Contingent Worker Rate

Tuesday, February 20, 2007

Since the administration of surveys is a time consuming process, their use has been almost exclusively directed toward salary and other compensation data for full time workers or employees. Since the contingent worker market tends to be more volatile, effective information relative to the rates for contingent workers was not available until nextSource developed The People Ticker. However, it should be emphasized that The People Ticker focuses on both contingent and full time workers. Contingent or hourly data is tracked independently of full time or annual data for better accuracy. The hourly rate is not derived by simply dividing the full time salary by 2000 hours or some other estimate of time worked.

Through the technology of the Internet, there is an overwhelming amount of information and data available in the public domain regarding salaries, jobs, skill sets, etc. However, it is very time consuming for the normal user of contingent labor to begin to identify these sources of information and to review, properly classify and analyze the data. The technology of The People Ticker accomplishes all these tasks and brings user-friendly results directly to the user's desktop.

There are many difficulties associated with the gathering and comparing of salary and rate information for full time and contingent workers using existing survey approaches. But you don't have to use this outdated approach. There's no need to have less pay rate information to use for comparison when hiring a contingent worker vs. a full time employee. The People Ticker can offer both these numbers in real time, giving you the knowledge you need to make the most appropriate offer for whatever position that needs to be filled.