Online Work: Improving the World's Economy Through Global Job Opportunities RUNNER UP, MOST RECOMMENDED PROJECT EXPERIENCES FROM THE FIELD 2013

The world has a problem. More than 200 million people around the world are unemployed “Four years into the global crisis, labour market imbalances are becoming more structural, and therefore more difficult to eradicate.” — International Labour Organization Half of IT decision-makers surveyed by CIO Magazine said talent shortage is limiting their ability to innovate In 2011, when global unemployment was near a record high: 30% of U.S. companies had open positions for more than 6 months 80% of Japanese companies said the same

What if we brought the work to the worker? With online work, we can.

oDesk: The world’s largest online workplace Workers can access millions of job opportunities worldwide, giving them control over their career and earnings Businesses can find and hire the best workers, regardless of where they’re located, for the skills they need 3.2M freelancers 1.5M jobs posted in 2012 $360M billed in 2012

Benefits global economy on both sides Year 1 Year 3 oDesk contractors on average increase their hourly wage almost 60% in the first year and close to 190% over 3 years What Would Have Done if No Appropriate Online Worker

1 in 3 will be hired to work online by 2020 This empowers both: BusinessesWorkers