Side gigs are booming in popularity. It’s easier than ever to set up a small side business alongside your day job.
However, some employers aren’t always happy to hear that their employees have got their own thing going on. One of the fears is that they’re going to quit their job once their side business gets big. Other people worry that they’re going to work for their competition.
However, side gigs are not going away and there are actually a few benefits to being more open and encouraging of them.
Employees are improving their skills
While most employers will be wary of any cross over between a day job and a side gig, this can actually be beneficial. While working on something in their own time, employees will be improving their skills. This could make them better at their jobs and therefore better for your business.
They show initiative
If you know that your employee is working on their own business, you know that they’re going to bring that initiative and dedication into your business too. People like this are an asset to your company and you should value them as such.
Transparency will let you make sure there are no conflicts
Encouraging transparency between you and your employee means that they’re more likely to share what they’re up to. This is important so you can make sure there are no conflicts of interest. Obviously you don’t want them taking business away from you. That open dialogue will help you come to some kind of compromise if necessary.
Knowing that you support them will make your employee feel less like they need to keep it a secret and sneak around on their lunch break.
They’re more likely to keep both
While there’s a risk they may end up quitting their job, being supportive of them is going to make them less likely to want to leave. You don’t want to find out about their side gig and give them an ultimatum because that runs the risk of them picking the side business. Supported employees will feel more comfortable staying in the role.
Your employees will feel supported
A good boss is supportive and helps to create an atmosphere where workers are open and feel comfortable. This makes them better at their job, not stress.
If they know telling you will lead to bad feeling in the office, they’re more likely to keep it to themselves. If you respond negatively when they tell you about their side gig, they’re more likely to want to leave the job entirely and work on their side gig.
Would you encourage your employees’ side gigs? What would make you think twice about doing so? Let us know what you think.
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About The Author
An experienced business and finance writer, sometimes moonlighting as a fiction writer and blogger.