, are attending school, or are semi-retired.
33% are the 6-M mentioned above, many of them people who are working part time because they do not want to commit to one job or employer. No one knows if the trend will endure or will become more widespread. But if more and more Americans choose this career path, companies will have to adapt.
In interviews, workers in their 20’s and 30’s describe watching their parents commit to one employer for their entire careers, only to lose their jobs after the financial crisis. Or working in a job they did not particularly like to pay the bills or chase the American Dream. They do not want to be that person.
By Y 2020, as much as 40% of the workforce may be working part time.
A host of services have emerged up to serve the growing numbers of American part-timers.
The Freelancers Union, founded in Y 1995, last year added a new system coordinating health insurance, dental, retirement plans, and other services to 263,000 members who are freelancers, part time or otherwise not employed by a traditional company.
The perfect job is not one job, one company, it is a mix, it is Freedom.
Stay tuned…
HeffX-LTN
Paul Ebeling
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