A report by Henley Business School reveals that 39% of those in employment ‘side hustle’ by running a small business or secondary job in addition to their main career, to meet a financial need or to fulfil a passion, and ‘side hustling’ generates income worth £72 billion, or about 3.6% of UK GDP. The research involved 500 business leaders and 1,100 working people. 64% of businesses reported that they felt prepared for this way of working, but less than half have policies in place. Only 30% record and monitor side-working and only 26% require their staff to notify them of this activity. The reports suggests that a formal policy on side-hustling within employment contracts is essential, because, where flexible/home working is in place, staff could be conducting their own business on company time, and using company property, resources and data to do so.

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