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E-lancing
E-lancing, also known as e-labour, is the practice of taking freelancing work through online job offers. E-lancing websites or platforms operate as hubs where employers place tasks, which freelancers from around the world bid for. Some e-lancing websites act as intermediaries for payment, paying the freelancer directly after work is completed, to mitigate the risk of non-payment. The Economist Newspaper Ltd, 2010. "Work in the digital age: a clouded future". ''The Economist'', Volume 395, Number 8682, May 15th-21st 2010. Roto Smeets, Weert (Netherlands). Employers posting work on these websites set the price they are willing to pay for the task proposed. History In 2012, 1.56 million people were freelancers in the United Kingdom, a rise of 11.9% since 2008. Sebastian Trenner of the World Bank wrote in 2012 that online marketplaces were unlikely to produce a significant decrease in skilled unemployment.Trenner, Sebastian Conversely, Karsten Geis of Empirica Capital wrote in 2 ...
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Online Outsourcing
Online outsourcing is the business process of contracting third-party providers, which can be overseas, to supply products or services which are delivered and paid for via the Internet. Internet-based outsourcing Online outsourcing is the Internet-based version of outsourcing. This process is when one department, or indeed a whole area of work, transfers tasks and projects to a third party company. Examples of such tasks could be programming, web development and web design, multi-media production, logo design or search engine optimization not forgetting services like translations, research and editorial work. In this case, online platforms can serve to simplify the process of attaining and assigning project based work. IT work that is outsourced is temporary and assembled to providing short-term support, rather than working through the entire product lifecycle. Offshoring is a variant of outsourcing, respective tasks can be offshored by situating them in another country. This ...
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Fiverr
Fiverr is an Israeli multinational online marketplace for freelance services. Fiverr's connects freelancers to people or businesses looking for services. Fiverr takes its name from the $5 asking price attached to all tasks when the company was founded, though many sellers now charge more. Listings on Fiverr are described as diverse, ranging from "get a well-designed business card" to "help with HTML, JavaScript, CSS, and jQuery". The highest-paying jobs on Fiverr include website design, social media manager, proofreading, copywriting, and resume writing. Freelancers work from a variety of workplaces. The platform is global, with freelancers and businesses spanning an estimated 160 countries. Fiverr listed on the NYSE in 2019. History Fiverr was founded by Micha Kaufman and Shai Wininger. The founders came up with the concept of a marketplace that would provide a two-sided market for people to buy and sell a variety of digital services typically offered by freelance contr ...
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Freelancing
''Freelance'' (sometimes spelled ''free-lance'' or ''free lance''), ''freelancer'', or ''freelance worker'', are terms commonly used for a person who is self-employed and not necessarily committed to a particular employer long-term. Freelance workers are sometimes represented by a company or a temporary agency that resells freelance labor to clients; others work independently or use professional associations or websites to get work. While the term ''independent contractor'' would be used in a to designate the tax and employment classes of this type of worker, the term "freelancing" is most common in culture and creative industries, and use of this term may indicate participation therein. Fields, professions, and industries where freelancing is predominant include: music, writing, acting, computer programming, web design, graphic design, translating and illustrating, film and video production, and other forms of piece work that some cultural theorists consider central to the ...
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Intermediary
An intermediary, also known as a middleman or go-between, is defined differently by context. In law or diplomacy, an intermediary is a third-party beneficiary, third party who offers intermediation services between two parties. In trade or barter, an intermediary acts as a conduit for goods or services offered by a supplier to a consumer, which may include wholesalers, resellers, brokers, and various other services. "Intermediation" refers to a process matching two sides of a market, such as buyers and sellers by a third party such as a broker, agent, or wholesaler. The most common example of intermediation is in the finance industry, where it involves the matching of lenders with borrowers by a bank.''The Theory of Financial Intermediation''
by Franklin A ...
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World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its ...
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Empirica Capital
Empirica Capital LLC was a hedge fund founded in 1999 by Nassim Nicholas Taleb in partnership with Mark Spitznagel, that used Taleb's black swan strategy. The firm closed in 2005. The investment strategy of the fund has been explained in a ''New Yorker New Yorker may refer to: * A resident of New York: ** A resident of New York City and its suburbs *** List of people from New York City ** A resident of the New York (state), State of New York *** Demographics of New York (state) * ''The New Yor ...'' article. One of Empirica's funds, Empirica Kurtosis LLC, was reported to have made a 56.86% return in 2000 followed by returns of -8.39% in 2001, -13.81% in 2002, and -3.92% in 2003, according to an investor letter. Taleb has stated that he shut down Empirica LLC, in 2005 to become a "writer and a scholar". At the time he also "feared he might have a recurrence of throat cancer." In 2007 Spitznagel founded the firm Universa Investments L.P. with Taleb as an adviser using black s ...
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Freelancer
''Freelance'' (sometimes spelled ''free-lance'' or ''free lance''), ''freelancer'', or ''freelance worker'', are terms commonly used for a person who is self-employed and not necessarily committed to a particular employer long-term. Freelance workers are sometimes represented by a company or a temporary agency that resells freelance labor to clients; others work independently or use professional associations or websites to get work. While the term '' independent contractor'' would be used in a to designate the tax and employment classes of this type of worker, the term "freelancing" is most common in culture and creative industries, and use of this term may indicate participation therein. Fields, professions, and industries where freelancing is predominant include: music, writing, acting, computer programming, web design, graphic design, translating and illustrating, film and video production, and other forms of piece work that some cultural theorists consider central to ...
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Guru
Guru ( ; International Alphabet of Sanskrit Transliteration, IAST: ''guru'') is a Sanskrit term for a "mentor, guide, expert, or master" of certain knowledge or field. In pan-Indian religions, Indian traditions, a guru is more than a teacher: traditionally, the guru is a reverential figure to the disciple (or ''wikt:शिष्य, shisya'' in Sanskrit, literally ''seeker [of knowledge or truth'']) or student, with the guru serving as a "counsellor, who helps mould values, shares experiential knowledge as much as Knowledge#Hinduism, literal knowledge, an Role model, exemplar in life, an inspirational source and who helps in the spiritual evolution of a student". Whatever language it is written in, Judith Simmer-Brown says that a tantra, tantric spiritual text is often codified in an obscure twilight language so that it cannot be understood by anyone without the verbal explanation of a qualified teacher, the guru. A guru is also one's spiritual guide, who helps one to discover the ...
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Upwork
Upwork Inc., formerly Elance-oDesk, is an American freelancing platform headquartered in Santa Clara and San Francisco, California. The company was formed in 2013 as Elance-oDesk after the merger of Elance Inc. and oDesk Corp. The merged company was subsequently rebranded as Upwork in 2015. In March 2022, Upwork was named on ''Time''s list of TIME100 Most Influential Companies of 2022. History Elance was founded in 1998 by MIT graduate Beerud Sheth and Wall Street veteran Srini Anumolu in Jersey City. In December 1999, the company's 22 employees relocated to Sunnyvale, in California's Silicon Valley. Elance's first product was the Elance Small Business Marketplace. oDesk was founded in 2003 by two friends, Odysseas Tsatalos and Stratis Karamanlakis, who wanted to work together even though one of them was in the U.S. and the other was in Greece. Originally created as a staffing firm, oDesk eventually became an online marketplace that allowed registered users to find, hire, a ...
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Gig Worker
Gig workers are independent contractors, online platform workers, contract firm workers, on-demand workers, and temporary workers. Gig workers enter into formal agreements with on-demand companies to provide services to the company's clients. In many countries, the legal classification of gig workers is still being debated, with companies classifying their workers as "independent contractors", while organized labor advocates have been lobbying for them to be classified as "employees", which would legally require companies to provide the full suite of employee benefits like time-and-a-half for overtime, paid sick time, employer-provided health care, bargaining rights, and unemployment insurance, among others. In 2020, the voters in California approved 2020 California Proposition 22, which created a third worker classification whereby gig-worker-drivers are classified as contractors but get some benefits, such as minimum wage, mileage reimbursement, and others. Etymology of ''g ...
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Online Marketplace
An online marketplace (or online e-commerce marketplace) is a type of e-commerce website where product or service information is provided by multiple third parties. Online marketplaces are the primary type of multichannel ecommerce and can be a way to streamline the production process. In an online marketplace, consumer transactions are processed by the marketplace operator and then delivered and fulfilled by the participating retailers or wholesalers. These types of websites allow users to register and sell single items to many items for a "post-selling" fee. Because marketplaces aggregate products from a wide array of providers, the selection is wider, and availability is higher than in vendor-specific online retail stores. Some online marketplaces have a wide variety of general interest products that cater to almost all the needs of the consumers, others are consumer specific and cater to a particular segment. Online marketplaces became abundant in 2014. B2B online marketplac ...
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Freelance Marketplace Websites
''Freelance'' (sometimes spelled ''free-lance'' or ''free lance''), ''freelancer'', or ''freelance worker'', are terms commonly used for a person who is self-employed and not necessarily committed to a particular employer long-term. Freelance workers are sometimes represented by a company or a temporary agency that resells freelance labor to clients; others work independently or use professional associations or websites to get work. While the term ''independent contractor'' would be used in a to designate the tax and employment classes of this type of worker, the term "freelancing" is most common in culture and creative industries, and use of this term may indicate participation therein. Fields, professions, and industries where freelancing is predominant include: music, writing, acting, computer programming, web design, graphic design, Translation, translating and illustrating, film and video production, and other forms of piece work that some cultural theorists consider cen ...
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