What’s it like to work for Lyft?

Petar Mikonossby:

Business

Lyft, a company founded by Logan Green and John Zimmer in 2012, with headquarters in San Francisco, is now a rapidly growing rideshare company in the United States. Ridesharing matches you with a driver that is going to pick you up and it only takes minutes. It has gained popularity as a more affordable and trendier alternative to a taxi. You can pay through the app, so no more worrying about carrying cash, and you get to rate your driver. So, now that we know why users love Lyft, what about the people that work for Lyft?

Lyft offers great perks for its drivers and those include:

  • Full-time support
  • Flexible hours
  • Truly easy online application
  • You get to be your own boss
  • You get paid up to 35$ per hour

    Img source: crainsnewyork.com

It seems like an amazing deal – get paid good money to drive your own car whenever you feel like it. And it looks like the drivers truly do love it.
Let’s start with the application procedure. The whole process is quite easy and fast. All you have to do is submit certain basic personal info, some photos of your car, driver’s license and personal auto insurance. For anyone worrying about the security and privacy when submitting personal info, the whole process takes place on Lyft’s website and Lyft will not require you to e-mail any other personal details. Once you submit your application, all you do is sit and wait for Lyft to call you and conduct a short and simple phone interview, generally focusing their questions on your life and your interests. Sounds easy enough, right? It typically takes them a couple of days to call, but in some cases, it can take weeks.
One big news from 2019, that we can’t just say nothing of, is the Lyft IPO. Lyft announced plans for an IPO expecting to value it between $20 billion and $25 billion.

Img source: AZCentral.com

Anyway, one of the main perks of working for Lyft is that you have the liberty of deciding when you’re going to work. Setting the hours on your own can make a job far less stressful. You start by setting your personal preferences where you describe how many hours you’re ready to work per shift or per week, and then you mark the hours on the online scheduler. You can always decide to not do the hours you chose, but you have to cancel 24 hours in advance if you wish to leave your reliability rating intact.

When it comes to the pay, it’s simple enough. You get to keep 80 percent of what you earn of each fare, while Lyft takes other 20 percent. There are always other hidden costs that people often forget about and those include gas, carwashes, tolls, maintenance… The more you drive, the more often you’re going to be visiting the mechanic. There is another thing to consider – the wage floor. The wage floor means that, in case you’re not getting any rides in hours, Lyft will pay you 15$ per hour as an incentive to keep you on the road. Of course, in case you earn more than that, you’ll get to keep that higher amount.

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