This was the title of a guest blog in HR News by Ben Chatfield CEO and CO-founder at Tempo.

He points out that in past generations, when stability and long-term career planning was the priority, it was typical to stay with the same employers for life.

By 2020 Millennials will comprise over 50% of the UK workforce and this is shifting the entire concept of a job. Tempo’s research revealed that over half (52%) of people between 18-34 expect to be moving jobs in the next 2 years. In fact,over a quarter (28%) of millennials have already had 5 or more jobs. The 20th Century’s 3 Boxes of Life are now definitely over for most people!

‘So it follows if companies want to continue attracting top talent, they need to embrace this phenomenon and change how they find and access employee experience. Interview processes will be shorter and more soft skills focused, testing a candidate’s ability to learn new skills, rather than simply assessing what they already know.’

Ben discusses the vast number of benefits a portfolio career can bring, and there is no cutoff point for when someone can embark on a new challenge. As a 75 year old just starting a brand new national project I would emphasise that the process is visible increasingly in all age groups.

People who have had multiple jobs are better at working flexibly in different environments and are likely to have a greater range of soft skills and a wider pool of professional contacts. Employers, in turn, will see candidates with diverse careers integrate faster and on board more efficiently.

He quite rightly states that some companies are stuck in the past, assuming job hoppers are just following the money. Tempo’s research tells a different story. Flexible working (37%),progression (19%), the role (16%), learning opportunities (16%) and office culture (13%) are actually the most important things for jobseekers.

It would be interesting to know just how much young people at school are being prepared for the new flexible life and career world.

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In July I posted  about this new phase that I was coming across called ‘side hussle’ which some people, including Henley Business School, were using almost as an alternative to the term ‘portfolio career’. From my internet researches it appears that the term is largely used to refer to a second job that not only brings in money but also allows someone the flexibility to work at an existing full time, regular job. So -not quite the same.

The motivation is mostly about testing out the possibilities of a new job or career but especially to see if you can set up and make money out of an interest that you have outside of your existing job. If that interest begins to make money then that may well be the next ‘job’ for that person. People with portfolio careers typically love doing more than one job.

That is my view anyway! Have a look at the site below”

Side Hustle Nation

 

 

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Even builders are starting to explore portfolio careers!

21 September 2018

I was fascinated in coming across an article by Chloë McCulloch in Building in which she tells us  that the people joining construction today are going to have to adapt like no generation before.They could well have to work into their 80s while knowing that many of the jobs of the future haven’t been thought […]

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How do you develop a portfolio career?

5 September 2018

Obviously by reading our book! However, a good friend of mine – Rachel Brushfield – is putting on a series of workshops and seminars around this topic. I would recommend these. Career support for you for an uncertain world  

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Portfolio and Freelance Careers in Oz

29 August 2018

Yes – the portfolio career trajectory is alive and well down under. Do have a look at a great article by Janie Barrett in which she also summarises what is happening in the US and the implications for employers. The latter have not yet fully recognised the commercial possibilities of hiring more and more free […]

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Doctors with Portfolio Careers – the next chapter.

8 August 2018

I have posted before about the increasing attractiveness of a portfolio career for doctors and this morning came across a fascinating article by Jenny Cook. In this she reports that  Nottinghamshire LMC’s ‘Portfolio Plus’ scheme, which was introduced in May 2018, helps local GPs to find opportunities for portfolio work by linking them with an […]

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Is a Side Hustle another name for a portfolio career?

5 July 2018

As many as four in 10 working adults in the UK are running ‘side hustles’ alongside their full-time career, in a growing trend with major implications for organisations, new research has revealed. According to whitepaper The Side Hustle Economy, published yesterday by Henley Business School, side hustles – defined as small businesses or secondary jobs […]

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So – just how do I make an impression?

4 July 2018

One of the skills we outline in our book as being crucial to a succesful portfolio career is the ability to network well. Many people find this daunting but – portfolio careers aside – this is a really important lifeskill. I have written much around this topic but recently came across a really useful small […]

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And now its the Vets …..

16 June 2018

In the past few months I have posted a number of times about traditional professions that are now seeing and even espousing portfolio careers for their members. It was only a matter of time before Vets began to move into this career space! See this article by Arlo Guthrie quoting recent research from the British […]

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Portfolio Careers and Gig Work

13 June 2018

I am seeing more and more articles and discussions linking the gig economy and portfolio careers. There is no doubt that some people do indeed utilise gig work to help them constuct a portfolio career for themselves. An excellent article by Katie Kuehner-Hebert explores the increasing attractiveness to age groups from millenials to boomers of […]

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