Latest news with #multiplejobs
Independent Singapore
2 days ago
- Business
- Independent Singapore
Struggling to get by: 3 in 5 Singaporeans living paycheck to paycheck, many juggle multiple jobs to stay afloat
Photo: Depositphotos/ Shadow_of_light (for illustration purposes only) SINGAPORE: A recently published report from global payroll and HR solutions provider ADP featured in a Singapore Business Review article reveals a staggering truth for Singapore's workers — in 2024, 60% of workers subsist on paycheck to paycheck, a number remarkably higher than the normal Asia-Pacific regional average of 48%. This statistic, culled from the all-inclusive People at Work 2025 report plotting over 38,000 employees in 34 nations, emphasises escalating financial burden among Singapore's workers amid increasing living costs. The rise of multiple jobs: Juggling livelihoods and aspirations More than one in four employees in Singapore (26%) are working several jobs, a trend driven both by necessity and ambition. The report disclosed that for many employees, engaging in supplementary work allows them to meet their basic day-to-day expenditures, and for some, it enables them to save for their retirement. Many others juggle jobs in order to pursue professional advancement, for added experience, or to fund their higher education aspirations. A considerable number of workers also said that they are holding various jobs to provide for their dependents or compensate for the lack of permanent jobs. 'This multi-job phenomenon reflects a workforce grappling with economic realities on multiple fronts,' clarifies Richardson Nela, ADP's leading economist. 'Yet nearly two-thirds of those juggling three jobs still struggle financially, pointing to the urgent need for employers to rethink compensation and support.' Employers and policymakers called to action amid economic challenges The report's conclusions come at a time of tenacious inflation, escalating housing costs, and fluctuating employment scenarios in Singapore and the larger region. Authorities caution that these strains call for a wide-ranging resolution from business owners and company managers, including reevaluating pay structures, improving employee benefits to boost productivity, and developing career growth prospects. With today's swelling cost-of-living challenges, the People at Work 2025 report serves as a serious heads-up and a call to action, not only for businesses but also for legislators and politicians, including social organizations tasked with nurturing economic flexibility and guaranteeing viable sources of revenue for workers in Singapore's shifting economy.
Times
21-05-2025
- Business
- Times
Even America's elite professions are turning to side hustles
I am no longer surprised when I encounter a full-time professional in America with a second career on the go. So far this year, examples have included a media lawyer who is also a real estate agent; a hospital lab technician with a coding gig; and a lawyer with a TikTok business account. Rising costs and house price inflation, combined with more flexible working policies since the pandemic, have created fertile ground for the ascent of the side hustle. Last month, 8.8 million Americans reported working multiple jobs, or 5.4 per cent of the employed population, up from 7.8 million in 2019. A MarketWatch survey of 2,000 adults, published in April, found that 51 per cent of Americans have a side hustle, including 72 per
Times
20-05-2025
- Business
- Times
America becomes a nation where media lawyers need a side hustle
I am no longer surprised when I encounter a full-time professional in America with a second career on the go. So far this year, examples have included a media lawyer who is also a real estate agent; a hospital lab technician with a coding gig; and a lawyer with a TikTok business account. Rising costs and house price inflation, combined with more flexible working policies since the pandemic, have created fertile ground for the ascent of the side hustle. Last month, 8.8 million Americans reported working multiple jobs, or 5.4 per cent of the employed population, up from 7.8 million in 2019. A MarketWatch survey of 2,000 adults, published in April, found that 51 per cent of Americans have a side hustle, including 72 per
