Number of New Zealand workers wanting an extra source of income amid cost-of-living concerns is on the rise, with nearly half (49%) considering taking on a second job in the next 12 months.
According to the findings of the independent Robert Half research released today (26 Sept.), the 49% of Kiwi workers considering a second job is a bellwether for this rising trend.
Data from Stats NZ also shows the number of multiple job holders in New Zealand has risen from 187,600 in Q1 2019 to 220,900 in Q2 2024 across all industries.
With 57%, Gen X are the most likely to seek an additional source of income, followed by Gen Z (56%), and Millennials (51%). Baby Boomers (33%) are the least likely generation to be considering an extra job to meet the increased cost of living, according to this survey.
The overwhelming majority (84%) of workers who have or would consider a second job do so solely for financial reasons. The reasons for remaining 16% are ‘build skills in a different field/to test a new career (9%)’, and ‘to fulfil personal goals (7%)’.
“In the current economic climate with rising cost of living, more New Zealand workers are seeking additional employment to boost their earnings and strengthen their financial wellbeing,” says Megan Alexander, Managing Director at Robert Half.
“However, taking on a second job requires careful consideration to balance financial needs with personal wellbeing. “Before taking on a second job, it’s vital for workers to honestly evaluate if they can manage the extra workload without jeopardising both their health and performance at their main job,” says Alexander.
The study, developed by Robert Half, was conducted online in June 2024 by an independent research company, surveying 501 full-time office workers across New Zealand.
– from NewsViews
