Good News for Entrepreneurs

There's good news for entrepreneurs who need help but aren't ready to hire full-time employees. Between January and July 2004, the ranks of part-time workers grew from 24.3 million to 25.5 million according to the Agency of Labor Statistics. It was also learned that from June to July the increase came from people who treasured to work part-time and not because they couldn't find full-time employment.

It seems that 1.7 million part-timers hold two or more part-time jobs, and do this by choice. Such workers will be harder to convert to full-time employees because they like the multifariousness of different jobs.

This all translates into benefits for the enterpriser who needs help but can't hire full-time employees. The employment gurus don't anticipate this part-time penchant to pass anytime soon. It seems that the appeal of a reduced schedule is potent both for seniors and baby boomers nearing retirement. Parents who have interrupted careers to care for their children but still want to work may also explicate the boom.

Entrepreneurs should eagerly look to this pool of workers and eagerly employ part-time help. A big reason is that employer-paid health insurance and other benefits add cost equal to more than 50 percentage of the average employee's gross earnings. A part-time employer can get by with a low-cost factor, and still find someone authentic and effective.

Looking at the boom of part-timers seems like a win-win position for entrepreneurs and workers alike. Check the prospect out with your comptroller and you may find that you come out a winner and less distressed.

Posted on May 26th, 2008 by Marisa Levine

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