As the economy rebounded from the COVID-19 pandemic, job vacancies increased to record highs of over 7% in late 2021 and early 2022. As of December of 2023, the job openings rate remains higher than pre-pandemic levels. Accordingly, the need for high quality workers is more important than ever as these sought after employees have more choice in a landscape where there are more job openings than available employees.
By giving workers more stability, easier access to their earnings, and above market wages, WorkWhile is able to offer corporate clients a high quality, reliable workforce to fill high-demand roles like light industrial and last-mile courier delivery right when they're most needed. Average no-show rate for WorkWhile workers is only 5%, and WorkWhile's predictive machine learning models can predict with 76% accuracy whether or not a worker will turn up for a shift. To date, WorkWhile has filled shifts at companies like Advance Auto Parts, Ollie's Bargain Outlet, Good Eggs, Thistle, Edible Arrangements, Dandelion Chocolate and Bassett Furniture, among others.
"Hourly workers are an incredibly important part of our economy, as evidenced by our current worker shortages and the 10 million open jobs in the US," said Euston. "These workers play a key role in helping address the supply chain crisis, worker shortage and other challenges we find ourselves facing as an economy today. By not only treating workers well, but also investing in technology like WorkWhile's labor API, we're proactively addressing our client's challenges and making daily operations smoother and more automated."