FreemarketHub


Freedom that makes employees happier,
and company—more efficient!

FreemarketHub helps your company to perform better through making employees happier by giving them more freedom in all aspects of their work (what work they do, how they do it, when and where they work, and how much they work at all) and rewarding them fairly.

It is achieved through distribution of all work bits via internal company marketplace where employees can propose on which conditions they could do particular work pieces (how they want to do it, in which time, and on what budget), and project leader/manager chooses the most suitable person & offer for each work.

Freedom & Fair reward

Happiness

Creative, Quality & Effective work

What is freedom in work?

It is possibility to choose What, How, When, Where & How much work to do.

Which reward is fair?

Fair reward is determined via internal company market through demand and supply for the services of particular person.

What to do

Freedom in what to do means giving the space to choose what employees can work on. Usually choice of work is driven by weighing folowing factors:

  • What one likes to do.
  • What one believes in, thinks is important, thinks would make a difference.
  • What one can get better paid for (taking into account his skills required).

Given enough freedom everybody can indicate their preferences which would maximize thier happiness.

How much to work

Not everybody is happy with working standard 40h a week: it depends on a person and even for the same person changes from time to time.

After all, hours don’t matter - results do. So leave it up to people: full time, less or more.

People themselves can manage their own time better than anybody else can do it for them - they know it the best if they have the capacity to take on more work or not, when they can deliver, how much it would cost.

When to work

It shouldn’t matter for the employer: regular work hours or weekends, early mornings or late nights - whatever makes the worker happy.

Where to work

Once there’s no need to control if employees are working (right there, right now), there no necessity for having any requirements about that.

Moreover, it's even better for the employer if employee can work outside the office because it yields lower office costs.

Marketplace for a project work

  • All things to be done on a project (work items) are published by project leader (buyer/customer) on company’s marketplace.
  • Project leader invites all people whom he wants to do particular work items to get their responses about those works.
  • Anybody who’s interested (service provider aka vendor) can give his answer if he is interested or not, and how much time / what budget he needs to accomplish it.
  • Buyer (project leader) selects the most appropriate service provider (or multiple providers) to do the job and makes micro-contracts with them in terms of budget, delivery date and other necessary requirements.
  • Budget points earned by a service provider can be used to assess demand and interest to work with him within the company and their usefulness and reward him accordingly.
  • Project leader is assessed by his ability to achieve project goals on agreed time and budget and rewarded accordingly.

Micro-contracts

Micro-contracts help to clearly define objectives and measurable goals of the work and allow to connect payoffs to achievement of those goals.

When creating work item buyer describes what and how should be done including important acceptance characteristics (goals). Buyer can also define payouts or they can be proposed by sellers.

Contracts payoffs

  • Fixed payoff,
  • Payoff range (exact amount specified by seller when job is done),
  • Acceptance payoff (paid if goal was achieved - decided by buyer),
  • Performance rate payoff (payoff per unit - multiplied by characteristic/goal measured and provided by buyer).

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