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* Upwork offers market-competitive benefits and compensation in order to attract and retain employees. | * Upwork offers market-competitive benefits and compensation in order to attract and retain employees. | ||
* Compensate high performers more than average performers. | * Compensate high performers more than average performers. | ||
=== Competition === | |||
Other than online freelance companiea such as Fiverr, Upwork faces competition from services providers described below; | |||
==== Traditional Staffing Agencies ==== | |||
* The Adecco Group | |||
* Randstad | |||
* Recruit | |||
* Allegis Group | |||
* Robert Half International | |||
==== Personal and professional social networks ==== | |||
* LinkedIn | |||
* GitHub | |||
==== software and business services companies ==== | |||
* Workday. | |||
==== Payment Businesses ==== | |||
* Paypal | |||
* Pioneer | |||
==== Online Job Boards ==== | |||
* Craigslist | |||
* CareerBuilder | |||
* Indeed | |||
* Monster | |||
* ZipRecruiter | |||
=== Cohort Analysis === | === Cohort Analysis === | ||
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* According to the company, "a client belongs to an annual cohort based on the date of first spend activity with talent." For instance, " the 2022 cohort includes all clients that had their first spend activity with talent between January 1, 2022 and December 31, 2022." | * According to the company, "a client belongs to an annual cohort based on the date of first spend activity with talent." For instance, " the 2022 cohort includes all clients that had their first spend activity with talent between January 1, 2022 and December 31, 2022." | ||
* '''In the year ended December 31 2022, 2021, and 2020, " client spend from new client cohorts was $507.6 million, $537.9 million, and $407.9 million, respectively."''' | * '''In the year ended December 31 2022, 2021, and 2020, " client spend from new client cohorts was $507.6 million, $537.9 million, and $407.9 million, respectively."''' | ||
[[File:Client cohort.png|thumb|553x553px|Source: Upwork 2022 10-K]] | |||
== References == | == References == | ||
* | * |