Lacking access to traditional employment benefits, gig workers are often considered the “most financially stretched” demographic, especially with the escalating cost of living.
To provide more worker benefits to the gig economy, Jobs on Demand (Jod), Singapore’s first multi-industry flexible on-demand gig work platform, has launched JodRewards, an initiative that incentivises users who complete jobs on its platform, on Thursday (May 2).
The JodRewards Benefits Programme comprises three tiers: Bronze, Silver and Gold. Members can progress through these tiers by accumulating points through the user’s activity level on the platform.
These points can be used to redeem a comprehensive suite of benefits tailored specifically to the needs of gig workers, including insurance-based benefits such as personal accident coverage with up to S$3,000 in medical expenses and up to S$100,000 in permanent disability and accidental death coverage.
Apart from this, the program also provides redeemable rewards. For instance, members can redeem benefits such as paid break time, allowing them to receive payment for up to one hour of break time, and paid annual leave, which provides a S$80 payout for a rest day.
“We are excited to launch JodRewards and play a leading role in empowering Singapore’s gig workforce—an important backbone for today’s economy,” said Sebastian San, Singapore Country Manager of Jod. “Since the launch of JodRewards, we’ve sponsored over S$400,000 worth of Group Personal Accident and Group Public Liability coverage for over 300 jobs.”
Currently, JodRewards has accumulated around 60,000 users with over 1,000 active engagements and a redemption of 65,000 points (equivalent to S$$12,755 worth of rewards) since its soft launch in April.
The program also saw strong participation in challenges, with close to 800 members participating in them throughout April. The points earned through these challenges could be redeemed for transport, meal, and grocery vouchers worth up to S$20 each.
In the coming months, JodRewards will continue to expand its offerings to include benefits such as Prolonged Medical Leave, and a first-of-its-kind Worker and Hiring Manager Cancellation Coverage in Southeast Asia.
This initiative aims to address the uncertainties inherent in gig work arrangements, fostering a more equitable and sustainable future in the dynamic world of gig work.
Featured Image Credit: JodRewards
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