Designed by Freepik
The data released today confirming that 40% of Hongkongers run a side business is a significant milestone for HR leaders. We are no longer in a "one job for life" market; we are in a portfolio career era.
Why HR Needs to Pay Attention:
- Retention vs. Resignation: For many, the side hustle is a financial necessity (68% of polyworkers use it to cover basic costs). If your firm has a strict "no outside work" policy, you may inadvertently force your best talent to hide their activities or leave for a more flexible employer.
- The Skill Benefit: Workers running e-commerce stores or consulting projects often acquire digital marketing and CRM skills that are currently in high demand but in short supply (69% of employers say they can't find these specific skills).
- Hiring Rebound: With 34% of employers planning to increase hiring volume in 2026, the competition is no longer just with your business rivals, but with the employee’s own entrepreneurial aspirations.
Action:
Consider shifting from "Exclusivity Clauses" to "Disclosure and Non-Conflict Policies." Embracing the polyworking trend can lead to a more skilled, motivated, and loyal workforce.