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How can I manage employees who have a side hustle?

How can I manage employees who have a side hustle?

Side hustle

Tick HR side hustle

A recent study by Aviva has shown that 19 % of employees have started a side hustle. A side hustle is a secondary job or hobby.

There are many reasons why someone would want to start a side hustle – maybe they’re struggling to make ends meet, have a particular hobby or skill they can monetise or simply want to save up a little more money. 

Employees are not obliged to inform their employer of any side hustle. This is unless their contract of employment requires such disclosure.

Employers are not responsible for or expected to regulate what employees do outside of their working hours. What they do in their own time is largely their own business, so long as it doesn’t interfere with the business’ legitimate interests or pose a conflict.

Benefits of employees working on side hustles.

  • Employees could bring new ideas to the organisation.
  • An employee may be more innovative, proactive and organised.
  • Employees may be more content with their current pay.

Why could side hustles concern employers?

  • Risks of employees resigning.
  • Employee’s performance due to insufficient rest time.
  • Using company equipment or products.
  • The side hustle involves a competitor.
  • It starts to interfere with the employee’s duty to the company.
  • The side hustle may bring the employer’s business into disrepute.
  • The side hustle could be within the same sector as their main employment.

Should I have a side hustle policy?

With more employees now having a side hustle, employers need to be more supportive. A side hustle can be a good thing as long as it doesn’t involve working for a competitor or doing anything that will damage the main employer’s business.

Once you decide that it is time to set some parameters around what your company can tolerate in regard to employee’s side hustle or other activities, you might want to adopt an official policy to ensure everyone within your company has knowledge of what is expected.

Creating a side hustle policy

You want to protect your business but at the same time want to have happy employees. Its time to establish clear limits on what is and isn’t allowed.

A conflict of interest doesn’t have to be the company as a whole. It could refer to a conflict with the duties an employee is expected to perform at work or a conflict with their scheduled work hours.

Examples of things to include in a policy:

  • Making sure their side hustle is not done in their contractual hours of work.
  • The use of company equipment – computers, vehicles, mobile telephones, workspace, office supplies, even property owned by the company.
  • Using company information – copyrighted or trademarks.
  • Contacting the company’s customers and employees or anyone known to the business that would help further the side hustle.

With every business being different with different needs, it is vital that the policy is tailored and outlines what is seen as a violation that could affect the company.

 

 

 

 

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