2014

IQNavigator Introduces RateIQ, Enabling Instant Access to Actual Temporary Labor Bill Rates New online benchmarking tool provides more accurate data on the U.S. temp labor market than any other source

DENVER, June 27, 2013 /PRNewswire/ -- IQNavigator, the leading provider of non-employee workforce management solutions to Global 2000 companies, today announced the launch of RateIQ. 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 is the most flexible temporary labor bill rate tool available. It has the power to tailor market rate information to skill sets, experience levels and specific locations across the U.S. Users of this powerful 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."

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.

Email rateiq@iqnavigator.com for more information or to schedule a demonstration of RateIQ.

About IQNavigator
IQNavigator is the proven leader in services procurement solutions, helping global enterprises better manage all types of procured services and their non-employee workforces around the world. IQNavigator's cloud-based VMS software processes tens of billions of dollars in yearly services spend, enabling clients to intelligently manage and optimize the cost-effectiveness, compliance, visibility and efficiency of complex services procurement and contingent workforce programs. For more than a decade, IQNavigator has been the leader in providing innovative technology solutions for managing companies' procured services including statement of work and project-based consultants, contractors, temporary workers and other contingent workers. For more information about IQNavigator and how its industry-leading offerings such as IQNtelligence are helping many of the world's most respected companies, visit www.IQNavigator.com.

SOURCE IQNavigator



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