What happens to pay during the holidays?
- Hourly pay for flexible work in service-related industries may rise during the fall if the economy reverts to pre-pandemic trends
- Businesses with higher demand for work on the actual holidays are likely to see large spikes in pay in their labor markets
- Other businesses can expect stable pay throughout the fourth quarter unless another wave of the pandemic disrupts labor supply
ECEC Release Briefing: Business Costs September 2022
- Business costs rose most quickly between June and September for ancillary roles in the service sector
- Increases in costs were down to around 1% for many hospitality roles after spikes in the spring
- Hourly labor costs in the industrial sector held steady
Employee Spotlight: Andie Morales, Vice President, Community Operations
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.
Labor Market Focus - Boston
The Boston area has some of the highest pay rates in the nation for flexible workers, with Pros on the Instawork platform earning more than the MIT Living Wage for single people without children. Demand for flexible work has also been rising steeply, with a 21% increase month-on-month for Boston businesses in August. Here we look at some of the longer-term trends in the Boston labor market.
Introducing the first State of the Flexible Workforce report
Roughly 76 million workers in the United States – more than half of the U.S. labor force – are paid hourly. Among them is a fast-growing group of workers deciding when and how to work based on their personal needs and financial goals. They're creating a new category: the flexible workforce.
Good experiences lead to worker loyalty
- Workers are more likely to return to work at the same business after both they and the business leave positive reviews
- Higher pay is not always linked to a higher likelihood of a given returning, though it does makes shifts more attractive to all workers
- Other non-monetary factors, like commuting time, may also influence workers' likelihood of returning