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November 9, 2011 07:00 pm GMT

oDesk: Online Work Market Will Grow To $1 Billion By 2012

odeskOnline outsourcer oDesk is reporting today that its contractors earned a record $22.3 million through the oDesk platform in October. This represents 90% growth from 2010. oDesk offers a marketplace for talent that makes it easy for companies to hire workers remotely. Last month, contractors worked a record 2.1 million hours through the oDesk website (up from one million hours per month a year ago) while businesses posted an a record 109,718 jobs to the service. The company expects the overall market for online work to grow to an estimated $1 billion in 2012.

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