elance logoElance is an online work platform that allows the employers to hire contractors, globally. Using this online workplace is extremely simple and convenient for the users. All one need to do is; sign up and walk through the starting steps. Pupils can enter a precise description of their required or offered skills. Employers can showcase their project details along with other criteria like hourly or fixed price job, duration of the project and etc.

Once done with it, employer receives multiple proposals from worldwide contractors. Client can also review each and every contractor’s profile as well as their portfolio and feedback of the prior employers. Once done with the selection of the contractor, a virtual workroom has been assigned to the selected worker, enabling client to track his employee’s work. Elance also handles all kinds of payments, billing and compliance related matters of the contractors, so that, they could concentrate on their work.

Elance has been used for both simple and complex projects since its launch in 1999. According to the latest statistics released by Elance, more than 500,000 businesses have used it and more than 2 million contractors have cumulatively earned a hefty amount of 700 million up till now.

Elance identified that great resource has been scattered globally in the different geographical locations.  To hire a best employee on permanent basis is not always cost effective. Thus, Elance helps companies to hire their most desirable people at highly cost effective prices. This aids companies in reducing their overhead cost and reaping more profit margins.

Fabio Rosati has been working as a CEO of Elance. His vision has taken Elance to the new heights of success and glory. Today, Elance is one of the best online freelance marketplaces. There are hundreds of success stories linked with Elance. Want to learn more about outsourcing in the words of Fabio Rosati? Check out his exclusive interview with Forbes.com.

Video: Forbes.com – CEO Spotlight – Elance
(YouTube Release: September, 2009)

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