Part-time working has become a part of South Korea’s labor market. With various factors, more people are choosing to do part-time work. So learn about the current number of people who do part-time jobs in South Korea here.
Statistical Overview
According to statistics, the number of part-time workers in the country has increased over the past decade. Around 5 million people, or 19% of the employed ones are working part-time. This shows the big role of part-time employment in South Korea’s economy.
Demographic Breakdown
A considerable proportion of part-time SK workers are women. They often prefer flexible work arrangements to work on their family responsibilities as well.
Also, more and more students work part-time to support their studies and gain work experience. Older adults who are about to retire also turn to part-time to remain active and get extra income.
Reasons for the Rise in Part-Time Employment
First of all, the high cost of living in SK calls for income sources for many. For that matter, part-time work offers a good solution for that. This is helpful to those who need to earn extra money without getting into full-time positions.
Other than that, with getting advanced degrees being more like a need, many students find part-time work helpful to cover tuition fees and living expenses. These jobs also provide the needed practical experience that can enhance their future jobs.
Lastly, many people choose to go part-time because of the flexibility the jobs offer. These jobs allow them to maintain a better work-life balance. The flexibility offered is highly appealing to parents, students, and older adults.
Implications of Part-Time Employment
On the positive side, part-time work provides income opportunities for both unemployed and underemployed people. It also allows businesses to manage labor costs more effectively. This is done by hiring workers as they are only needed. However, these jobs offer lower wages and fewer benefits compared to full-time positions.
Aside from that, the increase in part-time employment shows changing attitudes towards career flexibility. While this can lead to a better quality of life for some, it also raises concerns about job stability for many. Part-time workers may face challenges in getting benefits such as health insurance, retirement savings, and paid leave. These benefits are way more commonly associated with full-time employment.
And lastly, policymakers are considering measures regarding part-time jobs. This is done to ensure fair treatment and the best benefits for part-time workers. This includes proposals to enhance job security, improve working conditions, and provide access to social safety nets for those who are in part-time employment.