We have always known that in theory a portfolio career can also pave the way for a portfolio lifestyle. I tend to come across more women with portfolio careers than men but then it is very difficult to find any real stats on this. However, a fascinating new report, Working Futures, published by the UK Commission for Employment and Skills (UKCES), projects that the number of part-time male workers is set to increase by 20% by 2024 – nearly three times more than the projected growth in part-time female workers (7%).
This growth is particularly significant for men in professional or management roles, where an increase of 25% is projected, marking a substantial change in the working patterns of men in highly paid, highly skilled roles.
The report also found that while men are increasingly prioritising family life, women are set to become more career focused. A rise of 7% in the number of women working full-time is likely, compared to just 3% for men.
ONS figures released last year suggest that, across the UK, 450,000 full-time employees are earning money from a second job, a total that has risen rapidly and can be attributed largely to the introduction of online skills marketplaces that allow professionals to sell their spare time by the hour. As an example 1 in 5 police officers now have a second job outside the service, according to figures released under a Freedom of Information request..
Now not all of these part timers will have portfolio careers but I would bet that an increasing number of them will. And increasingly I find myself saying to groups that a portfolio career for many of us is indeed the first step towards establishing a portfolio lifestyle. And that will become more of a desirable norm for the next generations but is also showing as the preferred choice for the 60+ group. My son aged 45 largely works from home in his portfolio career and takes primary responsibility for his 2 children in getting them to and from school and feeding them. He also tells me that he meets more and more men like him at the school gates now.