Another one bites the dust. That is, another Silicon Valley firm has reconsidered its on-demand contractors.
Honor, a startup that provides home care for seniors in the San Francisco Bay Area (and recently launched in Los Angeles), began last April as an Uber-like marketplace that matched freelancing care providers with the elderly and infirm. But that didn’t last long. On Wednesday, Honor announced that it will make its caregivers employees, giving them workers’ compensation and paid sick leave, as well as training opportunities.
Caregivers who become full-time employees for Honor will also become eligible for health benefits, as well as a perk usually afforded only to engineers and other more valued employees: stock equity.
“The backbone of Honor is technology, but Honor from a user perspective is a human services company,” cofounder and CEO Seth Sternberg told FORBES. “To have one class of employees who are the engineers at the headquarters who get equity and the other, the care professionals, who are expendable, that’s no good.”