1 in 10 Americans work in the hospitality industry. The average wage is only $13.48 per hour for non-supervisory employees. In Pared’s markets, New York and San Francisco, the cost of living is so high that this wage makes it impossible for people in the industry to make ends meet unless they have multiple jobs. Razor thin operating margins mean restaurants can’t always provide the hours an employee needs. Juggling multiple work schedules and working 10-20 days straight without a day off would take a toll on anyone. Exhaustion, injury, illness and stress are the results of not being able to properly rest. Physical and mental health become casualties in the life of a restaurant worker.
It doesn’t have to be that way. Our mission at Pared has always been to make restaurant life easier for both the people that run restaurants and the people that work in them. For the people that work in the industry, this means giving them better earning opportunities, providing them access to learn new skills and meet new people, and empowering them to work flexibly on their own terms. Pared allows industry professionals to pick and choose where and when they want to work. They can optimize for their own schedule by working closer to home or experiencing a new cuisine or restaurant environment. Through their gigs, they are regularly networking and creating valuable connections in the industry. And most importantly, Pros are making more money and taking time to rest.
In 2018, Pared Pros on average earned $19.66 per hour at an annualized income of $40,890. One Pro made $8,921 in October alone. Another Pro earned $59,000 over the year. Instead of getting paid minimum wage by a restaurant to wash dishes on a Friday night, a Pro can earn $30 per hour from a busy restaurant that desperately needs last minute staff and is willing to pay for the pro’s skills. We make it possible for professionals to find these opportunities and maximize their earning potential. One of our top pros has even built two houses back in his home town in Mexico for his family with his earnings.
For most, working in hospitality is a career, it isn’t a side job. Cooks, dishwashers and servers don’t want to drive for Uber or shop for groceries to make ends meet. By working on Pared, they make more money than they would with other gig economy platforms because they are skilled and restaurants are willing to pay for those skills. Not everyone can do knife work or even wash dishes properly.
Those that continue to work on Pared find more value in the platform over time as they build up their reputation and skills. Restaurant operators rate and favorite Pros which helps them get access to more gigs. Learning skills also unlocks new roles for them. More roles and gigs means more income. Pros prefer to work primarily on the Pared platform instead of balancing two or three jobs to make ends meet. Those Pros who stay on Pared longer make more money. Pros who have worked on Pared for 18 months make 75% more on average than when they first started. We’ve heard from so many of our Pros how thankful they are to be able to spend more time with their families and loved ones now because of Pared. Others tell us how they are now able to travel the world knowing they have income they can rely on when they return.
The numbers speak for themselves, but we also hear from our Pros time and time again about how much we’re impacting their lives. You can see story after story of Pros who have benefited from Pared in our featured Pro-files here on Beyond the Pass. These stories inspire our team to work even harder to continue serving those who serve us. Here are just a few of their amazing stories:
We are proud of what we’ve built but there’s still much work to be done. We want to bring the benefits of Pared to more restaurant professionals across the country. We want to create better products and features to make it even easier for Pros to manage their schedules and make more money when they want to. Young chefs want to travel and experience the world and we want to enable them to be able to pick up gigs anywhere, anytime. We can’t wait to hear more stories of how we’re impacting Pros lives and we’re just getting started!