Gig Economy Challenge

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What was the Gig Economy Challenge?

We worked with the Mayor of London to design and deliver the Mayor’s Resilience Fund which included two phases:

Open call for local authorities, government agencies and charities in London to partner with us as problem-holders (2020)
Designed and delivered 10 city-based challenges (2021)

The Mayor’s Resilience Fund was funded by the London Economic Action Partnership. The Gig Economy Challenge was delivered in partnership with the Living Wage Foundation.

What was this challenge about?

Create a digital service for gig economy workers that analyses expenditure and remuneration data to provide insights that help them understand their take-home pay and if they are paid the London Living Wage.

Where was it focused?

Greater London

This challenge was delivered by Challenge Works in partnership with

What impact were we seeking?

Gig economy workers better understand how expenditure relates to their pay and impacts on their ability to meet the cost of living.
Data captured by the solution helps the Living Wage Foundation and other stakeholders to set expectations for gig economy employers to meet the cost of living for their workforce and ability to offer an accreditation solution in a challenging sector.
Longer term we hope this results in systemic change that includes more accredited gig economy employer pay rises for tens of thousands of workers

The finalists

Workerbird

The Workerbird solution helps gig economy workers understand their true hourly rate and whether this meets the London Living Wage. The simple app shows their data in a clear and impactful way helping them plan their finances.

FIND OUT MORE ABOUT WORKERBIRD

Financial Freedom by Monsterlab

Provides a one-stop shop for users to manage their finances, ensuring they have enough cash flow. It brings this information and insight together to reduce stress and improving the mental health of the user.

FIND OUT MORE ABOUT MONSTARLAB

Shiffle

Designed in partnership with gig workers, Shiffle is pioneering a new way to ensure that gig work is fit and fair for all by helping people build whole incomes from fractions of work and enabling work providing platforms to demonstrate their contributions, in real time.

FIND OUT MORE ABOUT SHIFFLE

Finmo

Finmo’s solution builds on their existing platform, where they provide software for multi-job workers to track their income and expenses and connect with an accountant to affordably file a tax return. They will then develop this further to allow gig economy workers to understand their take-home pay and how their net hourly wage compares to the Living Wage.

FIND OUT MORE ABOUT FINMO