This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Least Part-Time Workers Want From Employers

NEW YORK ( TheStreet) -- Employing part-time workers is one of the fastest-growing trends in the U.S. economy, although many economists would argue it's a trend that's bad news for those workers and the economy.

Either way, the U.S. Bureau of Labor Statistics says the number of employees willing to work part-time has risen by 80 percent, to to 7.9 million, since 2006.

On a statewide basis, part-time work is off the charts. California, for example, has seen its part-time "involuntary" employment figures swell by 126 percent over the same period, to 1.3 million. Florida and Nevada report similar figures.

The trend is all about cost savings to companies. The vast majority of part-time workers don't qualify for health care benefits and retirement plans, and that saves companies from having to pay for those costs, says Elizabeth Cogswell Baskin, president and CEO of internal communications agency Tribe, an Atlanta employee culture and engagement services firm.

Cogswell Baskin says that recent changes in health care laws are moving many industries, including hospitality and retail, toward hiring part-time workers instead of full-time ones. Many companies are even cutting part-time workers' hours to 29 hours a week "to avoid paying health insurance required of those working 30."

"Because of those reduced hours, employees may be forced to take on two or more part-time jobs," she says.

What are part-time staffers getting out of the deal -- aside from 15 or 20 hours of work per week? And what do they want from their employers to keep them engaged, productive and reasonably happy?

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $127.60 0.00%
FB $83.09 0.00%
GOOG $535.38 0.00%
TSLA $205.27 0.00%
YHOO $44.66 0.00%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs