All Things Upwork

oDesk Data Reveals the Future of Work: Our Top Posts for 2012

Here at oDesk, we analyze data to better understand trends and growth — plus, we just like exploring the world of online work. As it turns out, you find the numbers just as interesting as we do! All but one of our top five oDesk posts from 2012, as determined by viewership, center around the “oConomy” — not just the world of online work, but the role oDesk plays in this ecosystem. Here’s a quick recap of the year's most popular posts. Read Full Article

The Way We Work

Large-Scale Experiment Shows Working From Home Improves Performance, Reduces Costs

While evidence shows that telecommuting can improve productivity and employee satisfaction, some businesses still have lingering concerns that remote workers will shirk their responsibilities given such flexibility and lack of supervision. One major Chinese company recently decided to find out for sure. In perhaps the largest-scale remote work study conducted to date, CTrip—China’s largest travel agency with a $5 billion valuation on NASDAQ and 13,000 employees—set out to investigate the benefits, drawbacks and feasibility of implementing a widespread work-from-home policy. The results, published by Stanford’s Economics Department and the Stanford Graduate School of Business, with cooperation from CTrip, were overwhelmingly positive. Read Full Article

The Way We Work

Digitization of the Supply Side of the Labor Market

We are witnessing an unprecedented, voluntary data collection and digitization of the supply side of the labor market. This “supply digitization” is going to be very impactful, because once the supply side of the labor market is digitized, platforms can begin making data-driven, highly contextualized recommendations to both sides of the market. In other words, the more detailed digital data these platforms have, the better they are able to recommend highly relevant jobs to job-seekers and equally relevant candidates to employers. But there still remains a lot of work to be done for this machine-learning research to reach its full economic and even humanitarian potential. Read Full Article

All Things Upwork

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

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

All Things Upwork

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

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