Monthly Labor Market Report - July 2022
Every day, the Instawork platform handles thousands of transactions involving businesses and hourly professionals, generating a huge amount of data on hourly pay as well as other aspects of the labor market. This report summarizes some of the major trends in demographics, roles, and worker constraints in regions across the United States.
Career paths in flexible work
Key takeaways
- Flexible workers can pick up skills and experience that offer career advancement outside of traditional channels.
- Career paths include movement to higher-wage roles and from shift work to permanent hires.
- Flexible work can be a "try-before-you-buy" recruiting tool as well as a source of temporary labor.
How expanding our business network improves outcomes for hourly work
Key takeaways
- When more businesses join the Instawork platform, network effects bring benefits to existing partners as well.
- These benefits include higher fill rates, higher-quality workers, and higher satisfaction with completed shifts.
- The benefits are connected to the diversification of our business partners and not just higher volumes of shifts on our platform.
Employee Spotlight: Dan Kaplan, Stadium Teams Lead
Our mission at Instawork is to create economic opportunities for local businesses and professionals, globally. In order to achieve that mission, we have built a team composed of talented and hard-working individuals who are passionate about connecting skilled hourly professionals with local businesses who need their services.
Monthly Labor Market Report - June 2022
Every day, the Instawork platform handles thousands of transactions involving businesses and hourly professionals, generating a huge amount of data on hourly pay as well as other aspects of the labor market. This report summarizes some of the major trends in demographics, roles, and worker constraints in regions across the United States.
How high gas prices affect in-person hourly workers
Key takeaways
- Workers have been traveling further to complete shifts this year than at the same time last year.
- But workers are not willing to travel as far this year for the same pay, reflecting the pressure of higher prices.
- Businesses will have to pay more to induce workers to make longer commutes.
The premiums for night, weekend, and holiday shifts
Key takeaways
- In general, workers expect higher rates of hourly pay for shifts that take place during nights, weekends, and holidays.
- These premiums are highest in hospitality and lowest in industries related to non-perishable goods, including logistics and retail.
- For businesses that can't raise pay any more right now, a variety of other factors can make shifts more attractive to workers.
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