subject: Second Job - Pros and Cons [print this page] Second Job - Pros and Cons Second Job - Pros and Cons
RemoteSecondJobs suggest weighing the cons & pros carefully before you take on a subsequent job.
Pros
Security: "Many professionals today are looking at second jobs as a fallback because they feel, correctly, that their main job is not completely safe," according to John McKee, president and founder of BusinessSuccessCoach.net and author of Career Wisdom.
Money: That's still the biggest reason people take on extra work. And with gas prices and health insurance premiums on the rise and many incomes frozen,extra income can be a lifeline.
New Skills: If you're thinking about switching careers but can't take the plunge, taking a part-time job could be a way to test the waters or boost your entrepreneurial skills,
Freedom: A second job or career can bring psychological benefits, such as the feeling of not being shackled to one company, experts say.
Cons
Conflict of Interest: Consulting for a direct (or even indirect) competitor can put you in a dicey situation, according to J. Daniel Marr, managing director of the New Hampshire law firm Hamblett and Kerrigan. "This is a big issue in software and industries where you use part of what you learned from your primary employer," says Marr. "Employers insist they have rights to your intellectual property."
Time: Since you've been operating sort of a dog for the past week, you will find that you do not have the maximum amount time as you used to. You so create use of the weekends to catch up on your sleep and reenergize yourself for the approaching workweek ahead, limiting some time with friends and family.
Performance Slippage: One reason many employers look askance at moonlighters is the fear that they'll burn out. Some companies may demand your full-time attention, even off-hours.
Tips for Making It Work
If you are considering a second job, the experts add these three tips:
Pick an Unrelated Field: You'll cut back the chance of burnout and conflict of interest. A nurse who builds websites on the aspect, a selling skilled who teaches music or an insurance adjuster who moonlights as a landscape architect would be safer bets.
Check with HR: Many companies have moonlighting policies. But even if they don't, it's wise to see if your second job might be a conflict, especially if you're considering a professional part-time job or one that's related to your full-time job, Marr says.
Consider Why You're Doing It: "Supplementing income is fine, but it's best if a second job is part of an overall life and career plan," McKee says. "Otherwise you risk scattering your resources."
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