The business world is buying into online work, literally putting their money where the best talent is more accessible today: online. Elance-oDesk is the only online business—and the first ever—to be included in the annual listing of the top U.S. staffing firms by Staffing Industry Analysts (SIA).
Ranked 29 out of 124 companies listed, Elance-oDesk’s position is remarkable not only because of the innovation in staffing it indicates, but also because it already outranks 75 percent of the traditional firms.
“Staffing Industry Analysts changed its 2014 U.S. staffing and talent engagement market share report to include online staffing companies. Based on revenue managed through their system, Elance-oDesk is the U.S. market leader in the online staffing category,” stated Timothy Landhuis, senior research analyst.
According to SIA, companies spent $1.3 billion on online staffing last year. Elance-oDesk accounted for more than half of that at $750 million.
Online work lets businesses find talent when they need it, hire on demand and work directly with these professionals—a change from traditional staffing firms, which act as intermediaries between organizations and the freelancers they want to engage.
This gives businesses of all sizes control and flexibility. SIA predicts the online staffing industry could grow to $47 billion by 2020.
This shift is making it faster and easier for businesses to hire for the skills they need, when they need them, while freeing professionals to work anytime, from anywhere.
“An average job on our platform fills within three days and about a quarter of jobs fill in 24 hours or less,” said Jon Diller, VP of Enterprise Solutions at Elance-oDesk. “Our customers are delighted by this efficiency because it helps them get to work faster.”