IRVINE, California, September 5, 2016 /PRNewswire/ --
On a day established to honor the American worker, ShiftPixy announced a new app that automates recruitment and scheduling for shift-driven businesses as part of its complete human capital management (HCM) ecosystem. ShiftPixy's complete HCM ecosystem manages regulatory requirements such as paid time off (PTO) laws, insurance and workers' compensation, minimum wage increases, and the Affordable Care Act (ACA) and helps employers minimize administrative burdens while connecting them to an available workforce.
ShiftPixy is the first to address the challenges of operating in the on-demand, gig economy as an employer of shift workers, in compliance with increasing regulations, including the ACA, through its comprehensive platform. ShiftPixy currently supports 3,500 employees in the workforce and 150 clients through its HCM ecosystem, helping to alleviate costly administrative requirements. The app - available today to ShiftPixy clients - is the latest piece in the ShiftPixy ecosystem, providing a powerful scheduling and recruiting platform that gives operators real-time access to thousands of mobilized, geographically relevant shift workers.
According to co-founder and chief executive officer Scott Absher, the ShiftPixy app and HCM ecosystem are simultaneously pro-business and pro-worker. In addition to helping operators run more efficiently, ShiftPixy serves as the employer to its workforce, helping workers expand earning potential enabling them to secure work from multiple operators in order to supplement part-time hours or reach full time hours and eligibility for health benefits.
"As the gig economy continues to take root in a changing workforce culture, ShiftPixy is revolutionizing the way employees and employers connect at a time when changing regulations have placed stress on operators and workers," said Absher. "Through the ShiftPixy app and our ecosystem of human capital management services, we aim to close the gap between employers, who need more shift workers at fewer hours, and workers, who need more shifts to maintain income."
Empowering Employers in the On-Demand Economy
The app is a logical fit for the millennial generation, a key demographic for shift-driven businesses like restaurants, hospitality and healthcare. Recent research conducted on freelancers in the gig economy shows that 32 percent of millennials believe they will be working mostly flexible hours in the future, and approximately 41 percent of millennials are likely to download applications to use for work purposes in the next 12 months.
"Workers in the restaurant, hospitality and other shift-based industries are being limited to less than 29 hours of work by employers due largely to the implications and expense of the Affordable Care Act, leaving them to cobble together work from various sources in order to earn a living," said Steve Holmes, co-founder of ShiftPixy. "ShiftPixy is bringing dignity back to part-time workers by giving them ability to easily map together work from multiple operators, reach full-time status, and earn benefits."
ShiftPixy App Features and Benefits
The intuitive and user-friendly ShiftPixy app delivers comprehensive, real-time content for workers to identify and submit for available shifts, calculate income and host a video resume. The app's dashboard gives workers - called ShiftPixy Shifters - an at-a-glance status (available or not available for shifts) and a summary of scheduled shifts along with hours, duration, pay rate, the address, distance and time from their present location.
Shifters can browse open shifts, sorting them by starting time and date, rate, distance, role or operator type. Operators review submissions and can access the Shifter's live resume, which is updated in real-time based on completed shifts.
The ShiftPixy app is now available for current ShiftPixy clients and Shifters and will be available to others via iPhone and Android download to access the ShiftPixy ecosystem in Q4 of this year. For more information, visit http://www.ShiftPixy.com.
ShiftPixy is a disruptive human capital management (HCM) services provider revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. With expertise rooted in management's nearly 25 years of workers' compensation and compliance programs, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy. ShiftPixy's complete HCM ecosystem manages regulatory requirements such as paid time off (PTO) laws, insurance and workers' compensation, minimum wage increases, and the Affordable Care Act (ACA) compliance.
ShiftPixy is on track for an initial public offering in Q4. The initial public offering for ShiftPixy is on track with WR Hambrecht + Co acting as sole underwriter. ShiftPixy is offering its securities under the Regulation A+ framework, enabling non-accredited investors to invest in the company in advance of the IPO. For more information, visit https://wrhambrecht.com/ipos/shiftpixy-inc-regulation-a-ipo/.
WRH+Co has been focused on opening up the investing world to as many people as possible at fair market prices and was instrumental in reforming Regulation A to help accomplish that for growth companies and investors. Our Regulation A+ strategy is a continuation of the Hambrecht legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.
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ShiftPixy has filed an Offering Circular for the offering of its securities on Form 1-A with the Securities and Exchange Commission but the Offering Circular has not yet become qualified. You may obtain a copy of the most recent version of the Preliminary Offering Circular with the following link:
No money or consideration is being solicited by the information on this website or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor's indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.
The offering is being made only by means of the Offering Circular. The securities in our offering may not be sold nor may offers to buy be accepted prior to the time our Offering Circular is qualified by the SEC. Any information on our website or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.
 "Freedom Economy Report," Spera, 2016.
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SOURCE ShiftPixy, Inc.