IQNavigator Introduces RateIQ [Professional Services Close – Up]

(Professional Services Close – Up Via Acquire Media NewsEdge) IQNavigator, a provider of non-employee workforce management solutions to Global 2000 companies, announced the launch of RateIQ.

According to a release, this new online, on-demand tool from IQNavigator provides searchable benchmarking data for contingent labor bill rates by metro region in the United States matched directly to skills and experience. RateIQ has the power to tailor market rate information to skill sets, experience levels and specific locations across the U.S. Users of this online search tool will be able to benchmark current contingent workforce program performance and immediately answer questions such as “Am I paying the right rate for the right skill?”, “Am I paying too much for my temporary labor?”, and “How much can I save if I source my temp labor in a different city?”

“One of IQNavigator’s largest clients, a world-leading consultancy, originally approached us to develop RateIQ due the lack of satisfactory products on the market,” said Gary Pollard, vice president of Market Intelligence. “They have continued to work closely with us throughout development and we are all pleased with the results. IQNavigator’s ability to provide innovative and comprehensive solutions that meet the needs of our global clients is an example of why world renowned companies turn to IQNavigator for the management of their contingent workforce programs.” IQNavigator said RateIQ uses actual market transactions – not surveys or estimates of direct hire wages – to provide firms with instant access to up-to-date temporary labor bill rate information. RateIQ matches talent, down to specific skill requirements, and experience levels to the rates where the work is to be performed. Temporary labor bill rates are the actual invoiced rates that Global 2000 companies (hiring firms) are paying their suppliers (staffing firms) for temporary workers with specific skills in given locations.

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