Stint launches On-Demand Pay following calls from their student workforce
Stint launches On-Demand Pay following calls from their student workforce
Stint launches On-Demand Pay following calls from their student workforce
Stint, the flexible student work app, has partnered with Onsi to make the platform the number-one choice for students as it expands its network into new university towns and cities.
Disrupting the traditional staffing agency model, Stint allows students to work short shifts at hospitality venues. With the average shift lasting two to four hours, these ‘Stints’ can fit perfectly into the gaps in students’ study schedules. Meanwhile, the venues benefit from extra hands at their busiest periods.
Stint has experienced impressive growth since it was founded by two university students in 2018. It now has a pool of more than 250,000 people signed-up around the UK. It supplies staff to some of the highstreet’s biggest chains such as PizzaExpress, Gail’s, Gordon Ramsay Restaurants and Tossed. Stint is focusing on further improving the financial wellbeing of its ‘Stinters’ and hence found that Stinters would highly value on-demand pay as a benefit offered to them.
Hugo Murphy, Operations Director at Stint, explains why On-Demand Pay is such a favourite with workers and why they chose to partner with Onsi:
What prompted your decision to implement On-Demand Pay for your Stinters?
As Operations Director, my role is to make sure that Stinters have the best experience possible. We were looking at a range of different benefits we could offer them but On-Demand Pay ranked among the highest. With students, the propensity to potentially run out of money before your next paycheck is a bit higher, so being able to access your money immediately was really important.
What research or insights influenced your decision to adopt On-Demand Pay?
Our decision to adopt On-Demand Pay was primarily driven by two things. Firstly, we spoke to our Stinters and asked them questions like, how can we make Stint even better for you? What are the things you are looking for from the platform? How can we make your life better? We got lots of different answers, but On-Demand Pay kept cropping up. It hit home for us that we could provide them with this.
Secondly, we just saw on-demand pay cropping up more and more across the market. We saw other platforms offering it, and so we could see it becoming more popular and we thought that it would be a great benefit to offer our workers.
In what ways do you anticipate on-demand pay contributing to improved retention and satisfaction among your Stinters?
On-demand pay will help Stinters get more of what they need from the platform as opposed to just the work. The feedback has been great; the Stinters have been loving it. The implication is very much that this extra benefit will help them be happy with the platform, be happy with the product, and stay with us for a long time. I'm really excited to see that unfold.
How will you measure the success or effectiveness of the On-Demand Pay programme?
One of the main metrics we're trying to drive with On-Demand Pay is LTV, or quite simply just how long they stay on the platform. And so we're measuring, out of the Stinters that have signed up to Onsi so far, are they staying with us and how long are they planning on staying with us? And then comparing that to historic Stinters who haven't had this offering of On-Demand Pay.
As well as that, we'll be looking at their engagement with the On-Demand Pay product itself. How many are signing up to it? How often are they using it? As well as their engagement with some of the other benefits and discounts that Onsi offer, such as supermarket discounts.
How do you see On-Demand Pay fitting into the broader landscape of worker benefits and compensation strategies within your industry?
I think On-Demand Pay is one of a range of benefits that worker platforms need to offer to stand out. I do it think ranks as one of the best benefits you can offer a worker, especially in the current landscape with the cost of living crisis. Being able to access your money earlier is a real differentiator to the offering.
Why did you select Onsi as your on-demand provider?
When we were shopping around for an On-Demand Pay provider, we spoke to every provider in the market. I picked Onsi because they were the most accommodating to my requests - and I had a lot of them!
One of the main things we're trying to do with On-Demand Pay is stagger the benefits so we can offer our most loyal Stinters the best benefits out of all the benefits, and increase our LTV. Here’s how we have structured out tiers:
Tier 1: £1.50 per withdrawal
Tier 2: £0.00 per withdrawal, up to 8 withdrawals per month (and Stint cover the fee)
And so it was the whole tiering element of the Onsi product that really stood out for me. Also the UX on the app looks great for Stinters.
Let’s recap:
Flexible to accommodate my requests
Tiering so we can offer our most loyalty Stinters the best benefits
UX of the Onsi app looks great
Happy, helpful team to work with
The team at Onsi have been great to work with so far and we’re really looking to continuing the partnership ahead.
Stint, the flexible student work app, has partnered with Onsi to make the platform the number-one choice for students as it expands its network into new university towns and cities.
Disrupting the traditional staffing agency model, Stint allows students to work short shifts at hospitality venues. With the average shift lasting two to four hours, these ‘Stints’ can fit perfectly into the gaps in students’ study schedules. Meanwhile, the venues benefit from extra hands at their busiest periods.
Stint has experienced impressive growth since it was founded by two university students in 2018. It now has a pool of more than 250,000 people signed-up around the UK. It supplies staff to some of the highstreet’s biggest chains such as PizzaExpress, Gail’s, Gordon Ramsay Restaurants and Tossed. Stint is focusing on further improving the financial wellbeing of its ‘Stinters’ and hence found that Stinters would highly value on-demand pay as a benefit offered to them.
Hugo Murphy, Operations Director at Stint, explains why On-Demand Pay is such a favourite with workers and why they chose to partner with Onsi:
What prompted your decision to implement On-Demand Pay for your Stinters?
As Operations Director, my role is to make sure that Stinters have the best experience possible. We were looking at a range of different benefits we could offer them but On-Demand Pay ranked among the highest. With students, the propensity to potentially run out of money before your next paycheck is a bit higher, so being able to access your money immediately was really important.
What research or insights influenced your decision to adopt On-Demand Pay?
Our decision to adopt On-Demand Pay was primarily driven by two things. Firstly, we spoke to our Stinters and asked them questions like, how can we make Stint even better for you? What are the things you are looking for from the platform? How can we make your life better? We got lots of different answers, but On-Demand Pay kept cropping up. It hit home for us that we could provide them with this.
Secondly, we just saw on-demand pay cropping up more and more across the market. We saw other platforms offering it, and so we could see it becoming more popular and we thought that it would be a great benefit to offer our workers.
In what ways do you anticipate on-demand pay contributing to improved retention and satisfaction among your Stinters?
On-demand pay will help Stinters get more of what they need from the platform as opposed to just the work. The feedback has been great; the Stinters have been loving it. The implication is very much that this extra benefit will help them be happy with the platform, be happy with the product, and stay with us for a long time. I'm really excited to see that unfold.
How will you measure the success or effectiveness of the On-Demand Pay programme?
One of the main metrics we're trying to drive with On-Demand Pay is LTV, or quite simply just how long they stay on the platform. And so we're measuring, out of the Stinters that have signed up to Onsi so far, are they staying with us and how long are they planning on staying with us? And then comparing that to historic Stinters who haven't had this offering of On-Demand Pay.
As well as that, we'll be looking at their engagement with the On-Demand Pay product itself. How many are signing up to it? How often are they using it? As well as their engagement with some of the other benefits and discounts that Onsi offer, such as supermarket discounts.
How do you see On-Demand Pay fitting into the broader landscape of worker benefits and compensation strategies within your industry?
I think On-Demand Pay is one of a range of benefits that worker platforms need to offer to stand out. I do it think ranks as one of the best benefits you can offer a worker, especially in the current landscape with the cost of living crisis. Being able to access your money earlier is a real differentiator to the offering.
Why did you select Onsi as your on-demand provider?
When we were shopping around for an On-Demand Pay provider, we spoke to every provider in the market. I picked Onsi because they were the most accommodating to my requests - and I had a lot of them!
One of the main things we're trying to do with On-Demand Pay is stagger the benefits so we can offer our most loyal Stinters the best benefits out of all the benefits, and increase our LTV. Here’s how we have structured out tiers:
Tier 1: £1.50 per withdrawal
Tier 2: £0.00 per withdrawal, up to 8 withdrawals per month (and Stint cover the fee)
And so it was the whole tiering element of the Onsi product that really stood out for me. Also the UX on the app looks great for Stinters.
Let’s recap:
Flexible to accommodate my requests
Tiering so we can offer our most loyalty Stinters the best benefits
UX of the Onsi app looks great
Happy, helpful team to work with
The team at Onsi have been great to work with so far and we’re really looking to continuing the partnership ahead.
Stint, the flexible student work app, has partnered with Onsi to make the platform the number-one choice for students as it expands its network into new university towns and cities.
Disrupting the traditional staffing agency model, Stint allows students to work short shifts at hospitality venues. With the average shift lasting two to four hours, these ‘Stints’ can fit perfectly into the gaps in students’ study schedules. Meanwhile, the venues benefit from extra hands at their busiest periods.
Stint has experienced impressive growth since it was founded by two university students in 2018. It now has a pool of more than 250,000 people signed-up around the UK. It supplies staff to some of the highstreet’s biggest chains such as PizzaExpress, Gail’s, Gordon Ramsay Restaurants and Tossed. Stint is focusing on further improving the financial wellbeing of its ‘Stinters’ and hence found that Stinters would highly value on-demand pay as a benefit offered to them.
Hugo Murphy, Operations Director at Stint, explains why On-Demand Pay is such a favourite with workers and why they chose to partner with Onsi:
What prompted your decision to implement On-Demand Pay for your Stinters?
As Operations Director, my role is to make sure that Stinters have the best experience possible. We were looking at a range of different benefits we could offer them but On-Demand Pay ranked among the highest. With students, the propensity to potentially run out of money before your next paycheck is a bit higher, so being able to access your money immediately was really important.
What research or insights influenced your decision to adopt On-Demand Pay?
Our decision to adopt On-Demand Pay was primarily driven by two things. Firstly, we spoke to our Stinters and asked them questions like, how can we make Stint even better for you? What are the things you are looking for from the platform? How can we make your life better? We got lots of different answers, but On-Demand Pay kept cropping up. It hit home for us that we could provide them with this.
Secondly, we just saw on-demand pay cropping up more and more across the market. We saw other platforms offering it, and so we could see it becoming more popular and we thought that it would be a great benefit to offer our workers.
In what ways do you anticipate on-demand pay contributing to improved retention and satisfaction among your Stinters?
On-demand pay will help Stinters get more of what they need from the platform as opposed to just the work. The feedback has been great; the Stinters have been loving it. The implication is very much that this extra benefit will help them be happy with the platform, be happy with the product, and stay with us for a long time. I'm really excited to see that unfold.
How will you measure the success or effectiveness of the On-Demand Pay programme?
One of the main metrics we're trying to drive with On-Demand Pay is LTV, or quite simply just how long they stay on the platform. And so we're measuring, out of the Stinters that have signed up to Onsi so far, are they staying with us and how long are they planning on staying with us? And then comparing that to historic Stinters who haven't had this offering of On-Demand Pay.
As well as that, we'll be looking at their engagement with the On-Demand Pay product itself. How many are signing up to it? How often are they using it? As well as their engagement with some of the other benefits and discounts that Onsi offer, such as supermarket discounts.
How do you see On-Demand Pay fitting into the broader landscape of worker benefits and compensation strategies within your industry?
I think On-Demand Pay is one of a range of benefits that worker platforms need to offer to stand out. I do it think ranks as one of the best benefits you can offer a worker, especially in the current landscape with the cost of living crisis. Being able to access your money earlier is a real differentiator to the offering.
Why did you select Onsi as your on-demand provider?
When we were shopping around for an On-Demand Pay provider, we spoke to every provider in the market. I picked Onsi because they were the most accommodating to my requests - and I had a lot of them!
One of the main things we're trying to do with On-Demand Pay is stagger the benefits so we can offer our most loyal Stinters the best benefits out of all the benefits, and increase our LTV. Here’s how we have structured out tiers:
Tier 1: £1.50 per withdrawal
Tier 2: £0.00 per withdrawal, up to 8 withdrawals per month (and Stint cover the fee)
And so it was the whole tiering element of the Onsi product that really stood out for me. Also the UX on the app looks great for Stinters.
Let’s recap:
Flexible to accommodate my requests
Tiering so we can offer our most loyalty Stinters the best benefits
UX of the Onsi app looks great
Happy, helpful team to work with
The team at Onsi have been great to work with so far and we’re really looking to continuing the partnership ahead.
Members
Company
Onsi is a UK and EU insurance intermediary. Onsi is a trading name of Collective Society Ltd, Collective Denmark ApS (Onsi Denmark ApS) and Collective Netherlands B.V., who are authorised and regulated by the UK Financial Conduct Authority (No. 923788), the Danish Financial Services Authority (No. 42352985), and the Netherlands Authority for Financial Markets (No. 12049041), respectively. You can check this by visiting the UK Financial Services Register, the Danish Financial Services Register, and the Netherlands Financial Services Register.
Copyright © 2024 Collective Society Ltd, All rights reserved.
Members
Company
Onsi is a UK and EU insurance intermediary. Onsi is a trading name of Collective Society Ltd, Collective Denmark ApS (Onsi Denmark ApS) and Collective Netherlands B.V., who are authorised and regulated by the UK Financial Conduct Authority (No. 923788), the Danish Financial Services Authority (No. 42352985), and the Netherlands Authority for Financial Markets (No. 12049041), respectively. You can check this by visiting the UK Financial Services Register, the Danish Financial Services Register, and the Netherlands Financial Services Register.
Copyright © 2024 Collective Society Ltd, All rights reserved.
Members
Company
Onsi is a UK and EU insurance intermediary. Onsi is a trading name of Collective Society Ltd, Collective Denmark ApS (Onsi Denmark ApS) and Collective Netherlands B.V., who are authorised and regulated by the UK Financial Conduct Authority (No. 923788), the Danish Financial Services Authority (No. 42352985), and the Netherlands Authority for Financial Markets (No. 12049041), respectively. You can check this by visiting the UK Financial Services Register, the Danish Financial Services Register, and the Netherlands Financial Services Register.
Copyright © 2024 Collective Society Ltd, All rights reserved.