Markets

Navigating the Hush-Hush Realm of Overemployment: Insights and Investment Impacts

Published November 14, 2023

In recent times, a silent phenomenon known as 'overemployment' has been on the rise, where individuals hold multiple jobs without their employers' knowledge. This trend has given rise to a special set of terms and a unique culture amongst those who navigate this stealthy practice. This article dives into the lexicon of the covertly overemployed, offering insight into their world, while also evaluating the influence of such trends on the broader market and on specific stocks like META and EFX.

Understanding Overemployment

Overemployment is characterized by individuals taking on multiple full-time remote jobs, often in the tech sector, without disclosing this information to their respective employers. This precarious balancing act requires a specialized vocabulary for discreet communication amongst peers. These workers discuss their situations using cryptic language to ensure their multiple engagements remain secretive.

The Jargon of the Overemployed

Those who are overemployed may refer to a secondary job as their 'side gig' or 'project,' downplaying its significance. Meetings might be called 'syncs' or 'catch-ups' to seem less formal, and discussions about navigating multiple work schedules often include talk of 'time-blocking' or 'calendar optimization' to prevent conflicts and maintain the facade of dedication to a single role.

Impact on Investments and Stock Evaluation

While the secretive nature of overemployment makes its full economic impact hard to measure, it can influence investor sentiment towards companies such as META, known for its social connectivity platforms, and EFX, a major player in consumer credit reporting. Both companies may be indirectly affected by the productivity and engagement levels of their workforce, which could, in turn, be impacted by employees juggling multiple jobs. Furthermore, trends in overemployment can potentially inform investment strategies in sectors likely to have a higher concentration of such employment practices.

Stock Spotlights: META and EFX

META, Meta Platforms, Inc., focuses on building technologies that facilitate connectivity and sharing via an array of devices worldwide, with its headquarters based in Menlo Park, California. Meanwhile, EFX, Equifax Inc., operates as a global consumer credit reporting agency and provides a suite of credit and fraud prevention services. Keeping an eye on employment trends, such as overemployment, might offer investors additional context when analyzing the performance and growth potential of such companies.

overemployment, investment, lingo