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The unemployment rate drops its 41 states last month but the national rate remains at seven point eight cents -- what other job opportunities are out there well.
Our next guest is on the cards but what he says will become the future of the workplace.
And already getting close to a one billion dollar market by the end of this year joining us now -- -- -- Hello desk CEO and write off -- that we thought your business was so fascinating.
Tell our viewers how it works in a nutshell.
-- so -- -- -- is the world's largest online workplace we enabled savvy businesses an independent contractors to work together on demand.
So essentially businesses -- -- -- to -- to manage and pay all via the Internet.
Can I hide just as an example could I hired through your service a computer engineer who's sitting at -- and India.
You can so.
Businesses are finding that it's hard to find talent in their local geography.
And even if they can find it it's expensive it's time consuming it's very very competitive to hire good engineering talent -- higher on demand -- Via the web anywhere in the world so we've about two and a half million contractors.
We're ready willing and able to work from all over the -- How do you vet them I guess Kerry because I look at this and I say that's great but you know people don't just higher offer ressam anymore do that.
It's a great question and you know if you think about how you hire in the offline world you -- you wanna look at -- you wanna check references.
You wanna Sydney interview people you really want to validate that they have the skills.
And the knowledge and the the work characteristics that you're looking for and our platform is no different we provide full transparency.
To their previous work history.
You know its business can make -- -- decision about -- -- -- what about your business did you get paid by by both -- of this deal by the people hiring -- the people being -- Well what we do is we enable every contractor to set their own -- And our business model is stay at a 10% mark up on every hour bill so so far this year we've haven't -- over 26 million hours worked.
VR platform alone and we make a small percentage on each of those hours worked.
What somebody says what business -- -- -- it is there a new sector of that you call that's it Internet hiring I mean we we've seen monster.com another website certainly but.
This is a little but differences and it.
It is different yes so we call it online work and really online work is any work that can happen via the Internet so it's -- Fed's done in front of the computer.
Where it isn't necessary for the person to be on premise so it can be jobs like web development like we talked about.
-- can be quality assurance it could be writing translation.
Even accounting or legal work that can be done on line.
Do you ever miss IBM you I should mention UK for IBM huge mega company may yet give miss those days are -- Well look I I don't miss those days you know what's exciting about our businesses that.
We really do believe it's the future of work by the year 20/20 we think that one in three workers will work on line -- post on site and you know even at IBM.
I they set me up with a home office -- -- have to go in the office every day so I think even big businesses are innovating and they're looking for.
More effective ways to get work done.
The other thing I would say is you know if you think about e-commerce.
And the fact that we do a lot of shopping online is supposed on site it's really about finding the right good getting delivery of the good and paying for the good will work is really no different.
Find the right worker get delivery of the work and pay for the work so it should be a a pretty impact full business.
For the way the world works very Smart -- -- CEO congratulations on the business pick up thanks very much for thank you thank you.
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