Assistance For Entrepreneurs
There is great news for entrepreneurs who need help but aren’t ready to make use of full-time employees. Around January and July 2004, the ranks of part-time employees went up from 24.3 million to 25.5 million according to the Bureau of Labor Statistics. It was also seen that from June to July the increase came from individuals who wished to work part-time and not because they couldn’t find full-time employment.
There are about 1.7 million part-timers who have two or more part-time jobs, and do this at their own free will. Such workers will be harder to convert to full-time staff because they like the variety of having 2-3 jobs.
This all translates into benefits for the entrepreneur who requires help but can’t appoint full-time employees. The employment gurus don’t expect this part-time preference to pass anytime soon. It seems that the appeal of a lowered schedule is solid both for seniors and baby boomers nearing retirement. Parents who have interrupted careers to care for their children but still would like to work can also explain the boom.
Entrepreneurs should eagerly look to this pool of workers and eagerly hire part-time help. A big reason is that employer-paid health insurance and other benefits add costs equal to more than 50 percent of the normal worker’s gross earnings. A part-time employer can get by with a low-cost factor, and still come across someone reliable and adept.
Looking at the boom of part-timers seems like a win-win situation for entrepreneurs and workers alike. Check the prospect out with your accountant and you can find that you come out a winner and less agitated.
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