Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact email@example.com.
IQNavigator report provides retrospective of 2013 temporary worker bill rate and market findings
DENVER, Jan. 30, 2014 /PRNewswire/ -- The U.S. job market expanded in 2013 and the segment of the U.S. labor market comprised of temporary and contingent workers was a major contributing factor. The IQNdex 2013 Retrospective report, released today, analyzes full year trends for 2013, providing insights about the fast-growing segment of the U.S. labor force made up of non-permanent workers.
Key findings in the U.S. IQNdex 2013 Retrospective report include:
"It was a labor buyer's market in 2013, with temp bill rates remaining largely unchanged. Looking ahead, however, our analysis predicts that contingent labor bill rates will experience upward pressure in the latter half of 2014, starting with roles that require greater education or specialized technical skills," said Gary Pollard, VP, Information Products at IQNavigator. "This will be due, in part, to a continued increase in demand coupled with an expected tightening supply of workers – thanks to a declining workforce participation rate, an increase in college enrollment for people over 25 years old and an overall aging U.S. population - a combination that will rapidly reduce the surplus of available workers."
Key insights by job sector from the U.S. IQNdex 2013 Retrospective report include:
The U.S. IQNdex 2013 Retrospective has in-depth details about the findings outlined above as well as other observations related to geographic areas of the United States and specific metro markets. Read the full report for free at www.iqnavigator.com/iqndex.
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.
©2012 PR Newswire. All Rights Reserved.