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The day after the article was published, Wonga collapsed
into administration, following a deluge of compensation
claims costing £550 per claim to process.
The demise of Wonga, formerly Britain’s largest payday
lender, leaves behind a gap which highlights the importance
of better, more ethical alternatives when it comes to shortterm
financing, filling its place.
Newcross: A ‘hybrid gig’
The millions of freelancers, contractors, temps and
on-demand workers in the British workforce share a
commonality: They together comprise the ever-expanding
gig economy. 9 For those building a career within the gig
economy, the configurations of pay and schedule are
virtually unlimited in scope. Flexibility is often cited by ‘gig
workers’ as the primary incentive for entering into this style
of employment.
According to new data by job search engine Adzuna.co.uk,
numbers of UK workers on zero hour contracts have more
than tripled since 2012, 10 propping up overall employment
levels by accounting for almost a quarter of overall
employment growth. This allows employers to hire staff
with no guarantee of work.
Newcross Healthcare have created a ‘minimum hours’
contract, allowing for malleability in terms of hours
completed, while still providing the security of guaranteed
work. The majority of healthcare staff members are on this
‘annualised hours contract’ of 337 guaranteed hours per
year.
Frequently addressed criticism of the gig economy often
refers to there being limited initiatives, minimal training
and very few gig worker-friendly policies. Every month,
Newcross deliver between 150 and 200 courses to over
1,000 Nurses and Healthcare Assistants.
Flexi Pay Newcross Healthcare | 7