- Investment sought:
- Equity offered:
Shift work is sh!t work in London today.
People are being driven to the edge: unpredictable shift patterns, reduced hours, and low pay. Business owners can struggle with cost pressures, technological disruption, and business-killing rates of staff turnover.
It doesn’t have to be this way.
We’re HireHand – a labour platform that puts people first.
We get people the extra hours they need, when it suits them. We do this by matching them with business owners who need more help at busy times.
We’ve helped over 2000 people earn £3M by providing high-value support to 750 businesses owners in the London food retail sector.
We do this with our 20 factor algorithm, built by ex-SwiftKey engineers and the labour optimisation expertise of former McKinsey consultants.
We are bringing our proven solution to new markets. Next stop construction in London and Food Retail in New York.
We aim to set the standard for shift work in these disruptive times.
We provide people with flexibility and stability instead of insecurity and under-employment.
We give business owners the sustainable staffing model that otherwise eludes them.
Practically, we connect single parents - who can work in between drop off and pick up, with restaurants in London - who need an extra pair of hands during the lunch rush.
This is the future of work.
We believe that increased automation and cost pressures will not eliminate the need for human labor. It will, however, change shift patterns - leading to shorter shifts at different times over the day.
This is true today in blue collar industries (e.g. food retail and construction) and tomorrow in white collar industries (e.g. health care and professional services).
Based on our own research, we have estimated the future of these industries in the image below.
Our labour platform is built for this future - we see the scale of the opportunity as staggering.
Let’s capture it together and preserve work for future generations.
Substantial accomplishments to date
Our simple revenue model involves charging businesses a service fee of 20% on top of the hourly rate paid to Hired Hands.
This fee equates to approximately £2/hr (£10 per shift) in the food retail sector and will increase as we aim to move into higher value industries in the next few years.
The full automation of our platform has enabled us to begin pursuing licensing opportunities in adjacent industries and geographies.
This has the potential to be high-margin revenue and allow us to “test” new sectors in a footprint-light way before building a pool of labor.
Use of proceeds
We have the right vision to preserve work for future generations. We have a proven solution. Now is the time to widen our footprint.
The money will go for additional technical talent and then to launch in London construction (scaffolding) and New York (food retail).
Please note, the company has an outstanding loan of £47,500 with an interest rate of 5% pa. None of the funds raised will be used to repay this loan.