The Rise of Specialists Online: Growing Opportunity for a Long Tail of Skills

August 5, 2013 by

The Internet is the main driving force of long-tail markets, as suppliers of these more unique items are now able to tap into buyers via online marketplaces (such as eBay and Amazon). But what if the long tail phenomenon spread to a more advanced market, one that would bring a broader economic impact? In other words, what if it spread to the world of work? As oDesk approached $1 billion cumulative spent hiring via our site, I wondered if the long tail was taking hold in our online workplace. With the Internet opening up access to businesses and professionals worldwide, I hypothesized that plotting oDesk skills data would show a long tail. Read Full Article

Fastest-Growing Skills in the oConomy: Bright Spots that Represent Job Opportunities

April 8, 2013 by

Those following the U.S. jobs reports closely are experiencing whiplash after the March numbers were released last Friday. Following February's positive report, March results showed the lowest rate of labor force participation (63.3%) since 1979 — turning optimism into depression. According to the March report, almost half a million people simply dropped out of the workforce. What’s happening? We decided to look at our job listings and identify skills that could represent opportunity for frustrated job seekers. Read Full Article

The Blackouts in India, Seen in oDesk Data

August 6, 2012 by

A nationwide blackout in India recently left some 600 million people without electricity. Given that a large number of oDesk contractors are from India—it is the second-most active country by hours worked—oDesk Staff Economist John Horton set out to see if the effects of the blackout could be seen in our data. Here is his analysis. Read Full Article

Contractors Average 190% Earnings Growth in 3 Years: What’s Driving This Potential?

July 25, 2012 by

Online work provides a huge opportunity for people to grow their careers. After 36 months on oDesk, contractors earn an average of 190% more than they earned during their first month on the platform. The growth curve is dramatic: oDesk contractors increase their earnings by an average of 60% during the first year alone. In addition to tenure on oDesk, we looked at two significant factors that accelerate earnings growth for contractors on the platform: education and prior (non-oDesk) work experience. Read Full Article

Welcome to the New Home of oDesk’s ‘oConomy’

July 2, 2012 by

The oConomy is a stream of new, data-based insights into the way the world is working. The data driving the oConomy is data we collect as part of running the world’s largest online workplace. Each day, we record jobs posted on Desk, applicants sent, hours worked, tests taken, etc., for all participants in our market. This level of detail gives us an unprecedented, amazingly rich view into the workings of a real labor market. Read Full Article

Work 3.0: The Office Has Left the Building

December 12, 2011 by

Imagine a world where employers have access to the best global talent, with just a click. One where people can work whenever they want, wherever they want, however they want. In this world, businesses can hire talent on demand, without worrying about complicated compensation packages, long hiring cycles or expensive overhead. In this world, people can work with companies from across the globe, instead of just those within commuting distance. This world is not imaginary — it’s Work 3.0, and it’s already here. In his presentation last week at the GigaOm Net:Work 2011 conference, oDesk CEO Gary Swart explained what Work 3.0 looks like, and how it is changing the world of work. Though many companies are already taking advantage of the technologies that power it, Work 3.0 is just getting started. Given the tremendous possibilities of this way of working, Work 3.0 will likely become commonplace much sooner than you may think. Here’s why: Every business runs on talent. “It’s the single biggest lever we all have in our companies, regardless of the size, yet we’re all struggling to find good talent,” Gary explained. Traditional hiring is expensive and time-consuming, especially when you consider how competitive it is to attract and secure the best talent, and that “typically the talent doesn’t live where the jobs are located.” But the times, they are a-changing. In the past two decades, we have gone from Work 1.0 — rigid, structured, on-premise work for one employer — to Work 2.0, where work is performed on site, but improvements in technology infrastructure have brought more flexibility to the workplace. And now, with further improvements in software and cloud-based applications, we are passing through the gates of Work 3.0 — a world where work is on demand, virtual and remote. A number of … Read Full Article

Where the Jobs Are: Hiring in the Bay Area

October 3, 2011 by

We recently provided data to the Wall Street Journal about the online hiring trends in the San Francisco Bay Area. While the article listed out the information on the growth of the Ukraine as a source of talent for Bay Area employers, there are a few additional compelling nuggets of data to be found. Read Full Article

In-Demand Skills in a Borderless Economy

January 4, 2011 by

Online work is creating an economy of opportunity — where work is not linked to location, but to skills, experience and abilities. For employees and contractors, this allows them to manage their own work-life balance, get paid based on merit, and access an entire world of work opportunities. But what skills are in demand when the talent pool is worldwide? Read Full Article

Trend Spotlight: WordPress

September 29, 2010 by

Wordpress has become synonymous with blogging. While it isn’t the only content management system, it is certainly the most popular in the oConomy, amongst the Technorati Top 100 blogs, and arguably the largest on the Internet with over 27 million publishers . The Wordpress trends page offers additional insight into this hot online publishing platform. Read Full Article

Don’t Discount Android…

May 24, 2010 by

Q1 2010 mobile phone sales figures are rolling in from several research firms, and in turn, the analysis of Android devices and iPhone sales are flowing in the news and blog world as well. Android has grown significantly to become a serious iPhone competitor, but Google's App Market is yet to follow suit. Read Full Article

Games and Apps Drive Android and C++ Demand

April 21, 2010 by

The monthly oDesk Online Jobs Report is a great chance to take a look at where the demand for skills are and - more importantly - where they are headed. Following the trends in demand for online work can help you make sure you're harnessing the right skills to secure work in the future, and help you command top-dollar for your in-demand skillset. Read Full Article

The Dropout Economy and Remote Workers

April 19, 2010 by

As independent contractors working remotely are we members of the Dropout Economy? Are we the tame corporate-friendly dropouts who've voluntarily traded in our benefits packages to have the freedom to work without a tie, be home to see our kids after school, go for a hike on a Tuesday afternoon, or have the freedom to build and grow our businesses without feeling like our hands are tied by a slow moving bureaucrat overlord? Of course we are. Read Full Article

The Net Neutrality Debate

April 14, 2010 by

Since Comcast's successful appeal of the FCC's enforcement of Net Neutrality, the blog world has been buzzing with opinions surrounding the ruling by the U.S. Court of Appeals for the District of Columbia Circuit. While the court cases and policy debates are far from over, this was the first big ruling in the US, enforcing an ISP's authority to filter and throttle traffic on it's network--in this case, peer to peer file sharing over the bit torrent protocol. Read Full Article

Coworking and the Future of Work

March 16, 2010 by

Yesterday, Gary shared his vision for the future with attendees at SXSW 2010 as part of the panel “What Coworking Tells Us About the Future of Work”. Today, he shared with me some of his thoughts on coworking, co-location, and the future of work: Coworking is the future of work. There’s a community, a synergy, bred by coworking that may not exist in corporate-mandated structures. Where I differ from the other panelists, though, is that I don’t believe coworking needs to be tied to a physical location. Clay Spinuzzi shared this earlier. The key for me is that this “space of endless mobility” this “space made of flows of information and communication” is managed by the Internet. Think about it… If its managed by the Internet, why do I have be at a physical THERE? With this in mind, what does the future of work look like? It’s Coworking without location. Currently, people are telecommuting. They’re working from home, from coffeeshops, from coworking spaces. They are making a shift away from rigid corporate structures towards a more flexible, more online way to work. And it’s a shift that will keep growing. How do I know? Because oDesk has more than doubled in size, year over year, for the past 3 years. How much work is really happening online? To provide a little perspective: In just one week, online workers accomplish more online workers accomplish more than 80 years worth of 40-hour workweeks. How do they do it? It’s transparency. The Internet has opened the door for this open, free flow of information and communication between workers and employers, beyond the limitations of the physical environment. As an employer, you gain the ability to collaborate with workers anywhere in the world, and find the best … Read Full Article