Is slashing a practice born of personal choice or does it reflect a precarious economic reality in which it’s more difficult to make ends meet?
The study mentioned above by le Salon SME suggests it’s the former: the majority of slashers actually want to slash (96% of respondents). They’re attracted by a number of factors:
- A challenge that brings variety and freedom
Juggling multiple jobs is more conducive to a career in which no two days are the same. Variety being ‘the spice of life’, slashing offers a break from the routine and allows the mind to learn and hone new skills.
A slasher finds freedom in such variety and, with many being self-employed or freelancers, a certain liberty in how they can schedule their working days.
- A promising new income stream
Even if slashing is a life choice, the financial incentive still plays a decisive role: according to le Salon SME’s data, 67% of slashers chose that path to boost their income and 29% because it allowed them to make money from a hobby they were doing for free anyway.
- A defense against economic crises
This argument may appear somewhat counter-intuitive: juggling several jobs seems, on the surface, a less stable option than the good old fashioned 9-5.
In reality, though, slashers are more resilient to economic downturns because their eggs are not all in one basket; if a job is an investment, then it’s prudent to diversify that investment. That way, when a recession hits, they are less likely to lose everything all at once.
- A smoother way to change career path
A multi-job life is a good option for workers who want to change career track and/or set up their own businesses. There are many full-time employees who decide to stick with the day job whilst also running a side-hustle, so they can test the waters without taking on too much financial risk.
Of course, slashing is not all plain sailing and is not necessarily for everyone. It’s a career model that can come with a downside:
- Slashers usually need to be particularly organized to be able to manage multiple tasks at the same time. Freelancers, for example, will have administrative obligations to satisfy as well as their clients.
- The mental load can be considerable. Multiple jobs demand more time and energy and increase the risk of burn-out.