A new study has revealed the generations most likely to hold multiple jobs, with Millennials and Xennials topping the ranking.
Company formation experts at StartFleet.io analysed data from the Bureau of Labor Statistics to determine the age categories with the highest number of individuals working multiple jobs in 2023.
The study found that those aged between 25 and 54 are the most likely to work two jobs at once. This age category primarily consists of Millennials and Xennials, with some overlap with Gen Z. According to the research, 5,441,000 aged between 25 and 54 worked multiple jobs in 2023.
Individuals aged between 55 and 64 are the second most likely to hold multiple jobs. This age category primarily consists of Baby Boomers, with only some overlap with Gen X. The study found that 1,303,000 individuals aged between 55 and 64 worked multiple jobs at once in 2023.
Those aged between 20 and 24 were revealed to be the third most likely age group to work two jobs at once, with 700,000 individuals working two jobs at once in 2023. This age category is primarily known as Gen Z.
Report reveals those aged 65 and over are the fourth most likely to work multiple jobs simultaneously. In 2023, 441,000 individuals within this age category worked multiple jobs at once. Individuals aged between 16 and 19 are the fifth most likely group to work two jobs at once. In 2023, 202,000 individuals within this age category were revealed to have multiple jobs.
Data shows that women are more likely to work two jobs at once than men. In 2023, 2,754,000 women aged between 25 and 54 worked multiple jobs simultaneously, in contrast to 2,687,000 men.
The generation with one of the biggest gender gaps is Gen Z. In 2023, 261,000 men aged between 20 and 24 worked multiple jobs, as opposed to 439,000 women.
It’s not against the law to be employed by two companies at once. However, with the on-going cost-of-living crisis, it’s becoming increasingly common for people to work multiple jobs to make ends meet. However, it’s important to ensure you’re not breaching your company’s contract by working two jobs simultaneously.
If you’re found to be in breach of contract, companies are permitted to terminate your employment. Because of this, it’s important to thoroughly read your company’s terms and conditions before seeking secondary employment.
Pursuing secondary employment can provide valuable experience in various industries, from freelance writing to customer service. Working two jobs simultaneously allows you to work on multiple projects and develop vital career skills. However, it’s essential to acknowledge that working two jobs at once does come with a significant share of risks and setbacks.
Working two jobs at once elevates your risk of burnout, resulting in mental and physical exhaustion. In physically demanding industries, such as construction or farming, this level of fatigue can place both your own and others’ health and safety at risk.
Seeking secondary employment can also increase stress levels, which can negatively impact physical and mental health. This will also negatively affect work performance, reducing the quality of your output.
Secondary Employment Considerations;
- Be realistic about workload and deadlines.
- Set boundaries and carefully examine your schedule to determine whether adopting another position would negatively impact your primary job.
- Keep both positions entirely separate to ensure that your responsibilities don’t merge.
- Communicate with employers about the possibility of taking up a second job. You may find that employers have reservations about seeking out secondary employment or they may offer more flexible working hours.
- Manage time effectively by avoiding procrastination and focusing on urgent tasks first.
- Look after your mental and physical health and recognise the signs of burnout and know when to take a step back from your secondary employment.
Joe Thong, the spokesperson for StartFleet.io, said: “Unfortunately, as the cost-of-living crisis continues, we are witnessing an increasing number of people working multiple jobs at once. This rapid increase raises concerns about work-life balance, mental health, and long-term sustainability. Ultimately, working two jobs at once can significantly impact both mental and physical well-being, especially when it comes to maintaining a healthy sleep schedule and a reliable relationship with friends and family. This study also raises awareness of the evident gender gap between men and women working two jobs at once. This can be linked to the rising concern of the gender pay gap, which often causes women to seek out secondary employment to make ends meet.”