While the US economy might be going into recession, I’m bullish on the oConomy.
We’re excited to announce the launch of the “oConomy”, a feature that publicly shares data from the oDesk network on hourly wages, feedback, jobs, and certification tests. We scoured through our internal database in order to offer a valuable resource for both buyers and providers to understand global trends and lead to more successful remote work relationships.
The oConomy summarizes trends based on record $22.5 million (and counting!) of work completed on oDesk. The oConomy data covers more than 1,600,000 hours of work completed by over 47,000 providers from over 90 countries.
One of the first things we wanted to do when analyzing all of the data was to provide a helpful world map with details on service providers by country. For buyers – it can be intimidating to select candidates for their job and we hope the Google Maps mashup helps shed some light on the hiring situation. For providers – we hope this map can help set expectations and serve as a helpful comparison point for their individual rates and skills against their peers.
Among some of the other insights offered in the oConomy:
• Indonesian Providers Earn Highest Average Feedback Scores (for countries with over 100 feedbacks)
• The Average oDesk Pay Rate Is $14/Hour
• Experience Is A Strong Predictor Of Job Performance
Here are just some of the many things you can see in the new oConomy:
We’re hopeful that sharing this data will help everyone out there learn more about the global economy by garnering insights from the slightly smaller oConomy. We look forward to continued growth fueled by our dedicated users and encourage all to comment on the data and maps that you see here to foster meaningful discussion about these global trends.