Employers across the country are increasingly choosing to hire more part-time workers and less full-time workers when building their workforce, resulting in many workers considering if part-time is the right option for them.
Advantages of Working Part Time
More Free Time
Undoubtedly the most significant advantage of working part-time is the increased free time, which you may choose to spend numerous ways such as expanding your skillset and qualifications independently or dedicating to more time towards family members.
Reduced Stress Levels
According to certain studies, employees who work full time are more likely to feel burned out with less time to dedicate to exercise and leisurely activities. Part-time work typically benefits from increased flexibility, which is proven to reduce stress-levels in the workplace and contribute towards a healthier work-life balance.
A part-time job can provide you with valuable experience and training in an unfamiliar industry as employers may be initially reluctant to offer a new role out full-time. It can also provide you with the opportunity to earn a higher overall salary, with some workers choosing to work two part-time roles instead of one, sometimes drawing in a higher income combined.
Another advantage of part-time work is the benefit of saving money. Spending less funds on expensive commutes to and from work by working fewer days in the week will mean more cash in your wallet. You may also save money on your car insurance premium, with many insurers offering a lower price compared with those who use their vehicle every day.
Working Part Time vs Full Time
1 in 4 employees now work 30 or fewer hours a week, but when choosing between working part-time and full-time there are important factors to consider. Whilst there is no specific number of hours that results in someone classed as full or part-time, usually a full-time worker will work 35 hours or more a week.
Before you decide on your future, consider you need to ask yourself these questions:
Can you afford to work part time?
The most important question to ask yourself is if you can live comfortably on a reduced wage. Before coming to a decision, it is a good idea to draw up a budget based on your current living expenses such as rent, utility bills and commuting costs. Comparing this with a lower salary from part-time work to gain a realistic insight into life on a reduced income.
This may help identify area’s you can make cuts to your outgoings but also remember to consider your reduced ability to save or contribute towards a pension.
Are part time role available for the type of work you do?
You need to find out if there is part-time work or vacancies in the type of work you aspire to do. There is a variety of role types, hours and salaries across different industries but trying to find part time work in some sectors can be difficult.
Be prepared to spend longer searching for that perfect role, particularly in areas that traditionally rely on a full-time workforce. An alternative may be consider asking for additional flexibility in your current role, such as working from home a couple of days each week.
What are your priorities?
Consider your motivation for change – is it to spend more time with the family or is it to focus on other ambitions. You may be considering only working part-time for a short period or making the switch from full-time work long-term.
Whatever your motivation may be, it is important to understand your priorities may change over time and be prepared to spend longer working your way back up to full. Some research suggests 73% of part time workers have not been promoted since reducing their working hours.
For further information about the different types of career opportunities, check out our page for advice on which career is right for you.