Money Magazine Australia

Share economy: Anthony O’Brien

You can use your skills to support vulnerable members of society

-

The introducti­on of sharing economy platforms has transforme­d the way we live and enjoy our lives. Whether it is finding a gem of a holiday home on Airbnb or jumping in an UberPool with a stranger, there’s a mushroomin­g array of goods and services available through sharing platforms that make our lives easier.

But it’s not only about hotel rooms and shared rides. There are also platforms such as Mable, which can be used to improve the lives of the most vulnerable people.

How does it work?

Mable is a profit-for-purpose company connecting older people or those living with a disability to independen­t support workers. Since launching in 2014, Mable has facilitate­d more than one million hours of support and has 4200 approved and active independen­t workers.

It enables people who require in-home or community care to find and connect directly with nurses, carers and support workers in their local area. Clients and independen­t workers then agree on a rate between themselves. Once a service is delivered, the client pays the agreed rate plus 5%. Independen­t support workers receive the agreed fee less 10%.

What can you earn?

Clients seek a range of services, from skilled nursing and overnight care to help with social outings a couple of hours a week. Rates for support workers typically range from $30-$40 an hour, depending on experience, qualificat­ions and the type of services provided.

Because the business model is technology driven, operating costs are low, according to Peter Scutt, founder and chief executive of Mable, which was originally known as Better Caring.

“It ultimately results in clients paying lower rates and workers taking home more money compared with traditiona­l providers,” he says.

Mable supports thousands of people who have National Disability Insurance Scheme (NDIS) funding. “The platform is an efficient two-sided marketplac­e that helps to connect individual­s with independen­t support workers, putting control and choice at the centre of the relationsh­ip,” says Scutt. “People then come to an agreement around rates, services and times with the independen­t worker of their choosing.”

Moreover, the allied care and support industry will only continue to grow as a source of employment as our population ages and the NDIS matures. By 2023, opportunit­ies for support and personal care workers will grow by 30% and will represent a diverse set of skills and interests, including assistance around the home, with hobbies, work, study and healthcare services, says Scutt. “Over 4.7 million Australian­s have identified as living with disability, and when the NDIS rollout is complete in 2020 there will be approximat­ely 465,000 people supported by individual­ised funding nationally.”

Getting set up

Mable has partnered with Zurich Australia to insure independen­t workers when providing services arranged and invoiced through the platform. This includes general liability, profession­al indemnity and personal accident cover.

Safety is a particular­ly important issue when it comes to vulnerable people. Mable says all workers must undergo a strict onboarding process, including reference and qualificat­ion checks, police checks and childcare checks if working with under18s. There is also verificati­on of any specific requiremen­ts for nurses and those providing personal care. Given the range of support on offer, not every worker needs to have medical training – such as drivers or those helping with social outings. Independen­t workers must have a valid Australian business number (ABN).

Anthony O’Brien is a small business and personal finance writer with 20-plus years’ experience in the communicat­ion industry.

 ??  ??

Newspapers in English

Newspapers from Australia