More than half, or 58.2%, of UK workers are planning to take on a side hustle this year, according to a survey from CV-Library. 

The survey’s 58.2% figure is driven by the twin priorities of job security (62% of workers said) and earning more money (38% of workers said).

Meanwhile, according to CV-Library, with the world’s biggest trial of a four-day working week hailed a breakthrough success (56 out of 61 of the companies involved say they would continue offering a shorter week), more companies are predicted to follow suit.

Employees following this working pattern will gain an extra day a week, which could be used to turn passions into side hustles, CV-Library noted.

“This might also fulfil the aim of keeping a main job secure while providing new ways to scratch a creative itch and supplement income amidst the cost-of-living increases,” the survey stated.

Lee Biggins, founder and CEO of CV-Library, said, “As the economic uncertainty looks set to continue, it’s understandable that so many employees are considering new ways to supplement their income while prioritising their job security.” 

Biggins continued, “With unemployment levels at record lows, supporting employees’ side hustles could boost staff loyalty and help retain key talent. However, there are grey areas that businesses need to be mindful of, particularly for those operating a four-day week. The benefits of increased motivation, productivity levels, and mental health along with reduced sickness levels could be counterproductive if staff are dedicating their downtime and attention to a side hustle.”