The global growth of the side-hustle necessitates some careful thought about whether, and how, companies should support their employees who practice an income-generating activity alongside their day job. Millennials don’t have exclusive rights to the side-hustle, but the millennial hustle is an increasingly common practice.
Side-hustling can belong to two broad categories:
Should I support my millennial employee’s side-hustle?
The short answer: yes! Definitely.
To give you a longer answer we’ve been inspired by the Global Entrepreneurship Index, and particularly looked at the components of the entrepreneurship ecosystem. Have a look here at the original GEI report for details.
That sounds awesome! So how can I support my millennial’s hustling?
It’s great that you’re on board with the hustle. Have a look at the questions below and consider your answers. Focus on a quick-win solution for your first-step.
- Can you offer your millennial hustlers mentorship or coaching from seniors and execs? How easy will it be to get some champions to buy-in?
- Are you able to facilitate networking opportunities for your millennial hustlers? What’s stopping you from setting up a speak’n’snack?
- Does your organisational environment foster an innovative, creative, and entrepreneurial culture? How can you shift your organisational culture into this direction?
- Is there scope for you to run skills-shares, trainings, or other developmental interventions for your hustlers? What human and material resources do you need to make this a reality?
If you’d like to discuss your answers with us, connect with us at firstname.lastname@example.org and let’s take the conversation further!