The Benefits of Part-Time Employees and Job Shares

http://blog.hr360.com/hr-blog/the-ben...

Video Highlights:
00:01 According to the Bureau of Labor Statistics, 25 million U.S. workers are considered part-time. While some of these individuals are unable to find full-time work, four out of five part-timers are doing so for non-economic reasons.

01:08 The federal government’s Office of Personnel Management, or OPM, outlines some of the benefits the agency sees to hiring part-time workers. These include attracting and retaining highly qualified or uniquely skilled employees who may not be able to (or choose not to) work a full schedule; providing coverage during recurring workload surges; reducing overall employment expenditures; and supporting diversity goals.

01:32 The flexibility inherent in part-time employment makes it an attractive arrangement for employer and employee alike.

01:50 Part-time work has the potential to be extremely satisfying for employees. A survey by The Boston Consulting Group of 200,000 workers around the world ranked the top three contributors to happiness on the job as appreciation for their work.

02:11 Job sharing is another option for engaging part-time employees, one in which two workers split the duties of a single position. This arrangement works particularly well with positions where there is a clear delineation of duties or coverage.

02:43 It is essential with a part-time or job-sharing arrangement that hours and duties be spelled out in writing. The rules for calculating what constitutes a part-time position, classifying a position as exempt or non-exempt from overtime requirements, and complying with all relevant wage, employment, and benefits laws will depend on the individual job and state in question.