The Hour Bank (THB) is a new concept developed by Satisnet Engineers that allows subscribers to access a large pool of skilled labor hours at a flat rate without contracts. THB contains over 50,000 hours of skills in various technologies that subscribers can use as needed each month. This provides more flexibility and potential cost savings compared to traditional hourly billing models. Satisnet is an IT services company based in India that created THB and manages the large pool of skills and labor hours.