Introducing Pay Transparency for App Based Workers

We’re excited to announce the launch of the gig worker toolkit dedicated to reimagining independent work. Solo’s intelligence platform removes the uncertainty of when, where and what job to work by exposing real time earnings across multiple jobs; helping workers optimize their time and stabilize their income.

A growing, fragmented gig economy

More Americans than ever are engaging in “gig work” (60m+ expected in 2021) due to a combination of the COVID-19 pandemic and the increasing number of options that exist in transportation - specifically ridesharing, courier service, food and grocery delivery. Gone are the days where people are clocking in at their 9-5 as it’s estimated that the majority of the working population will be engaging in some sort of independent contractor work by 2027. With this growth has come an increasing number of options for flexible jobs that workers can take advantage of.

Volatility and a lack of clarity around pay

“Turn them all on and go with what seems to pay the best given the information available” - Jim (Doordash, Postmates & Instacart)

While the mantra of “Be Your Own Boss” or “Make Money on Your Time” has been an alluring tagline for companies such as Uber, Doordash and Instacart, the reality is that this flexible work is volatile and unpredictable. Workers face tough daily decisions around when, where and what job will be the most lucrative every day. Reliable information is sparse, which can lead to a lack of earnings security for workers day to day and week to week. This lack of transparency on the worker side leads to suboptimal decisions, lower earnings and ultimately more rapid churn out of this dynamic source of income. As one worker told us,  “The flexibility can be both so attractive - yet volatile and anxiety inducing.”

Solo plans to change that

We’ve spent our careers on the inside of these gig economy companies and set out to build a smarter platform with workers as the focus. This starts with solving the most crucial problem you face every day – creating earnings security by helping you solve that problem of where, when and what job to work.

Using aggregated earnings data from each city we can take the guesswork out of gig work and help you, the worker, leverage the same information the companies have to make the best decisions for yourself. Ever wonder what others make in your city? When peak times are for different jobs? Whether you qualify for certain jobs? With the initial Solo tool kit you have the ability to:

  1. Seamlessly link your accounts in minutes
  2. Confidently set your earnings goals by knowing the busiest, highest paying jobs that fit your schedule
  3. Track your progress with a personalized, real time earnings dashboard
  4. Compare your performance to peers in your city when it comes to earnings, tips and ratings
  5. Share tips, tricks and more by connecting with other Solopreneurs your city

This is just the beginning

We know there are a lot of things that need to change about this space - including making it easier to move quickly between jobs, getting you better tax tools, tailored financial/insurance services and access to benefits that fit your professional plans. Today, it starts with making sure you can count on a reliable source of income while not sacrificing flexibility. Together, we can start tackling some of the most pressing issues facing the gig economy and reimagine what independent work looks like in the 21st century.

We hope you join us in building the Solo community.

- The Solo Team