If you are a taxi driver in Singapore, you might be thinking about joining your rival soon.
At least that's what some of your counterparts have been doing the last few months. According to Straits Times, an industry source said that around 30 to 40 per cent of drivers who signed up for GrabCar and Uber fleets are former taxi-drivers.
The hiring rates of traditional taxis such as Trans-cab are declining fast as well. This leads us to wonder: will taxis one day become extinct here?
We at GET.com will help you decide which company is the best to join if you are considering driving as a occupation or looking to switch companies:
A Little Background About The Newcomers
There are mainly two newcomers in the ride-booking services market, Uber and GrabTaxi/GrabCar (see the main differences between Uber and GrabTaxi here).
These services have been fuelled by a new wave of sharing-economy: using private cars for chauffeuring services.
There's little to frown upon as it works out to be a win-win situation for both drivers and consumers - drivers operate on their own flexi-schedule and can defray the high cost of car-ownership by earning an income out of it.
For consumers, the cost is pretty competitive compared to traditional taxis and these services ease the supply shortage during peak hours.
On the latter's side, there's almost no difference in terms of fares, except that you might get a driver who is less familiar of the routes compared to a more experienced taxi driver, which may cause you to be late at your destination.
On the drivers' side, the benefits to driving with the newcomers seem much more attractive compared to the traditional cab service.
Firstly, these new companies are more technologically savvy, translating these to more efficient services via their user-friendly mobile booking apps and cashless transactions.
Drivers can also use their own vehicles for the service, essentially cutting out a huge chunk of their operating costs.
They can drive as they like with no minimum hours or kilometres to fulfil, and stand to gain from the attractive marketing campaigns these companies offer.
- See more at: http://business.asiaone.com/career/...job-join-uber-or-grabcar#sthash.re7cUl0Y.dpuf
At least that's what some of your counterparts have been doing the last few months. According to Straits Times, an industry source said that around 30 to 40 per cent of drivers who signed up for GrabCar and Uber fleets are former taxi-drivers.
The hiring rates of traditional taxis such as Trans-cab are declining fast as well. This leads us to wonder: will taxis one day become extinct here?
We at GET.com will help you decide which company is the best to join if you are considering driving as a occupation or looking to switch companies:
A Little Background About The Newcomers
There are mainly two newcomers in the ride-booking services market, Uber and GrabTaxi/GrabCar (see the main differences between Uber and GrabTaxi here).
These services have been fuelled by a new wave of sharing-economy: using private cars for chauffeuring services.
There's little to frown upon as it works out to be a win-win situation for both drivers and consumers - drivers operate on their own flexi-schedule and can defray the high cost of car-ownership by earning an income out of it.
For consumers, the cost is pretty competitive compared to traditional taxis and these services ease the supply shortage during peak hours.
On the latter's side, there's almost no difference in terms of fares, except that you might get a driver who is less familiar of the routes compared to a more experienced taxi driver, which may cause you to be late at your destination.
On the drivers' side, the benefits to driving with the newcomers seem much more attractive compared to the traditional cab service.
Firstly, these new companies are more technologically savvy, translating these to more efficient services via their user-friendly mobile booking apps and cashless transactions.
Drivers can also use their own vehicles for the service, essentially cutting out a huge chunk of their operating costs.
They can drive as they like with no minimum hours or kilometres to fulfil, and stand to gain from the attractive marketing campaigns these companies offer.
- See more at: http://business.asiaone.com/career/...job-join-uber-or-grabcar#sthash.re7cUl0Y.dpuf
