Beating The Competition By Changing The Rules by Elance-oDesk - ArabNet Digital Summit 2014
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Beating The Competition By Changing The Rules by Elance-oDesk Speaker: Rich Pearson, Senior Vice President - Categories and Geographies, Elance-oDesk The way we work is evolving rapidly. Set-time, set-place boundaries simply no longer make sense. Companies have been innovating their IT infrastructure and shifting resources to the cloud, but it’s time to think bigger. Thanks to a Connected Era with unprecedented Internet access and rapid tech innovation, they can now access talent in the cloud as well. There are more than 5 billion people over the age of 16 on this planet, but we typically work within our limited professional networks. That leaves a vast talent pool that has previously been unknown to us. It’s only now becoming possible to identify this talent, as connectivity helps people around the world find each other online. In this presentation (originally given at ArabNet Digital Summit 2014), Elance-oDesk SVP of Categories & Geographies Rich Pearson discusses how work is changing, what it takes to attract top talent today, and why we need to reinvent the way we think of work to remain competitive. He also touches on the fastest-growing region for hiring on Elance-oDesk, the Middle East, and how this region is rapidly adopting this innovative way of working.
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Beating The Competition By Changing The Rules by Elance-oDesk - ArabNet Digital Summit 2014
- 1. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute. Beating The Competition By Changing The Rules Rich Pearson // SVP, Categories & Geographies Elance-oDesk, @pearsonisms
- 2. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute.2 Innovators win by changing the rules
- 3. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute.3
- 4. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute.4
- 5. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute.5 ce: http://www.wayfaring.com/maps/widescreen/4358
- 6. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute.6 Meet the Elance-oDesk team
- 7. 7 © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute. Can you do this too?
- 8. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute.8 How we work is changing
- 9. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute.9 The way we work is evolving Classified ads Job boards LinkedIn Online Workplace
- 10. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute.10 Elance and oDesk are the largest online workplaces in the world 8 Million+ Freelancers 2.5 Million+ Clients 180+ Countries
- 11. 11 © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute. Elance-oDesk in UAE
- 12. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute.12 25k UAE Businesses Hiring Online $20M+ (USD) est. spend in ‘14, #5 country on Elance + oDesk
- 13. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute.13 Breadth of Hires Expanding
- 14. © 2000-2014 Elance-oDesk, Inc. Elance-oDesk proprietary and confidential. Do Not Distribute.14 Meet Walied Albasheer Elance-Odesk’s representative in Dubai
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- How to beat the competition by changing the rules
- (change image) I wanted to share a story with you about a man named Vivek - Born in india Sporting background was cricket and soccer Daughter asked him to coach bbal Noticed that all the teams played the same way (score, run back and wait) The first 3 games, they did the same as all the other teams. They lost because they were smaller, less skilled, less experience Decides to teach them cover the whole court, run, no balls, scramble, fitness Result = destroyed the competition Coach and parents and parents moan He says it’s fair. By change rules, new skills gain competitve edge My talk today is about how you can change the way you hire into a strategic advantage for your department or company
- Elance odesk is located in silicon Valley
- We compete for talent with many of the largest tech companies in the world
- Not to mention the thousands of startups all looking to build the next Google The problems of this type of competition Three reasons Paying more Takes too much time -can’t find necessary talent, lower standards Enormous black hole sucking up all the talent in SV
- Today we have about 300 full-time employees and nearly 500 freelancers in over 50 different countries. This is the future. We’ve opened our eyes and looked beyond SV – to access the best talent on demand We’ve looked to freelancers in different countries We now have 500 freelancers in 50 different countries They are front end engineers, designers, writers, customer service agents We treat them as part of our team, include them in all meetings Show slide
- Why is this trend accelerating? There are a few different dynamics at play.
- How are we access the best talent that is tied to the best skills on demand. The face of the workforce has changed There is a freelancer movement This new generation not tied to a company, but to the best skills They want Employable vs Employed, income security vs job security It doesn’t resemble the old ways in which people like my dad worked 30 years for the same company Freelancers work on projects a few weeks to several months, honing their skills at all times
- Go fast
- We have two separate marketplaces elance.com, odesk.com Freelancers will earn nearly a billion dollars this year on our platforms
- What’s happening in the UAE 25k businesses hiring Desingers, mobile app developers, back end engineers, writers and customer service agents Growing over 50% a year But we’re not done
- By the end of the year, 25k businesses hiring on Elance, steady if not spectacular growth
- By the end of the year, 25k businesses hiring on Elance, steady if not spectacular growth
- To help support the companies hiring on Elance, we’ve hired a local representative Training seminars Carry you feedback to Silicon Valley To make sure our product meets your needs Walied is an Intrapreneur turned entrepreneur after years of experience in E-business innovation, corporate strategy & startup management .