The Hidden Side of Remote Work: Over Half of Employees Juggle Side Hustles On the Clock

The Rise of Remote Work and Side Hustles

Companies have long been wary of remote work, fearing drops in productivity, a disconnected workforce, and a weakened team culture. Yet, a new study uncovers a different concern: 51% of remote employees are earning extra income while on the clock for their primary job, with 58% considering it.

Gender Differences in Side Hustles

Interestingly, male remote workers are more likely to engage in side hustles, with 58% doing so compared to 42% of women.

Why This Trend Matters

This phenomenon highlights how economic pressures and evolving job structures are transforming work habits. Remote work, while offering flexibility, blurs the lines between personal and professional time, leading to new challenges in productivity and accountability.

The Popularity of Remote Work

Since the coronavirus pandemic, remote work has surged in popularity. What began as a necessity has become a staple, with 95% of professionals desiring some form of remote work, and 63% prioritizing it over salary.

Employer Concerns and Employee Benefits

Despite its benefits, employers worry about productivity. Yet, remote workers report better sleep (70%), increased productivity (66%), and improved work-life balance (90%).

The Risks of Remote Work

However, 47% of remote workers fear layoffs, a concern backed by data showing fully remote employees are 35% more likely to be laid off than their in-office counterparts.

Expert Insights

Matt Schulz, LendingTree's chief consumer finance analyst, warns, "Splitting your focus can make you less productive... The last thing you should do is keep secrets from your employer."

Alex Beene, a financial literacy instructor, adds, "Trying to take advantage of remote work ensures there will be fewer opportunities in the future."

The Future of Remote Work

With 33% of remote employees working multiple jobs, driven by the rising cost of living and the ease of managing remote roles, the landscape of work continues to evolve. The challenge lies in balancing flexibility with accountability to sustain remote work opportunities.