oDesk launches the oConomy
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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:
Top ranked provider companies on oDesk. The current top 10 are:
ISS Art
Impinge Solutions
SoftProdigy
SOFTREACTOR LLC
InterLink
Aarthika
UshaTech
Waverley Software
DevelopmentMill
Galindo Consulting Group
And lots of charts on every subject…
– Global hourly rate trends by week.
– Global distribution of provider rates.
– Feedback trends by Years of Experience.
– Number of Jobs posted by Type.
– Certification Test Statistics.
– Rankings of Individual Providers.
– Country List including Feedback Scores.
And even more data on oDesk’s growth trends. A few previews:
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.
oDesk shares new information through their “oConomy” - oDesk Insider
February 7th, 2008 at 3:44 pm
[...] oDesk announced a new feature called “oConomy” today, and I’ve had some fun checking it out. [...]
Odysseas Tsatalos
February 8th, 2008 at 10:17 am
There are some good posts, discussions going on, stirred from our oconomy launch – the result of giving better visibility to people so as they can understand rates, trends within their specific segment – whether that is geography or category etc
http://greenwhite.org/2008/02/08/food-for-thought-1173-freelancers-on-odesk-have-we-met-them-all/
http://ework.cz/odeskcom-few-updates/
odysseas
Igor Polyakov
February 11th, 2008 at 12:59 am
Thanks, oDesk, for this launch, ISS Art is happy that we’re on the top of the list of oDesk affiliates!
We’re with you from the time when oDesk was founded and happy to have a great business relation, with exciting business opportunities.
ISS Art always tends to improve quality of our services in Web Design and Software Development, we treat the first place in the list of oDesk partners as an appreciation of our efforts.
We believe that statistics oConomy provides will help young companies to grow and achieve our level of quality or even become better! Hopefully this information will help buyers to choose vendor not basing on a low rate (ISS Art rates are not too low), but basing on a balance of great quality, skills, experience and price.
Abhijeet Shahi
February 17th, 2008 at 4:13 am
I am not sure as to what criteria were taken while coming up with the list of ” Top Ranked Provider Companies”. Appears as if smartData fell outside the permiter defined to for filtering results.
While i congratulate all the top 10 companies however we will need to Push ISS Art to second position with our oDesk hours for the last 30 days surpassing 7000 hours.
Perhaps 7000 Plus hours never occurred to once mind however it is possible
or else we wouldnt have raked in 150,000 hours in total 
Best
Abhijeet
SDEI
Josh Breinlinger
February 17th, 2008 at 9:35 pm
Hey Abhijeet,
Thanks for the comment and congrats on recent milestones at smartData. We’re planning to add a few additional rankings and criteria for both provider companies and individuals. Then we can show the top 10 by feedback, total hours, recent hours, test scores, etc.
oDesk: Indonesian Providers Earn Highest Average Feedback Scores | free lancers hub
February 23rd, 2008 at 6:32 pm
[...] iseng-iseng jalan-jalan ke blog-nya odesk, gw baca postingan ini: oDesk launches the oConomy. Itu merupakan tools yang diluncurkan oDesk untuk membantu para buyer dalam menentukan akan memilih [...]