Post by arfanho7 on Feb 22, 2024 4:30:02 GMT -5
Think of visiting a restaurant you might not otherwise have visited because you have a coupon for a half price meal. “The difference in a peer to peer market is that even though the platform’s objective is to get more people in individual workers aren’t likely to capture that future return ” says Stanton. Since workers are bidding out to jobs individually rather than developing a relationship with a particular employer over time he adds “they don’t have the incentive to internalize those future returns by providing a discount.”
CORRECTING THE IMBALANCE To account for this first timer penalty Stanton recommends that platforms like Upwork reduce fees for inexperienced employers. Presently the company America Cell Phone Number List charges a flat percent fee on all transactions. bring costs in line with those of experienced users while the platform would make less money on those individual transactions it would in effect be providing a discount that could entice more users to try out the platform and increase overall profits through repeat customers. For employers using these platforms meanwhile there isn’t much they can do to avoid paying higher hourly wages on the first few hires.
Until they get a sense of the variation in workers’ qualifications and a better feeling for finding the cheapest worker that can do a good job they simply must absorb the higher wages. Stanton advises novice employers to cut losses by dipping a toe in the water first. “They should start with a small task and build up experience before trying to do a more advanced project ” he says. “It familiarizes them with the market and the set of people that are likely to apply so they have a good sense for which applicants are a good match.”
CORRECTING THE IMBALANCE To account for this first timer penalty Stanton recommends that platforms like Upwork reduce fees for inexperienced employers. Presently the company America Cell Phone Number List charges a flat percent fee on all transactions. bring costs in line with those of experienced users while the platform would make less money on those individual transactions it would in effect be providing a discount that could entice more users to try out the platform and increase overall profits through repeat customers. For employers using these platforms meanwhile there isn’t much they can do to avoid paying higher hourly wages on the first few hires.
Until they get a sense of the variation in workers’ qualifications and a better feeling for finding the cheapest worker that can do a good job they simply must absorb the higher wages. Stanton advises novice employers to cut losses by dipping a toe in the water first. “They should start with a small task and build up experience before trying to do a more advanced project ” he says. “It familiarizes them with the market and the set of people that are likely to apply so they have a good sense for which applicants are a good match.”