4 Reasons Why Online Outsourcing Will Continue to Fuel Job Growth in 2016 and Beyond

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4 Reasons Why Online Outsourcing Will Continue to

Fuel Job Growth in 2016 and Beyond

biz30.timedoctor.com


How Big is Online Outsourcing?


•Local Hiring: $1.6 Trillion spent on U.S. knowledge workers•Temporary Staffing Services: $98 Billion in the U.S. alone and $416 Billion worldwide•Traditional Outsourcing: $146 Billion spent just in the IT industry


Growth of Online Outsourcing


Over the past three years, the platforms Upwork, Freelancer, and 99Designs have shown significant

revenue growth.



By 2018, Online #outsourcing will be a 5 Billion dollar industry.


4 Reasons that Online Outsourcingis Growing


1 Online Marketplaces Promote Workplace Flexibility

Workplace flexibility is when employers grant their employees ability to spend at least part of their work

week away from the office.


According to Hok.com, about one-third of all knowledge workers in the private and public sectors are working remotely.



2 Businesses Get Access to Global Talent

Online Marketplaces Give Businesses of All Sizes Access To Global Talent Pool.



3 Workplace Flexibility ReducesReal Estate Footprint

Flexible Workplaces: Employee Perk Or Business Tool To Recruit Top Talent


Small businesses can also see the effects of hiring remote employees



4 Businesses get Access to Inexpensive Offshore Workers

Filipino workers are both affordable for small businesses and startups like ours and

speak great English


Popular Marketplaces

7biz30.timedoctor.com


1


is the byproduct of the merger of two of the largest online marketplaces, Elance and Odesk. Combined, they created the undisputed market leader in the industry.



2



Freelancer.com is a global outsourcing marketplace very similar in function to Upwork,which allows potential employers to post jobs that freelancers can then bid to complete.


3



We’re 99designs, the world’s largest online graphic design marketplace. We connect more than one million talented freelance designers with creative people, genius entrepreneurs, savvy businesses… anyone who needs great work.



DesignCrowd is an online marketplace providing logo, website, print and graphic design services by providing access to freelance graphic designers and design studios around the world.


5



If you need to hire someone local, then TaskRabbit is the platform for you. TaskRabbit allows you to hire people to do a variety of skilled and unskilled labor for your business.


6



Mechanical Turk is perfect for businesses that need jobs completed on an as needed basis. Much of the work that is performed by the workers do not require a lot of task specific training


7



is ideal for small and mid-sized business owners who need a one off project like a website, app, or even a blog post


The Marketplaces in the Online Outsourcing Industry have experienced rapid growth and have been instrumental in scaling startups in the past ten years.

This article originally appeared on Biz 3.0 blog

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4 Reasons Why Online Outsourcing Will Continue to Fuel Job Growth in 2016 and Beyond