Time Trade aka Time Banking is simply about spending an hour doing something for somebody in your community.

In recognition for your contribution you receive one Time Credit which you can then gift or trade, with other members of the community, in exchange for their talent and time. It’s a simple idea, but it has powerful ripple effects in building community connections.

Here at Worknow we are building an online system to automate the transfer of time credits between Community Members. Our Time Trade system comes online August 2009. For more information check out these links:-

• Find Connect Work
• Worknow Time Trade
• About Time Trade

The UK is heralding the flexibility & creativity, for which contractors are known, as the potential savior of UK economy.

UK organisations start to appreciate the benefits of a flexible contractor workforce, and …the positive impact interim executives and IT contractors are having in achieving technology innovation within large organisations, despite reduced budgets.

“The UK workforce has demonstrated unprecedented flexibility during this recession,” comments Keep Britain Working founder James Reed, “allowing organisations to explore a whole range of cost-cutting responses, other than relying solely on redundancies.”

The benefits of outsourcing and contract work are also being recognised here in Aotearoa as 63% of White-collar New Zealander’s look to sacrifice the security of nine-to-five salaries in order to head out on their own as private contractors.

As companies continue to let staff go and struggle to contain costs in the face of falling profitability both workers and employers are beginning to recognise that full-time permanent employment is not necessarily the most effective or efficient way to get work done.

The Benefits of Outsourcing Projects & Contract Work

By outsourcing work to private contractors businesses can get work done and maintain productivity while minimising payroll expense. While “employment” may by comparison seem safer, more secure, working as a private contractor also promises better pay and the flexibility to live a more balanced, family orientated lifestyle.

Future Models of Flexible Work

At Worknow we support a more entrepreneurial work ethic and are developing ways to help people find and connect with project contract work opportunities.

I came to odds once, with a baby boomer manager, who directed me to “spin” some benefits in a communication to  potential clients that I had been working with.

“It’s marketing 101,” she insisted, when I defended my copy as being honest and direct. There were no benefits for the client that I could fathom and when I raised this point she urged that I had best “learn how to spin” marketing copy.

“So you want me to learn to lie,” I thought.

In response I told her that I valued open, honest communication and while I was happy for my draft to be altered, I would not put my name to a communication that I did not support or believe.

Now, we both cared about the project but that I did not “comply” with her direction was solely a values based decision. I did not want to comprise my being open and honest  to learn how to “spin”  invented benefits for our clients.

I perhaps naively thought such values would be respected but as time showed,  she saw me as creating barriers to getting work done rather than being a person of integrity.

Baby Boomer vs Generation Y

In retrospect it is very clear that our generational differences, Baby Boomer vs Gen Y were at the root of our conflict:

[Gen Y are] are less afraid to confront and discuss issues with their peers and their superiors.

And how does this freedom and authenticity translate into the business world? It doesn’t.

It would crush the carefully constructed hierarchical structure to pieces. It’s a strange and obscure network of relationships that determines the real power in businesses.

If everything is said candidly and openly, this network loses its function. People lose their power. Read Source

Gen Y’s need for Authenticity

Because Gen Y want to feel that we work to contribute to something meaningful in this instance the idea of  inventing the truth,  a.k.a lying, was in stark contrast to my personal need for authenticity yet to my manager it was a learned and acceptable way to convey one’s point.

• For me, voicing my personal values, was part of being true to myself  but perhaps my manager considered it  insubordinate and a threat to her authority.
• For my generation (and other people)  working together  involves connecting and collaborating but many of the old school still adhere to the hierarchical methods of directing and controlling which were once the status quo.
• Consequently, to challenge my managers perspective, and assumed authority to direct my “compliance” was to risk my position within the heirarchy.

However, what must be understood about Gen Y is that our need for authenticity is a much stronger driving force than the false sense of security promoted by “employment”.

We are a generation willing to take risks, for ourselves and the things we believe in, which is a symptom of our stronger entrepreneurial tendencies.

Gen Y Perspective

While I am not exactly objective about the scenario related here it is simply a means to discuss what I see as the generational mindset difference between “manager employee” relationships of the past and the more entrepreneurial, collaborative teams of our future.

To qualify my point of view, I recognise that in some industries “employment” will always remain the most effective form of getting work done, retail for instance.

But I believe it is time to recognise that many forms of work in our knowledge economy  – web development, design and many creative tasks – need no longer operate as a manager employee relationship.

Indeed, contract outsourcing this type of work will increase productivity and save companies time and money by facilitating a more flexible, motivating work environment for people with specialised talent and skill.

New Zealand’s workforce is showing our ability to adapt and do things differently by considering contract work in favour of taking on the lower paid, less fulfilling full-time roles on offer. According to the online survey conducted internationally by recruitment firm Robert Walters:-

White-collar New Zealander’s are preparing to sacrifice the security of nine-to-five salaries to head out on their own as private contractors – in unprecedented numbers.

Nearly two out of three professionals (63 per cent) say they would be happy to take on a contract role, a new survey shows. That is higher than anywhere in the world except in Britain. Read Article NZ Hearld

As companies continue to let staff go and struggle to contain costs in the face of falling profitability both workers and employers are beginning to recognise that full-time permanent employment is not the most effective or efficient way to get work done.

The Benefits of Outsourcing Projects & Contract Work

By outsourcing work to private contractors businesses can get work done and maintain productivity while minimising payroll expense. While employment may offer security of income and contract work is comparatively higher risk, working as a private contractor also promises better pay and the flexibility to live a more balanced, family orientated lifestyle.

Future Models of Flexible Work

At Worknow we support a more entrepreneurial work ethic and are developing ways to help people find and connect with project contract work opportunities.

The specialist expertise held within the web development industry is a good example of when it is more cost effective to outsource solutions.

In fact finding the right person for the job, outside of your company, will most likely save you time and money but how exactly do you find them?

Finding the right people for the job, the hard way.

The last time I needed web developers I had to

1. Find web developers online, easy.
2. Compare existing portfolios to narrow my search.
3. Send out multiple identical requests for quote.
4. Communicate and deal repeatedly with similar questions to;
5. Enable a closer comparison of skill, experience and values to;
6. Decide who we would work with or at least further discuss our online development needs.

The process took 10+ hours of time over about 10 working days and provides a common example of how to waste time and money in your business. But there is another option for outsourcing which makes it more time and cost effective to connect with the right people.

Connecting People & Projects

In the USA sites like www.elance.com already  exist to promote and link people and work although in this case we mean work, as in tasks, one off jobs and finite projects rather than careers jobs.

For the freelance contractors that make a living by catering remotely to the business needs of others it is a very cost effective way to find work and earn a living.  In a few simple steps they can showcase their talent and skill, find work, gain experience and get paid for doing what they do best.

And for people in need of say web developers it is a guaranteed way to save time, providing an environment in which to connect, communicate, select and award work to the best person for the job.

Get a head start on your competition and join the Worknow community to post and find work for free when our online work-bid system arrives Winter09.