It’s been an ongoing question nobody has a good answer to: Why don’t more people feel good about the economy given the drop in the unemployment rate to nearly pre-recession levels?
Well, according to the latest survey from CareerBuilder, it’s because many part-time workers who want permanent, full-time employment simply can’t find it.
According to the study, it’s pretty simple: 32 percent of part-time workers say they want to work full-time but haven’t been able to land a full-time job.
Of those part-timers, 31 percent say they are the sole breadwinner in their household, and 39 percent say they struggle to make ends meet financially. One in four part-time workers who want full-time jobs said they currently work two or more jobs.
Think about that for a minute: One-third of all part-time workers want to take on full-time work but either can’t find it or don’t get hired when they do.
“Though we’re seeing an uptick in full-time, permanent hiring, many workers are still having difficulty finding positions in their field of expertise,” says Rosemary Haefner, vice president of Human Resources at CareerBuilder, in a press release about the survey.
She adds: “For some, a part-time job is just a means to a paycheck; for others, it’s a preferred work arrangement or stepping stone. Those looking to make the transition to full-time employment should approach a part-time job as an opportunity to learn a new skill set, make new professional connections or explore a new career path. In addition, they should seek out companies they are interested in working for and join their talent networks so they will be first to hear about new job openings with those companies.”
That all sounds good, but easier said than done — particularly when you look at some of the reasons why part-time workers give for why they can’t find full-time, permanent work:
And just in case you are thinking that these part-timers aren’t really all that motivated, consider this: The survey also found that the majority of these workers (62 percent) say they would be willing to work without pay for an organization for a period of time to prove the value they can bring as a full-time employee.
It’s pretty clear that the nature of work is dramatically changing post-recession, and many more people are willing to work a number of part-time jobs to make ends meet. But, it also shows that the traditional Labor Department unemployment report that gets released each month doesn’t do a very good job of quantifying exactly what the national labor picture looks like.
Plus, the current state of the job market seems to punish the newest workers — yes, Millennials — the most. That’s another story for another day, but there seems to be no real national concern that we have a huge generation of workers coming into their prime employment years without a job market that’s ready and willing to offer them regular, full-time employment.
Something needs to happen here. Maybe more surveys like this will help us to understand that.
The CareerBuilder survey was conducted online in the U.S. by Harris Poll on behalf of CareerBuilder among 301 U.S. part-time workers (employed part-time, not full-time) between Aug. 11 and Sept. 5, 2014. With a pure probability sample of 301, one could say with a 95 percent probability that the overall results have sampling error of +/- 5.65 percentage points.
Of course, there’s more than the latest survey about why part-timers can’t find full-time work in the news this week. Here are some HR and workplace-related items you may have missed. This is TLNT’s weekly round-up of news, trends, and insights from the world of talent management. I do it so you don’t have to.