Yes of course! Immediately. Many management jobs, if addressed correctly, take only half of your time. You can either start a company, get an easier gig, or an even "lighter" job and at least 1.5x your income. Burnout will vary and depend on the level of responsibility. In my case, having a full time job & a company is too much responsibility that leads to burnout (have had it), it's easier having two jobs instead of half time entrepreneur (with payroll!!).
Been seriously thinking about doing this for months. As a project manager, I spend maybe 15-20 hrs/week doing focused work. Much of this is because I spent a lot of time streamlining processes to the point where most things do not an intervention from me to happen. I sometimes submit reports or reply to emails on evenings and weekends to make it look like I put in long hours. Much of my actual day is spent with my kids and doing household chores, which I suppose does count as a second job.
She said "employers can fire you for dishonesty" ...but they can also fire you for honesty, for financial reasons, because the sky was too blue or they just felt like it
You might lose severance in some cases where you wouldn't in others. Employment contracts for these specialized industries are more favourable for employees compared to unspecialized ones.
True, they can terminate you for basically anything, but dishonesty is justified and it would be a lot easier for them to prove that in court if it came to it.
@@Cyfl0w Exactly. It should work both ways. Sadly employers can be dishonest as much as they want, because if there are workers rights, regular emplyees have no money to pay for layers.
Let's be real here. Employers don't exist to make someone's dreams come true, they exist to make their own dreams come true. If someone can handle working 2 jobs (well) all the power to them.
What they won't mention is that board members at a ton of these companies sit on the board of multiple companies. Doubled working jobs is frowned upon if you're low. But if you're a C suit it's hard work.
Yup... The biggest hustle in the U.S. is getting everybody to put ALL of their eggs in one basket depending on ONE job... You will have some managers that come here to hate not understanding that they are getting played.
Two lessons to be learned here if you're choosing to work in two remote full-time jobs -be skillful enough with your craft -be skillful enough to manage your time juggling around work and family
I strive to do the least possible at a job. For most jobs, especially lower wage ones, there is no point working extra hard as you will receive no benefit for doing so.
@l3vyte, this is the most hilarious, sad and true statement I've read in a long time. All at the same time :) Kudos to you for the wit, but sad that this is many people's reality. My philosophy is that everyone should have multiple streams of income and build a wealth machine in a smart way.
@@kgal1298: Yeah, I find it amusing how people are saying that working two positions is immoral/dishonest/"stealing time", yet not much is said about people sitting doing nothing or doing things only to look busy (rather than genuinely productive acts)...
Its funny how everyone is ok with their employee having a part time job, a side gig, going to school full time, being a mom or a dad, or serving on boards, or doing all of that at once... but having 2 full time jobs while providing results is where they draw the line.
@@andherium 1. C-Suite executives do this all the time and make millions a year. 2. The average true productive hours is capped out around 2-3 hours in a work day getting everything done. The rest is wasting time. This is why people are sometimes even doing several jobs depending on the nature of the work. Expand your mind please.
I like this. Instead of quitting your job, play the system and get the most out of your employer's. If they can exploit employees then employees should be able to find their own way to play the system.
Instead of quitting your job do 2 jobs, 2x the work and burn out faster. Personally I find one full time job incredibly stressful and difficult, having a second remote job would make me insane. That and the practical aspect of having to finely overlay meetings and other engagements. It's not exactly as easy as this video suggests. I work as a developer and often that requires my 100% focus on one particular task, I can only effectively work about 4 hours a day (maximum focus), without burning out. I don't feel it's honest to split your time and work ineffectively for two separate jobs. It's not right.
From the ResumeBuilder survey from which the 37% of remote workers work two full time jobs statistic is taken: "Eighty-four percent of respondents who have two full-time jobs say their second job is their own business, while 69% of people with a second part-time job are running their own company." So 8 in 10 of those 37% aren't playing two companies against each other the way it sounds. Nor is one of the jobs a 'secret'. I feel like Bloomberg should have made this clear, because on the face of it, it sounds in the video like the 37% of people are being duplicitous. But the vast majority are not.
Thanks for the clarification. That seems much more doable, with this definition I realize that I've also participated in this trend. The way it was being presented, I wouldnt have realized that working 40+ in one job and also running my business counted.
@@flamaest um says who? Independent contractors don't get W-2s and that's a real job. And it doesn't seem like Bloomberg really nitpicked it. When you ask someone in a survey how you phrase the question matters alot. Maybe the respondents do have an ebay hustle they make enough money from and spend enough time doing to consider it a full time job. Don't invent qualifications that aren't there.
I did this in 2015, 1 office job and 1 remote. I put $10k away for my kids' college (grew and am still using that account), we went on vacation, had birthday parties, and I once accidentally double paid the mortgage, which took 5 months off the life of the loan.
@Flame it’s not that simple and it depends on each instance but basically many cases involves micro managers realizing they have nothing to do and need to feel important by having workers physically near them for their own job security Other cases involving butthurt executives spending millions on a building they actually don’t need but can’t find any other use for it Other times it involves oil corporations pressuring other companies to make their workers commute to work instead of saving money from paying for gas
Uhm… because they don’t trust their employees aren’t doing childcare, a second job, or just lazy? It seems many people don’t have the character or self discipline to work remote.
I know programmers who are doing this. Writing code for 2 different companies. As long as your meetings don't overlap and your job requirements are getting your software packages submitted by deadlines, it goes fairly smoothly.
@@flakgun153 Given average wages haven't kept up with productivity since the 70s, exploitation is the norm. If you're producing twice the output at the same pay, frankly, if getting two jobs allows that output to result in fair pay for one, the employer is hardly the one being exploited there.
True but full time jobs with companies (in the US) at least give benefits like 401K matching contributions, health insurance, and other benefits on top of the salary (at least most IT companies do, which is what the main type of dual-job workers work for). The salary a freelance worker would need to get an equivalent standard as those benefits would need to be pretty high, meaning that person has to be very skilled in the profession, while a person working two full time jobs can just be "average".
If you are completing the work for both jobs effectively then you should not be punished for it in any way. How you spend your time and use the hours in a day should be your own business. Don’t punish workers for being efficient and effective enough to perform well at TWO jobs - they should of course get two salaries. And if they’re not performing well, then the problem solves itself so….
Omg, yes. I was in a zoom meeting with co workers and one of them forgot to mute her mic and answered a call from another company. Everyone went silent and laughed lol.
@@unfortunatelyiamsane LOL, she answered the call like.... "thank you for calling... company's name, this is her name,... how can I help you?"........ silence!
In summary : 1. have mulplie jobs, be average at all of them, automate where possible. 2.don't over work or do work u don't have to. 3. don't stand out 4.dont allow your identity to be focused around your job 😊
The smartest thing I heard in this video about managing two jobs was taking junior roles. Management roles regardless of the pay always take more time and stress than the day alots. Rarely worth it for rank and file employees to take mid-level management jobs for incremental pay over those your managing. This would really skew employment data would it not? Clearly seems to benefit educated knowledge workers, particularly software/IT workers
I think that really depends, too. Middle management jobs are a lot of meetings and checking up on our employees. That can be accomplished with Slack messages and picking/choosing the meetings you go to. Less cognitive load when you aren't expected to produce anything, just report on it.
Back in 2016, I intentionally downgraded my job title when I joined a new company just so that I can do the normal 9-5, get out and do remote (passion jobs) 2-3 hours in the evening and 1 day over the weekend, and overall had a lot happier lifestyle and pay then our CTO.
I am a software developer and can work two jobs at once, but not at the same time. It would be stupidly difficult and would be hard to excel either of the two workplaces. However, I can imagine for call center workers or ticket handlers this can definitely help them out.
Nothing wrong with having two or more jobs. Just structure your time correctly and your employer doesn't need to know also as far you show up on your time with them . If an employer is asking if you have another job, it's usually a red flag not to work with them from the cases I have seen. As an employer, you should be more concerned with getting the best results than if your employee has another job. I don't know why this is even a big deal, it has been happening and will continue to happen as far as people want a better living condition.
Its as if these managers, ceo's, etc have all been going to meetings that are teaching them how to "captivate" their workers. How to MAKE them stay with you. Instead of making the atmosphere and things at the company something people want to stay at, this is their way of having loyalty by FORCING you to do it. Smh. Its like some jobs, factory jobs esp, that work you many, many hours so that you are too tired to do interviews nor work at any other job on the side or to replace it. Smh. Some psycho stuff these people are being taught.
I recently left a second PT job while working FT. My manager at the FT role didn't know that I had the second job for the majority of the time I had it. It didn't become an issue until later when I was having issues juggling pet care. The other role was not in competition with my main job and didn't conflict time wise. As long as you're not violating a contract such as a non-compete, you're getting your work done, and the other job doesn't interfere, having another job shouldn't matter.
I worked a second job, only part-time, and got so burned out that I didn't do anything outside of work. The pay was great but I now value having less stress and more time off of work.
A coworker asked me “why are you working only one job?” I was concerned about future of my employment after contract-I started working my 2nd job , and it’s all very structured to work out
I have done software development on the side even before the pandemic from time to time (part time consulting or charging per project). The thing that the pandemic changed is that there are a lot more remote opportunities now.
I want to start doing that, freelance software development. Do you have any tips on getting started, and how has it been so far (before vs after the pandemic?) What's the difference between building software vs consulting?
@@murk959 consulting means you do whatever the end client requires from you it usually tasks of development here and there, fixing bugs and so on, the consulting company can also move you from one customer to another one as they want depending on their interest, most of the time you don’t event reach the end of the project of a customer. Software développent you work on a software from scratch or on an ongoing software project in a main company full time no switch of company and It’s possible that you see the software at the end .
Lol I work fulltime from home, but started a business on the side. This move for me is a way to transition into another phase of my life. I just can't see myself working in Corporate for more than 3-5 years. I just want to learn the corporate processes and experience/insight on developing a product. Then take that knowledge and apply it to myself, why make someone's dream come true when I have dreams of my own.
I have 4 contracts as a Freelance Management consultant for IT companies, working from home. it is hard. but you know what? I will not do this forever, and by the time I have my morning coffee at 9am I already made somebody's monthly salary. in 3 years I will have enough to retire. I'm 40.
I sort of belong to this category. I took a leave of absence to get a economics degree. About a year and a half ago my employer calls me and asks if I can come back to work full time. I was still studying so I asked him how we should handle that and work. He’s answer was “we will handle it”. So I’ve been balancing work and full time studying with full salary since October 2020. No problem at all and a very understanding boss when I need to take a day of for a exam. This is also combined with the working/studying from home movement that went on globally.
@@Hexa1123 Not only that, but some employers pay for your degree / offer tuition reimbursement. Again, this isn't what the video is talking about/implying.
@@Hexa1123: I wouldn't think that a lot of students work full time and also separately study full time (i.e. the studying doesn't count as work time for the job, nor does the work count as a placement for the degree/study)? Or maybe I've been living under a rock... 🤔
I work 2 part time jobs remotely. The employers don't care because they aren't paying you any benefits(401k/health insurance). As long as you are productive..working multiple part time jobs is LESS stressful.
I work 2 part-time jobs. One from home, one I go into the office for and I love it. I don't think I could ever work two full-time jobs but if someone can do that effectively and meet all the deadlines etc, then I don't see what's wrong with it at all. Like others said in the comments, if companies can exploit employees, then there is nothing wrong with employees tricking the system. At least they are doing it for a MUCH nobler cause.
I work my "full-time" job 2-3 hrs a day, my side business, and a part time gig. I could probably handle a second full time job now that you mentioned it..
May I ask what job you are doing and what advice would you give a 20 year old on relay retirement in IT I’m studying Cs with interst in AI automation web dev etc Thanks a lot
Believe me, I would not feel guilty by working 2 wfh jobs. I have been juggling two jobs since college days. My advice is learn how to separate the knowledge of the jobs and balance the hours.
Untrue. I will get a massage chair and sit in it 24/7. Maybe people with a family can't take it, but most males don't take care of their children anyways. idk.
This kind of blew my mind, because the only remote job I've ever had was so micromanaged and gave us so little downtime that it would literally have been easier for me to conduct a second job from the physical workplace I went to after that.
For about 8 years I worked a full time job(40 hours a week) plus I ran my own business that kept me very busy. I would do the jobs simultaneously, answering emails, doing a little bit of editing when I could squeeze it in.
Very much expected with the inflation and pretty much all the disasters happening in the lives of an ordinary American. At this point now, my main concern as someone who recently became jobless is what is the way forward? How do we maybe survive or make some money to at least sustain ourselves during these trying times.
Simple solution: Live below your means, Use a reasonable amount of your money for something as lucrative as foreign exchange but of course be well informed about where you want to put your money. Made my first million this way earlier this year with about 450k after I dissolved my 401k and added little cash (through the help of a pro though) The system can rot for all I care.
@@thehunter9853 Sir? It's funny cos I'm a lady or doesn't it suit the "narrative"? It takes quite some level of patience and "Nancy Lynn Lewis" is the "knight", she was in the news alot in 2018. You can check her out online for more.
@@lelaoliver521 Wow I know this little lady,, Once attended a seminar she was also in attendance here in Texas,, She speaks convincingly,, and you didn't need to bring gender into it.
I love these videos about people rethinking and reworking these traditional, stifling systems. It’s so inspiring. We are so creative and it’s time we stopped being bullied by big corporations and systems that ask us to bend over backwards and give up our entire lives in exchange for some money.
I did this, I had a full time job as a quality assurance manager in a manufacturing facility and was secretly working remotely from the back of my BMW. For the summers I had a mini evaporative cooler that I bought on Amazon and for the winter I had heated, pants, socks and vest that were all heated by a battery. I did it for two years until covid hit and I lost my remote job.
@@Monaug5kid So I could, in all seriousness, have two PAYE jobs without either employer finding out assuming I deliver the work, am available for all meetings ect...
@@Monaug5kid Thanks - I'm a software dev with about 15 years experience so I think I might be ideal to follow this kind of plan too. Will look into it.
I work two full time jobs, both blended in person and remote. I'm overworked. I don't recommend it. If I didn't live in NYC and need to keep up with cost of living here I'd never do it.
9:30 - Overemployment will not fly at FAANG style companies. Most of them have "up or out" policies. If they don't see you eventually becoming senior, you get kicked out pretty fast.
It is when there is a huge demand for Labour, I’ve gotten fired so many times this years but cause I’ve had like 6/7 jobs to fall back on I didn’t care, the training times like 11 weeks so I just chill there with the camera off and 🤷🏽♂️
Plus non-compete clauses and conflict of interest declarations. Not to mention using software/knowledge from Company A at Company B can be a big no-no with HR, Legal, or even the SEC, at public companies. I think these folks are playing with fire, and are just banking on chaos & goodwill to not get caught.
@@mandisaw it’s so funny when workers do things like this it’s such a big deal but there’s minsters and politicians having 2 jobs.. even big senior brasses may be a consultant somewhere else, why is it okay for them and not the normal working class man?
Realistically, how many hours do people actually spend working when they are at the office between meetings, chatting with coworkers, going for coffee runs and stuff? I would guess it's about 2-3 hours at the most.
I think there’s some missing info here. Like, there’s no way, even as a software engineer, to be working for like, Google and Amazon at the same time. The meeting conflicts would hit you eventually. I think it’s much more likely that the second job is like, someone starting their own company, or working for a company that lets them do the majority of their work in the off hours. Unless you have virtually no meetings (devs have a lot of meetings) there’s no way.
I know a guy who used to work at CISCO and another company. he said he would have two laptops with two earplugs and whenever he had a meeting that overlaped he would have his camera off but pay attention to both meetings with one earplug on each ear
@@NicollasVerneck i did this before and had a moment when I was called in both meetings. It was a stressful moment for sure. I had to fake some technical issues
I know someone who had 2 dev jobs and he said you have to "direct" the schedule so meetings don't overlap. Meaning, say you like earlier standups so one job "picks" an earlier standup time than the other. Do that for all reoccurring meetings.
I am a software developer, and i have worked 2 full time jobs for 2 different companies for 9 months. It ain't easy, but totally doable. I now quit both of my previous roles and took another offer, back to normal work-life balance.
That's not true since Not every Job requires that much work - In USA, Many People working on these VISAs are doing multiple Jobs(3 Jobs, 4 Jobs, 5 Jobs, 6 Jobs, 7 Jobs) which are unreported, millions of dollars have been siphoned off, transferred offshore, evaded Taxes.They interview for Multiple Jobs, they try to outsource the project work to offshore, Offshore does all the work and Money is exchanged in terms of percentages - 70%-30%, 60%-40%, 50%-50%.IT Staffing companies(smaller ones) operating in Dallas/Virginia/NorthCarolina Region and some in Offshore are encouraging and driving this Scam in a very bigger way - millions of dollars. While Hard Workers are Penalized But the Fraudsters are rewarded in a Big way " .
I think this perfectly explains what actually happened during the 'great resignation'. No one quit anything. They just made more from home. I don't know why I overlooked this aspect for the last 2 years but it logically makes too much sense. Also, no one saved anything. They are combating inflation and getting paid what they really want if their current employer won't do it.
Not profits, not for many of them. Valuation for almost every company soared. Because the stock market became over inflated. It's going to crash back down. Or inflation will bring it back to relative standards. Brezos and the Walton's net worth soared because they have alot of stocks.
9:33, actually software engineering doesn't work that way, you don't become a Senior Software Engineer by being at a company for a long period of time, you become a Senior Software Engineer when you improve your programming and problem solving skills as a developer. So it is possible to have two Senior Software Engineering jobs, it really mostly depends on your skill level
The way I see it is if you can perform as well as everyone else you work with then it’s fine. You yourself are a business just as the job you are working for is too. The biggest mistake I made in my career was staying the same company for 10 years. Trust me lesson learned.
It's not a crime. Inflation is sky high everywhere. Salaries and wages are not meeting the expenses of a family. Hence people will definitely look for multiple streams of income. The govts and corporates must understand this. 😎😤😤😎
If the corporate could understand, they would have already doubled the salary. You are right about salaries not being adjusted according to inflation anymore, but I think this is also about plain old human greed and I dont think anyone will accept they are doing it because of gree even if they were.
@@rylaczero3740 I disagree because greed is mostly associated with the rich, wealthy and wallstreet guys. The middle class and the poor have modest aims and goals in life and will be focused on how to manage their day to day expenses. They are less likely to enough savings which will not be enough to manage a sudden and unexpected expense in the future. Hence they search for multiple streams of income 😎😎😎
@@yennefer559 ehh, companies are usually slow to notice this type of stuff and there's less of an incentive to actually fire someone for doing this unless it's tangibly affecting the company's profit. Passive income ideas already exist this isn't a new one.
Yep, can confirm. Recently got a new job and the contract prohibited being employed elsewhere simultaneously. But I don't think they added the clause after watching this video
@@avarice4556 well in the age of max "productivity" hacks, using spyware on employee's devices to track how often their eyes are engaged with their screen and what tabs they open, you think they won't dis-allow this? lol. passive income or a second job in your down-time is very different from actively working multiple full-time jobs at once remotely often in overlapping hours by switching tabs and attention.
I'm a freelancer in video production and I've been doing this for years. It's not frowned upon, and is pretty common in what I do. But, when I have a heavy workload on 2-3 different jobs life outside of work is awful because of how much mental energy it takes just to coordinate work/correspondence/calls/etc. I've switched to having one main job that provides w2 income+health insurance, and then taking smaller side jobs. Allows me to take on extra work when I want it, and when I want some extra money. But, I'm not forced to work 12 hour days to survive anymore.
It's so simple you don't have to cheat the employer to work two remote jobs. Say you work 8 -5pm. You start your assignments at 5 am and end your day at 7pm. Plus no distractions it is easy. Not every job requires contributions like accounting or coding that task based.
I was thinking about this as the video progressed. You would have to be very careful about not using the IP of one company in another when doing the "same" job. Its a clever idea, only having to to really do "one" job, but it has deep legal pitfalls if you arent careful.
@@codenamegrant Considering the fact that anything you make on company time in company computers is owned by that company, this is a terrible idea actually. You are bound to get in a legal disaster.
Even better - given that both companies goals are aligned, you could do 1 presentation about some new design or new direction you are taking the product .... and broadcast simultaneously to both companies at the same time. Save even more time ! Record the presentation, and sell it to that pesky 3rd competitor for the win.
I did this for 1.5 years … somewhat easy… until I got caught because of an LinkedIn post praising me from the company I was a full time employee at and prioritized. Biggest issues is overlapping meetings.
This is not new since freelance (remote) work has been available for some years now. I started remote work around 2017 and at the time, there were already an abundance of job opportunities and those that can work for more than 1 job are not shamed since working more allows them to earn more. I think as long as you are not violating any company policies.
Here is a question that needs to be asked. Why do people feel like they need to have 2+ jobs? Sadly, I think most work places will come back with some BS excuse saying they have too much time on their hands. In reality, a lot of it heavily goes into money. For anyone looking into doing this. I will be blunt in saying this can't last long at all. YOU WILL deal with extreme burnout and there will be some conflict at some point. So you will need to keep in the back of that mind what to do when that comes.
It’s very helpful and if don’t right I can be done long term. I’ve been working two jobs for two years now. I was able to pay debt off and I just purchased a home. Something that would have taken others multiple years took it a year and a half just to do.
A lot of remote work just showed us how much random stuff we do at work. A lot of the 8 hour day is just being ready to do something than actually do something. Why not use the time to do something else?
The 8 hour work day is more for labor jobs- they took what Henry ford did and applied it to the office lol it’s rare to be busy for 8 hours in an office setting
5:24 "...pretty stressed managing enough uncertainty." Ya know what kind of uncertainty causes a lot of stress? Financial uncertainty! Like, say, I don't know, the uncertainty of a global 2008 financial recession. Or: * the uncertainty of now knowing if you'll be evicted from your house. * the uncertainty of wondering whether your significant other will leave/divorce/breakup with you due to you losing a steady stream of income * the uncertainty of fearing how you'll be able to pay for food to keep yourself (and your family) alive * the uncertainty of whether you'll be able to sleep due to the ubiquitous and constant pressure we all feel each day trying to keep our heads afloat in a society that worships the US Dollar You know, that kind of uncertainty. So I think if you can creatively figure out how to game a system that's stacked against you in a way that will eliminate or reduce that uncertainty, you should 100% do it.
Something I saw on a previous video regarding the same subject. “If the second full time job was at Burger King on nights and weekends, no one bats an eye. BUT if it’s a salary position then everyone loses their mind!”
No matter how well I do my job, my workplace will not offer me a raise in ten years, and I will be penalized for doing my job faster and overall better. Companies are caught up in this 8-hour work schedule, so it's no surprise that people are trying to find alternative ways to make money with the time they have.
It’s pretty ridiculous that someone should have to hide having a second job. These companies don’t own them. If they can get their work done in 20hrs instead of 40hrs then so be it. These companies don’t own them
Well, this sucks, I've been trying to get a remote job & can't even get an interview. Now, I find out that a growing number of people are getting more than 1 remote jobs.
My employer gets a say about my 'off hours' when they explicitly pay me for those off hours. If they call it 'off hours' then they admit they have no rights to mention them.
Many of the people in my field, software development, leave places that try to over control them. Companies that care more about butts in seats then problems solved are going to attract people that sit aimlessly thru meeting and never finish anything, constantly creating tech debt or keys to the work that only they can solve.
@@StarContract that’s eventually what I ended up doing. We had a “performance evaluation meeting” in which he pointed out the issues he had with it and later that day , I resigned.
@@CherryJ2911 haha I know right! It’s okay though because now I’m set to make double what I was making at that previous job. It was a win-win situation for the both of us XD.
ACTUALLY skills developed across both jobs tend to benefit both jobs. The best practices from each organization are used and benefit both organizations.
Yep I think all of us who work from can get the job done half the time or less. We’re more comfortable at home and more refreshed from not having to be in traffic. Also doing the same job everyday you’ll naturally getting faster
Let's be honest, the conditions of work have been set by the employers, with a few moments in history when 8 hour work day was established. the key issue with work and what makes it problematic is that we as employees do not control out time, it isn't goal based for us, it is for the company, their goals and their timelines, not ours.
I love how "lower-class" people have been working multiple jobs that amount to two full time jobs (or more) for decades and it doesn't make headlines, but as soon as it starts to become a thing for white-collar workers then it's news.
Nothing new. I've been working two remote job since June 2019. The key is don't be greedy and if you can't give the best for both companies, just drop one.
My friend had two jobs. She cleaned a building from 7am-4pm, and run to her second job from 6pm - 2am to clean the other building. She slept like 4 hours and did it again and again for years… She probably made $50,000 for both jobs.
@@frankg8861 I have 2 jobs. One pays well and the other not so much. The earning from the 2nd job falls under non-taxable, since its less than the taxable amount. However the two jobs combined, makes it fall under taxable income. This is one of the problems I face. There could be other problems too, from tax perspective.
@@rebeccafridaylover Not really, especially in India. if you earn less than Rs 250,000 then you dont have to pay income tax. If you have 1 job than pays Rs150,000 then you dont pay taxes. But if you have 2 jobs each paying Rs150000, then you have to 5% tax.
I just fear that companies will see this and the response will be "Oh, since you can juggle two jobs then we can pay you half as much, right?" Companies ALWAYS find a way to come out ahead while pushing workers back down.
Do this to some one from tech, after a few month + some glassdoor review, company will not be able to hire people and existing employees will disappear soon. Your company is dead.
To that I respond with. You should be Paying me double because im being penalized for having the exceptional ability of doing your companies work and a high level and another company. They "own" 40 hours of work not all 168 a week.
What are you trying to accomplish with this title Bloomberg? I am a remote worker and I am not working 2 full-time jobs... I use the extra 3 hours I don't spend in the traffic to improve my skills for my current job or simply to work on myself, the productivity increased after going remote. Don't try to mess this up for us.
I have a hard time understanding why some people are against this. lower class does this all the time, work at two different fast food places with the managers knowing. Whats the big deal if some one builds websites for two companies.
Would you take a second full-time job if you could get away with it? 💻
@entrepreneur why you do this to yourself?
Yes of course! Immediately. Many management jobs, if addressed correctly, take only half of your time. You can either start a company, get an easier gig, or an even "lighter" job and at least 1.5x your income. Burnout will vary and depend on the level of responsibility. In my case, having a full time job & a company is too much responsibility that leads to burnout (have had it), it's easier having two jobs instead of half time entrepreneur (with payroll!!).
Been seriously thinking about doing this for months. As a project manager, I spend maybe 15-20 hrs/week doing focused work. Much of this is because I spent a lot of time streamlining processes to the point where most things do not an intervention from me to happen. I sometimes submit reports or reply to emails on evenings and weekends to make it look like I put in long hours.
Much of my actual day is spent with my kids and doing household chores, which I suppose does count as a second job.
its all job in software/ hardware
never ever!
She said "employers can fire you for dishonesty"
...but they can also fire you for honesty, for financial reasons, because the sky was too blue or they just felt like it
You might lose severance in some cases where you wouldn't in others. Employment contracts for these specialized industries are more favourable for employees compared to unspecialized ones.
Only in America, every other country has workers rights ^^
True, they can terminate you for basically anything, but dishonesty is justified and it would be a lot easier for them to prove that in court if it came to it.
Not just that but also if your company did not meet the profit levels you can still get fired
@@Cyfl0w Exactly. It should work both ways. Sadly employers can be dishonest as much as they want, because if there are workers rights, regular emplyees have no money to pay for layers.
Let's be real here. Employers don't exist to make someone's dreams come true, they exist to make their own dreams come true. If someone can handle working 2 jobs (well) all the power to them.
Best comment in this thread. Period!
@@bradj229 hands down
Reality!
Exactly!
Point-blank periodt.
What they won't mention is that board members at a ton of these companies sit on the board of multiple companies.
Doubled working jobs is frowned upon if you're low. But if you're a C suit it's hard work.
You hit the nail on the head
Sitting on a board is not a full time job
@@GoldenEDM_2018 it depends
Yup... The biggest hustle in the U.S. is getting everybody to put ALL of their eggs in one basket depending on ONE job... You will have some managers that come here to hate not understanding that they are getting played.
Like bobby kotick from blizzard
Two lessons to be learned here if you're choosing to work in two remote full-time jobs
-be skillful enough with your craft
-be skillful enough to manage your time juggling around work and family
Respect for that !
actually, you don't need to be skillful enough with your craft.
@@riskinhos It makes doing the work much faster so if you are you can save time.
@@kgal1298 actually. it doesn't. you don't need to be skilful to be fast.
You’re overthinking this tbh
What’s hilarious is .. Some of us work 2-3 jobs at the one job we have 🤣🤣
Exactly might as well get paid full time for the effort
I strive to do the least possible at a job. For most jobs, especially lower wage ones, there is no point working extra hard as you will receive no benefit for doing so.
Gotta learn how to outsource it if you can!
Exactly plus underpaid as well
@l3vyte, this is the most hilarious, sad and true statement I've read in a long time. All at the same time :) Kudos to you for the wit, but sad that this is many people's reality. My philosophy is that everyone should have multiple streams of income and build a wealth machine in a smart way.
Watching this on my phone while working from home right now... If I didn't have this TH-cam addiction, I could probably maintain 2 jobs too
😂😂
😂😂😂😂😂😂
Same
Hahaha yeah they should openly discuss how people waste time at their 1 job.
@@kgal1298: Yeah, I find it amusing how people are saying that working two positions is immoral/dishonest/"stealing time", yet not much is said about people sitting doing nothing or doing things only to look busy (rather than genuinely productive acts)...
Its funny how everyone is ok with their employee having a part time job, a side gig, going to school full time, being a mom or a dad, or serving on boards, or doing all of that at once... but having 2 full time jobs while providing results is where they draw the line.
exactly, like i thought 2+2 = 4?
Ding ding ding!
Let's not pretend like having 2 jobs will not affect the efficiency of the employee.
They just want you to be 100% theirs, spend your 'working energy' on them and not on some other company
@@andherium 1. C-Suite executives do this all the time and make millions a year.
2. The average true productive hours is capped out around 2-3 hours in a work day getting everything done. The rest is wasting time. This is why people are sometimes even doing several jobs depending on the nature of the work. Expand your mind please.
I like this. Instead of quitting your job, play the system and get the most out of your employer's. If they can exploit employees then employees should be able to find their own way to play the system.
^^^
That is dishonest
Instead of quitting your job do 2 jobs, 2x the work and burn out faster. Personally I find one full time job incredibly stressful and difficult, having a second remote job would make me insane.
That and the practical aspect of having to finely overlay meetings and other engagements. It's not exactly as easy as this video suggests.
I work as a developer and often that requires my 100% focus on one particular task, I can only effectively work about 4 hours a day (maximum focus), without burning out. I don't feel it's honest to split your time and work ineffectively for two separate jobs. It's not right.
sacrificing most of your time, taking two jobs that exploit you, makes you less exploited how?
I am a programmer and work 2 jobs, my employer doesnt ask questions, he gets what he wants done, i get paid, done deal
From the ResumeBuilder survey from which the 37% of remote workers work two full time jobs statistic is taken: "Eighty-four percent of respondents who have two full-time jobs say their second job is their own business, while 69% of people with a second part-time job are running their own company."
So 8 in 10 of those 37% aren't playing two companies against each other the way it sounds. Nor is one of the jobs a 'secret'. I feel like Bloomberg should have made this clear, because on the face of it, it sounds in the video like the 37% of people are being duplicitous. But the vast majority are not.
Thanks for the clarification. That seems much more doable, with this definition I realize that I've also participated in this trend. The way it was being presented, I wouldnt have realized that working 40+ in one job and also running my business counted.
Selling junk on eBay is not a second job. Only jobs that produce a W-2 would be considered a second job. Let's not play with words.
It surprises me that only 40% have a side hustle...thought it to be much more....I think the others just do a side project without monetary goals
@@flamaest um says who? Independent contractors don't get W-2s and that's a real job. And it doesn't seem like Bloomberg really nitpicked it.
When you ask someone in a survey how you phrase the question matters alot. Maybe the respondents do have an ebay hustle they make enough money from and spend enough time doing to consider it a full time job.
Don't invent qualifications that aren't there.
No there’s people actually working two jobs at same time
I did this in 2015, 1 office job and 1 remote.
I put $10k away for my kids' college (grew and am still using that account), we went on vacation, had birthday parties, and I once accidentally double paid the mortgage, which took 5 months off the life of the loan.
Slow clap
"accidentally"
That’s great!!!!
Yes
hope you out that 10k in a high yield saving or long term investment
Now do a video of companies lying about why they need to end remote work
@Flame How is them wanting to END remote work cheaper for them
@Flame it’s not that simple and it depends on each instance but basically many cases involves micro managers realizing they have nothing to do and need to feel important by having workers physically near them for their own job security
Other cases involving butthurt executives spending millions on a building they actually don’t need but can’t find any other use for it
Other times it involves oil corporations pressuring other companies to make their workers commute to work instead of saving money from paying for gas
That’s the real video they need to explain.
Because the watercooler is... important! And starbucks! And...
Uhm… because they don’t trust their employees aren’t doing childcare, a second job, or just lazy? It seems many people don’t have the character or self discipline to work remote.
I know programmers who are doing this.
Writing code for 2 different companies. As long as your meetings don't overlap and your job requirements are getting your software packages submitted by deadlines, it goes fairly smoothly.
Finally some workers are actually able to get ahead in this society
For me, it’s about goal setting. No one should work two jobs forever but to get out of debt, save for a home, invest, etc it’s worth it!
It's not illegal to exploit employees, so there's nothing wrong with doing this.
Buddy two wrongs dont make a right
@@rylaczero3740 in this case, it does make a right. Since wage theft is legal, this is the only way to fix it.
@@rylaczero3740 having two jobs isn’t inherently wrong. Exploiting employees is. There is only one wrong. Please rethink your statement
Yes it is. Exploitation had always been illegal.
It's just that socialists think "paying people to work" is exploitation.
@@flakgun153 Given average wages haven't kept up with productivity since the 70s, exploitation is the norm. If you're producing twice the output at the same pay, frankly, if getting two jobs allows that output to result in fair pay for one, the employer is hardly the one being exploited there.
The trick is to not look at it as the future of work but a plan to retire early.
precisely this
"Remote Workers" discovering what freelancers have been doing for decades 😎
LoL
so true XD lol
True but full time jobs with companies (in the US) at least give benefits like 401K matching contributions, health insurance, and other benefits on top of the salary (at least most IT companies do, which is what the main type of dual-job workers work for). The salary a freelance worker would need to get an equivalent standard as those benefits would need to be pretty high, meaning that person has to be very skilled in the profession, while a person working two full time jobs can just be "average".
@@boredtired1815 Very well said.
Your average freelancer doesn't make $300k-500k annually
Corporations hate to see you win
Forreal lolll
this is corps winning, several times over.
If you are completing the work for both jobs effectively then you should not be punished for it in any way. How you spend your time and use the hours in a day should be your own business. Don’t punish workers for being efficient and effective enough to perform well at TWO jobs - they should of course get two salaries. And if they’re not performing well, then the problem solves itself so….
Omg, yes. I was in a zoom meeting with co workers and one of them forgot to mute her mic and answered a call from another company. Everyone went silent and laughed lol.
😂was it like a customer call?
@@unfortunatelyiamsane LOL, she answered the call like.... "thank you for calling... company's name, this is her name,... how can I help you?"........ silence!
@@404TRUCKERTV OMG
Is that person still at the company? Or did they get let go?
😂😂😂😂😂
In summary :
1. have mulplie jobs, be average at all of them, automate where possible.
2.don't over work or do work u don't have to.
3. don't stand out
4.dont allow your identity to be focused around your job 😊
The smartest thing I heard in this video about managing two jobs was taking junior roles. Management roles regardless of the pay always take more time and stress than the day alots. Rarely worth it for rank and file employees to take mid-level management jobs for incremental pay over those your managing. This would really skew employment data would it not? Clearly seems to benefit educated knowledge workers, particularly software/IT workers
I think that really depends, too. Middle management jobs are a lot of meetings and checking up on our employees. That can be accomplished with Slack messages and picking/choosing the meetings you go to. Less cognitive load when you aren't expected to produce anything, just report on it.
Back in 2016, I intentionally downgraded my job title when I joined a new company just so that I can do the normal 9-5, get out and do remote (passion jobs) 2-3 hours in the evening and 1 day over the weekend, and overall had a lot happier lifestyle and pay then our CTO.
No you didnt dont lie
"educated"
I am a software developer and can work two jobs at once, but not at the same time. It would be stupidly difficult and would be hard to excel either of the two workplaces.
However, I can imagine for call center workers or ticket handlers this can definitely help them out.
Nothing wrong with having two or more jobs. Just structure your time correctly and your employer doesn't need to know also as far you show up on your time with them . If an employer is asking if you have another job, it's usually a red flag not to work with them from the cases I have seen. As an employer, you should be more concerned with getting the best results than if your employee has another job. I don't know why this is even a big deal, it has been happening and will continue to happen as far as people want a better living condition.
Sure makes sense. 🍷
Its as if these managers, ceo's, etc have all been going to meetings that are teaching them how to "captivate" their workers. How to MAKE them stay with you. Instead of making the atmosphere and things at the company something people want to stay at, this is their way of having loyalty by FORCING you to do it. Smh.
Its like some jobs, factory jobs esp, that work you many, many hours so that you are too tired to do interviews nor work at any other job on the side or to replace it.
Smh. Some psycho stuff these people are being taught.
They want complete power over their employees.
It's wrong because you can't manage 16 hours of work time, so you'll end lying about your committing, thus having a bad ethic
I recently left a second PT job while working FT. My manager at the FT role didn't know that I had the second job for the majority of the time I had it. It didn't become an issue until later when I was having issues juggling pet care.
The other role was not in competition with my main job and didn't conflict time wise. As long as you're not violating a contract such as a non-compete, you're getting your work done, and the other job doesn't interfere, having another job shouldn't matter.
I worked a second job, only part-time, and got so burned out that I didn't do anything outside of work. The pay was great but I now value having less stress and more time off of work.
The main point of overemployement is to still only work 40 hours a week total, no matter how many jobs you have
These people acting like they don't get burn out from working 2 jobs are either dishonest hypocrites or just lazy workers.
@@racecarjonny8460 Precisely. One job is stressful enough >w< juggling two is impressive.
@@TheMickysucks I would refine it to work what *you* think is enough, but bluff for 40 or more hours per week
you stress less because of the money you saved! You learned the value of money not your time :P
A coworker asked me “why are you working only one job?”
I was concerned about future of my employment after contract-I started working my 2nd job , and it’s all very structured to work out
Why not! Especially if your underpaid at your first job. Employers don’t pay enough anymore
I have done software development on the side even before the pandemic from time to time (part time consulting or charging per project). The thing that the pandemic changed is that there are a lot more remote opportunities now.
I want to start doing that, freelance software development. Do you have any tips on getting started, and how has it been so far (before vs after the pandemic?)
What's the difference between building software vs consulting?
@@murk959 consulting means you do whatever the end client requires from you it usually tasks of development here and there, fixing bugs and so on, the consulting company can also move you from one customer to another one as they want depending on their interest, most of the time you don’t event reach the end of the project of a customer. Software développent you work on a software from scratch or on an ongoing software project in a main company full time no switch of company and It’s possible that you see the software at the end .
Lol I work fulltime from home, but started a business on the side. This move for me is a way to transition into another phase of my life. I just can't see myself working in Corporate for more than 3-5 years.
I just want to learn the corporate processes and experience/insight on developing a product. Then take that knowledge and apply it to myself, why make someone's dream come true when I have dreams of my own.
I find that 37% number so hard to believe
Source: trust me bro
sampling bias
Do you think it's too high or too low?
@@dwadedunkedkobe way too high.
@@JoshTC2 probably. This may be sampled from an extreme subset of dev/it community.
I have 4 contracts as a Freelance Management consultant for IT companies, working from home. it is hard. but you know what? I will not do this forever, and by the time I have my morning coffee at 9am I already made somebody's monthly salary. in 3 years I will have enough to retire. I'm 40.
How many hours are you actually working?
I sort of belong to this category.
I took a leave of absence to get a economics degree.
About a year and a half ago my employer calls me and asks if I can come back to work full time. I was still studying so I asked him how we should handle that and work.
He’s answer was “we will handle it”.
So I’ve been balancing work and full time studying with full salary since October 2020. No problem at all and a very understanding boss when I need to take a day of for a exam. This is also combined with the working/studying from home movement that went on globally.
are they hiring?
This is not the same. A lot of students work full time and study.
@@Hexa1123 Not only that, but some employers pay for your degree / offer tuition reimbursement. Again, this isn't what the video is talking about/implying.
@@Hexa1123: I wouldn't think that a lot of students work full time and also separately study full time (i.e. the studying doesn't count as work time for the job, nor does the work count as a placement for the degree/study)? Or maybe I've been living under a rock... 🤔
No.
I work 2 part time jobs remotely. The employers don't care because they aren't paying you any benefits(401k/health insurance). As long as you are productive..working multiple part time jobs is LESS stressful.
Can you please recommend me to both of your employers please .... I am trying to increase my income sources and income as well.
@@hemantsarthak Bruh
@@FR4M3Sharma a man has gotta earn 😅😂
@@FR4M3Sharma: No no, you gotta admire his hustle, at least he's trying(!)
Yes, seriously, what certification do you have
I work 2 part-time jobs. One from home, one I go into the office for and I love it. I don't think I could ever work two full-time jobs but if someone can do that effectively and meet all the deadlines etc, then I don't see what's wrong with it at all. Like others said in the comments, if companies can exploit employees, then there is nothing wrong with employees tricking the system. At least they are doing it for a MUCH nobler cause.
What do you do if you dot mind me asking
@@jaylenlenear3944 children's pastor and virtual assistant.
I work my "full-time" job 2-3 hrs a day, my side business, and a part time gig. I could probably handle a second full time job now that you mentioned it..
Same here. I have a VA do my job's work while I manage my VAs for my business. Now seeing this video, I'm going to start applying to more jobs LOL
What kind of Job?
this is so true, I never thought of having 2 job but my current job only takes me 2h per day, and I’m in IT
Interesting, I had to go to work everyday in i.t and was a web admin literally no reason I couldn't be doing that job at home in my boxers
May I ask what job you are doing and what advice would you give a 20 year old on relay retirement in IT
I’m studying Cs with interst in AI automation web dev etc
Thanks a lot
What kind of job?
@@avarice4556 find a new one then
@@zakyvids6566 consulting, current project is solution architect and a bit of BA staff
Believe me, I would not feel guilty by working 2 wfh jobs. I have been juggling two jobs since college days. My advice is learn how to separate the knowledge of the jobs and balance the hours.
Exactly. I felt "guilty" was a weird word choice.
Thank you! Do what you gotta do to to make it in this unfair economy.
In my personal experience, burnout is real. That's something money cannot suffice.
Thats honestly true.
Totally agree. Had 2 jobs, quit one, happier without the extra cash
Untrue. I will get a massage chair and sit in it 24/7. Maybe people with a family can't take it, but most males don't take care of their children anyways. idk.
That's why you take two job, then outsource some of the job to country with low currency power
I agree.. I lost so much when I was working two jobs in terms of relationships and health. I wasn't worth it in the end
This kind of blew my mind, because the only remote job I've ever had was so micromanaged and gave us so little downtime that it would literally have been easier for me to conduct a second job from the physical workplace I went to after that.
"employers can fire you for dishonesty" My employer never asked me if I have another job.
If they ask me, i am quitting on spot. Often when they ask u they are already watchin and investigatin
Did two jobs. It was stressful, but now I am spoiled by how much I was able to make. Going back in in a couple months.
For about 8 years I worked a full time job(40 hours a week) plus I ran my own business that kept me very busy. I would do the jobs simultaneously, answering emails, doing a little bit of editing when I could squeeze it in.
I used to have two jobs and it was the least stressful moment of my life because of the income, and still had time to spare
Very much expected with the inflation and pretty much all the disasters happening in the lives of an ordinary American. At this point now, my main concern as someone who recently became jobless is what is the way forward? How do we maybe survive or make some money to at least sustain ourselves during these trying times.
Simple solution: Live below your means, Use a reasonable amount of your money for something as lucrative as foreign exchange but of course be well informed about where you want to put your money. Made my first million this way earlier this year with about 450k after I dissolved my 401k and added little cash (through the help of a pro though) The system can rot for all I care.
@@lelaoliver521 Now you have my attention sir How did you do this? Who's the knight in shinning armour? I am slowly giving up on all of these
@@thehunter9853 Sir? It's funny cos I'm a lady or doesn't it suit the "narrative"? It takes quite some level of patience and "Nancy Lynn Lewis" is the "knight", she was in the news alot in 2018. You can check her out online for more.
@@lelaoliver521 This right here is the second time I am coming across this name in a week. Came across her podcast and it was lit
@@lelaoliver521 Wow I know this little lady,, Once attended a seminar she was also in attendance here in Texas,, She speaks convincingly,, and you didn't need to bring gender into it.
I love these videos about people rethinking and reworking these traditional, stifling systems. It’s so inspiring. We are so creative and it’s time we stopped being bullied by big corporations and systems that ask us to bend over backwards and give up our entire lives in exchange for some money.
As a tradesman I want more and more people to work from home so there left traffic for me
Same
Well tell those who are able to retire but refuse to to retire!!!
As a remote white-collar worker, my respect goes out to you blue-collar folks. I get a migraine just thinking about rush hour traffic.
I agree!! With this
@@Kjf2691uh no, the more people working, the better.
I did this, I had a full time job as a quality assurance manager in a manufacturing facility and was secretly working remotely from the back of my BMW. For the summers I had a mini evaporative cooler that I bought on Amazon and for the winter I had heated, pants, socks and vest that were all heated by a battery. I did it for two years until covid hit and I lost my remote job.
There is nothing wrong with this. I have 3 remote jobs and I make £120k a year now so I cant complain.
How do you do this without the payroll departments of each job finding out?
@@David-no7zi the only one that would know is HMRC the UK tax collectors
@@Monaug5kid So I could, in all seriousness, have two PAYE jobs without either employer finding out assuming I deliver the work, am available for all meetings ect...
@@David-no7zi yes. In fact I am still looking for one that is weekend mornings
@@Monaug5kid Thanks - I'm a software dev with about 15 years experience so I think I might be ideal to follow this kind of plan too. Will look into it.
I work two full time jobs, both blended in person and remote. I'm overworked. I don't recommend it. If I didn't live in NYC and need to keep up with cost of living here I'd never do it.
Bulls eye, it all comes down to the induvidual requiements depending on where you are located.
If you work remotely in both then why do you choose such as expensive city? Especially during the pandemic and lockdowns.
9:30 - Overemployment will not fly at FAANG style companies. Most of them have "up or out" policies. If they don't see you eventually becoming senior, you get kicked out pretty fast.
It is when there is a huge demand for Labour, I’ve gotten fired so many times this years but cause I’ve had like 6/7 jobs to fall back on I didn’t care, the training times like 11 weeks so I just chill there with the camera off and 🤷🏽♂️
Plus non-compete clauses and conflict of interest declarations. Not to mention using software/knowledge from Company A at Company B can be a big no-no with HR, Legal, or even the SEC, at public companies.
I think these folks are playing with fire, and are just banking on chaos & goodwill to not get caught.
Yeah... no. This is just wrong
@@mandisaw it’s so funny when workers do things like this it’s such a big deal but there’s minsters and politicians having 2 jobs.. even big senior brasses may be a consultant somewhere else, why is it okay for them and not the normal working class man?
@@mandisaw chaos pays… just like at the British government and how their friends and family have benefits from government hand outs and stuff
Realistically, how many hours do people actually spend working when they are at the office between meetings, chatting with coworkers, going for coffee runs and stuff?
I would guess it's about 2-3 hours at the most.
3-5 in my experience
Ikr these people found a way to be more productive than their companies want them to be
I think there’s some missing info here. Like, there’s no way, even as a software engineer, to be working for like, Google and Amazon at the same time. The meeting conflicts would hit you eventually. I think it’s much more likely that the second job is like, someone starting their own company, or working for a company that lets them do the majority of their work in the off hours. Unless you have virtually no meetings (devs have a lot of meetings) there’s no way.
I know a guy who used to work at CISCO and another company. he said he would have two laptops with two earplugs and whenever he had a meeting that overlaped he would have his camera off but pay attention to both meetings with one earplug on each ear
@@NicollasVerneck i did this before and had a moment when I was called in both meetings. It was a stressful moment for sure. I had to fake some technical issues
I know someone who had 2 dev jobs and he said you have to "direct" the schedule so meetings don't overlap. Meaning, say you like earlier standups so one job "picks" an earlier standup time than the other. Do that for all reoccurring meetings.
I am a software developer, and i have worked 2 full time jobs for 2 different companies for 9 months. It ain't easy, but totally doable. I now quit both of my previous roles and took another offer, back to normal work-life balance.
@@Dan-cz1ut What did you study? I want to be a software developer too!
Oh, come on. 99.9% of people aren't going to do this. Lots of people feel stressed out over their one job already.
True
That's not true since Not every Job requires that much work - In USA, Many People working on these VISAs are doing multiple Jobs(3 Jobs, 4 Jobs, 5 Jobs, 6 Jobs, 7 Jobs) which are unreported, millions of dollars have been siphoned off, transferred offshore, evaded Taxes.They interview for Multiple Jobs, they try to outsource the project work to offshore, Offshore does all the work and Money is exchanged in terms of percentages - 70%-30%, 60%-40%, 50%-50%.IT Staffing companies(smaller ones) operating in Dallas/Virginia/NorthCarolina Region and some in Offshore are encouraging and driving this Scam in a very bigger way - millions of dollars. While Hard Workers are Penalized But the Fraudsters are rewarded in a Big way " .
Anybody can do it and far more people actually do. It all comes down to your job and time management skills.
I think this perfectly explains what actually happened during the 'great resignation'.
No one quit anything. They just made more from home.
I don't know why I overlooked this aspect for the last 2 years but it logically makes too much sense.
Also, no one saved anything. They are combating inflation and getting paid what they really want if their current employer won't do it.
Corporations profits soared during the pandemic, I have zero issue with folks doing this.
Not profits, not for many of them. Valuation for almost every company soared. Because the stock market became over inflated. It's going to crash back down. Or inflation will bring it back to relative standards.
Brezos and the Walton's net worth soared because they have alot of stocks.
@@SoulDevoured Record corporate profits over the last two years.
9:33, actually software engineering doesn't work that way, you don't become a Senior Software Engineer by being at a company for a long period of time, you become a Senior Software Engineer when you improve your programming and problem solving skills as a developer. So it is possible to have two Senior Software Engineering jobs, it really mostly depends on your skill level
It is less stressful because you kind of have job security. And you get to apply organizational learnings from one to the other.
The way I see it is if you can perform as well as everyone else you work with then it’s fine. You yourself are a business just as the job you are working for is too. The biggest mistake I made in my career was staying the same company for 10 years. Trust me lesson learned.
It's not a crime. Inflation is sky high everywhere. Salaries and wages are not meeting the expenses of a family. Hence people will definitely look for multiple streams of income. The govts and corporates must understand this. 😎😤😤😎
If the corporate could understand, they would have already doubled the salary. You are right about salaries not being adjusted according to inflation anymore, but I think this is also about plain old human greed and I dont think anyone will accept they are doing it because of gree even if they were.
The govts and corps already understands this. But acting to fix it is another thing.
@@rylaczero3740 I disagree because greed is mostly associated with the rich, wealthy and wallstreet guys. The middle class and the poor have modest aims and goals in life and will be focused on how to manage their day to day expenses. They are less likely to enough savings which will not be enough to manage a sudden and unexpected expense in the future. Hence they search for multiple streams of income 😎😎😎
Oh they understand it they are just upset the serfs don't kiss the ground they walk on.
Bottom line: Your company does NOT care about you. You worry about you. Do only what you are pay for so you can enjoy the life you work for.
Preach.
Thanks Bloomberg, now employers will make sure to modify their contracts and make this even harder to do lol
exactly. I hate that they made this
@@yennefer559 ehh, companies are usually slow to notice this type of stuff and there's less of an incentive to actually fire someone for doing this unless it's tangibly affecting the company's profit. Passive income ideas already exist this isn't a new one.
Yep, can confirm. Recently got a new job and the contract prohibited being employed elsewhere simultaneously. But I don't think they added the clause after watching this video
But that doesn't matter since the whole point of this is that you do it secretly. Basically lie. So contract or not if they don't know then....
@@avarice4556 well in the age of max "productivity" hacks, using spyware on employee's devices to track how often their eyes are engaged with their screen and what tabs they open, you think they won't dis-allow this? lol. passive income or a second job in your down-time is very different from actively working multiple full-time jobs at once remotely often in overlapping hours by switching tabs and attention.
I'm a freelancer in video production and I've been doing this for years. It's not frowned upon, and is pretty common in what I do. But, when I have a heavy workload on 2-3 different jobs life outside of work is awful because of how much mental energy it takes just to coordinate work/correspondence/calls/etc. I've switched to having one main job that provides w2 income+health insurance, and then taking smaller side jobs. Allows me to take on extra work when I want it, and when I want some extra money. But, I'm not forced to work 12 hour days to survive anymore.
I think working two full times for a limited time is okay but long term that could be hard.
Billionaire's will see this as an opportunity to increase work loads, keep telling them how well your doing and see how long that lasts.
It's so simple you don't have to cheat the employer to work two remote jobs. Say you work 8 -5pm. You start your assignments at 5 am and end your day at 7pm. Plus no distractions it is easy. Not every job requires contributions like accounting or coding that task based.
This is why companies are requiring employees to return to office in at least hybrid schedules.
Yep
The key is to take the same position in two companies that are in direct competition
now thats just 900IQ move
I was thinking about this as the video progressed. You would have to be very careful about not using the IP of one company in another when doing the "same" job.
Its a clever idea, only having to to really do "one" job, but it has deep legal pitfalls if you arent careful.
@@codenamegrant Considering the fact that anything you make on company time in company computers is owned by that company, this is a terrible idea actually. You are bound to get in a legal disaster.
Even better - given that both companies goals are aligned, you could do 1 presentation about some new design or new direction you are taking the product .... and broadcast simultaneously to both companies at the same time. Save even more time !
Record the presentation, and sell it to that pesky 3rd competitor for the win.
@@steveoc64 are you back from Wonderland yet?
Your boss probably has several businesses. So.. you know. Why not.
🎯
"37% of remote workers have 2 full-time jobs."
That stat seems very high, I just can't believe it.
I don't believe it either
I did this for 1.5 years … somewhat easy… until I got caught because of an LinkedIn post praising me from the company I was a full time employee at and prioritized. Biggest issues is overlapping meetings.
Just be open about it and make it clear when you are available and when you are not available for meetings.
So you had linkedin account?
Its always social media that does people in. You shouldn't have had that place as a contact
It is definitely happening. Companies are evil so I don't feel bad for someone gaming them.
This is not new since freelance (remote) work has been available for some years now. I started remote work around 2017 and at the time, there were already an abundance of job opportunities and those that can work for more than 1 job are not shamed since working more allows them to earn more. I think as long as you are not violating any company policies.
Here is a question that needs to be asked. Why do people feel like they need to have 2+ jobs?
Sadly, I think most work places will come back with some BS excuse saying they have too much time on their hands. In reality, a lot of it heavily goes into money.
For anyone looking into doing this. I will be blunt in saying this can't last long at all. YOU WILL deal with extreme burnout and there will be some conflict at some point. So you will need to keep in the back of that mind what to do when that comes.
It’s very helpful and if don’t right I can be done long term. I’ve been working two jobs for two years now. I was able to pay debt off and I just purchased a home. Something that would have taken others multiple years took it a year and a half just to do.
A lot of remote work just showed us how much random stuff we do at work. A lot of the 8 hour day is just being ready to do something than actually do something. Why not use the time to do something else?
The 8 hour work day is more for labor jobs- they took what Henry ford did and applied it to the office lol it’s rare to be busy for 8 hours in an office setting
@@deesee3622 it's rare to be busy for *half that* in a day at the office for most people.
5:24 "...pretty stressed managing enough uncertainty." Ya know what kind of uncertainty causes a lot of stress?
Financial uncertainty! Like, say, I don't know, the uncertainty of a global 2008 financial recession. Or:
* the uncertainty of now knowing if you'll be evicted from your house.
* the uncertainty of wondering whether your significant other will leave/divorce/breakup with you due to you losing a steady stream of income
* the uncertainty of fearing how you'll be able to pay for food to keep yourself (and your family) alive
* the uncertainty of whether you'll be able to sleep due to the ubiquitous and constant pressure we all feel each day trying to keep our heads afloat in a society that worships the US Dollar
You know, that kind of uncertainty.
So I think if you can creatively figure out how to game a system that's stacked against you in a way that will eliminate or reduce that uncertainty, you should 100% do it.
Something I saw on a previous video regarding the same subject.
“If the second full time job was at Burger King on nights and weekends, no one bats an eye. BUT if it’s a salary position then everyone loses their mind!”
No matter how well I do my job, my workplace will not offer me a raise in ten years, and I will be penalized for doing my job faster and overall better. Companies are caught up in this 8-hour work schedule, so it's no surprise that people are trying to find alternative ways to make money with the time they have.
That extra $156,000 working two jobs removes all my stress!!
exactly!
Stop spreading peoples secrets! This is why we can’t have nice things! 😂
lol, "secrets" :D
It’s pretty ridiculous that someone should have to hide having a second job. These companies don’t own them. If they can get their work done in 20hrs instead of 40hrs then so be it. These companies don’t own them
some companies have clauses in their contracts; I dfeinltey wouldn't work for a competitor
Well, this sucks, I've been trying to get a remote job & can't even get an interview. Now, I find out that a growing number of people are getting more than 1 remote jobs.
You and me! I need this but can not get it...
@@NtandoMbele Start stuffing your resume with certification related to your field, sometimes a weekend online class gets you a cert
My employer gets a say about my 'off hours' when they explicitly pay me for those off hours. If they call it 'off hours' then they admit they have no rights to mention them.
Many of the people in my field, software development, leave places that try to over control them. Companies that care more about butts in seats then problems solved are going to attract people that sit aimlessly thru meeting and never finish anything, constantly creating tech debt or keys to the work that only they can solve.
This is hard when you have managers that micromanage you. He checked on me every 2-3 hours. I had to deal with that and he ended up finding out.
You wouldn't believe how easy it is to just ignore managers. If mine *DARED* to "check in on me" I'd resign on the spot.
@@StarContract that’s eventually what I ended up doing. We had a “performance evaluation meeting” in which he pointed out the issues he had with it and later that day , I resigned.
@@nathanheath1328 sorry you went through that! Micro managers are the worse
@@CherryJ2911 haha I know right! It’s okay though because now I’m set to make double what I was making at that previous job. It was a win-win situation for the both of us XD.
@@StarContract you first have to be a skilled worker. Sounds like the person being micro managed might not.
Its all fun and games until u send the assignment to the wrong job😂
That's part of the reason they were recommending that you need to keep the two jobs segregated on separate computers.
This just reinforces the idea that work from home employees don’t actually do much.
ACTUALLY skills developed across both jobs tend to benefit both jobs. The best practices from each organization are used and benefit both organizations.
I wont lie, working at home I do my 8 to 9 hours of work in roughly 4 to 5 hours. So there is techically a slot for another job.
Yep I think all of us who work from can get the job done half the time or less. We’re more comfortable at home and more refreshed from not having to be in traffic.
Also doing the same job everyday you’ll naturally getting faster
@@edb484 Also, its more quiet, no phone calls in the back and no people seducing me to have coffee with them.
Let's be honest, the conditions of work have been set by the employers, with a few moments in history when 8 hour work day was established. the key issue with work and what makes it problematic is that we as employees do not control out time, it isn't goal based for us, it is for the company, their goals and their timelines, not ours.
I love how "lower-class" people have been working multiple jobs that amount to two full time jobs (or more) for decades and it doesn't make headlines, but as soon as it starts to become a thing for white-collar workers then it's news.
It’s news because they are working the jobs during overlapping hours.
Nothing new. I've been working two remote job since June 2019. The key is don't be greedy and if you can't give the best for both companies, just drop one.
My friend had two jobs. She cleaned a building from 7am-4pm, and run to her second job from 6pm - 2am to clean the other building. She slept like 4 hours and did it again and again for years… She probably made $50,000 for both jobs.
That’s tough!
Yes, that's me. I'm all online, and I'm working two full time jobs. But tax is a bit troublesome.
Why is it troublesome?
@@frankg8861 I have 2 jobs. One pays well and the other not so much. The earning from the 2nd job falls under non-taxable, since its less than the taxable amount. However the two jobs combined, makes it fall under taxable income. This is one of the problems I face. There could be other problems too, from tax perspective.
@@sanjaydutta1832 That goes for all jobs.
@@rebeccafridaylover Not really, especially in India. if you earn less than Rs 250,000 then you dont have to pay income tax. If you have 1 job than pays Rs150,000 then you dont pay taxes. But if you have 2 jobs each paying Rs150000, then you have to 5% tax.
if you are living in America i think you only pay the surplus amout in that tax bracket rate, you will gaining nonetheless
7:10 - Self-worth - Very powerful statement about work devotion.
I just fear that companies will see this and the response will be "Oh, since you can juggle two jobs then we can pay you half as much, right?"
Companies ALWAYS find a way to come out ahead while pushing workers back down.
Do this to some one from tech, after a few month + some glassdoor review, company will not be able to hire people and existing employees will disappear soon. Your company is dead.
To that I respond with. You should be Paying me double because im being penalized for having the exceptional ability of doing your companies work and a high level and another company. They "own" 40 hours of work not all 168 a week.
As a remote worker I’ve been doing this and it’s insane. I’m 18 years old earning $40,000 a year.
Its soo worth it tho!
@@christalim7188 going insane is worth it? Sureeeee
wait... only 40k ? How can you live on that?
@@user-zu6fe9nk6u very carefully.
@D, he's only 18!
"2 jobs is unsustainable"
CEOS and Managers have schedules that are probably heavier in workload then two low level jobs.
What are you trying to accomplish with this title Bloomberg? I am a remote worker and I am not working 2 full-time jobs... I use the extra 3 hours I don't spend in the traffic to improve my skills for my current job or simply to work on myself, the productivity increased after going remote. Don't try to mess this up for us.
I have a hard time understanding why some people are against this. lower class does this all the time, work at two different fast food places with the managers knowing. Whats the big deal if some one builds websites for two companies.
I've held down 3 remote jobs for over 10 years. Its easy, if you can automate your work with macros and daily batch jobs .
What kind of jobs?
@@Thejoemegashow Bank jobs, automation of reporting using VBA mostly.