e_jond
posted this on May 01, 2009 01:28 pm
My Stats is a collection of important data that highlights your performance and ranking on Elance. As a freelancer, you can find your My Stats page by clicking the Find Work tab. Your My Stats page will show your Elance Level, Points and Ranking. Freelancers earn points based on their activity and achievements on Elance. Points are used to determine a Freelancer's Level on Elance and position in default search results. Learn more about Levels here.
The point system rewards freelancers who market their services effectively, deliver great work, maintain high levels of client satisfaction and develop lasting client relationships on Elance. Points are visible to the freelancers with premium memberships in the MyStats page. The point system is category-specific and based on key performance indicators: Service Delivery, Client Relationships and Marketing. See below for more information on what activity is factored into each of these areas.
Coming soon, two new metrics will be added to My Stats. These metrics ("Earnings Percentage" and "Repeat Clients") will help differentiate freelancers who consistently deliver high-quality jobs and build long-term, lasting relationships. Read more about these metrics and what they mean in our blog post here.
Freelancers earn service delivery points when they use the Elance Online Work System, complete jobs successfully, receive feedback and get paid through Elance.
| Service Delivery Metrics | Definitions |
|
Earnings |
Earnings and Earnings Growth (6 months) |
|
Feedback |
Final feedback received (6 months) |
|
Hours Worked |
Hours worked and paid (6 months) |
|
Milestones Submitted |
Milestones submitted and paid (6 months) |
|
Earnings Percentage: Coming Soon! |
Earnings achieved according to budget (6 months) |
|
Cancellations (penalty)* |
Job cancellations due to poor performance (6 months) |
|
Violations (penalty)* |
Policy violations (6 months) |
To earn Service Delivery points:
Freelancers earn points by building strong client relationships, which are a measure of the quality of services delivered.
| Client Relationship Metrics | Definitions |
|
Client Recommendations |
Percentage of Clients who recommend you (12 months) |
|
Earnings per Client |
Average earnings per Client (12 months) |
|
Paying Clients |
Paying Clients (12 months) |
|
Repeat Clients |
Number of repeat Clients (12 months) |
To earn Client Relationship points:
Freelancers who market themselves effectively help bring high quality work to Elance by creating strong profiles, submitting quality proposals for jobs relevant to their specific expertise, pricing their services within budget ranges and ensuring that the work is awarded on Elance.
| Marketing Metrics | Definitions |
|
Bookings* |
Value of accepted jobs with at least one payment (6 months) |
|
Job Accept Rate* |
Percentage of jobs accepted out of all proposals submitted (6 months) |
|
Invite Response Rate* |
Number of invites responded to (30 days) |
|
Tested Skills |
Number of tested skills in the Profile (across all categories) |
|
Verified Credentials |
Number of verified credentials in the Profile (across all categories) |
|
Proposals Below Budget (penalty)* |
Number of proposals priced below budget (6 months) |
To earn Marketing points:
Why do I lose points for bidding below budget? It may be necessary from time to time.
The system is designed to encourage proposals within budget and differentiation based on quality. In general low-ball bidding leads to price erosion.
Why not disclose the points algorithm?
While the key drivers of points are transparent, the exact algorithm is not disclosed in order to prevent manipulation of the system.
Why are you tracking job cancellations? Many jobs cancel for legitimate reasons.
Points are reduced only for job cancellations due to poor performance from the freelancer. Other cancellations will have no impact on points.
Why do my earnings per client matter?
Earnings per client are a measure of the strength of the relationship and of the value exchanged between the client and freelancer over time on Elance. Freelancers with high earnings per client are able to build solid relationships and typically deliver higher levels of client satisfaction. By keeping clients on Elance these freelancers also benefit the rest of the community.
Why give points for Tested Skills and Verified Credentials?
We have seen statistically that profiles with tested skills and verified credentials win more business on Elance. It is beneficial to promote these profiles since they do a better job converting prospective clients into long-term Elance employers.
What is the “Client Recommendation” metric?
When clients leave feedback, they are asked whether they would recommend the freelancer to a friend or a colleague. The Client Recommendation metric displays the percentage of clients that would recommend the freelancer.
Will my team members be able to see their earnings on their My Stats page?
By default, the earnings will not be displayed. If you chose to display their earnings, you can adjust the privacy settings on the account by going to Settings >> Privacy Settings.