With Q1 already over, now seems an appropriate time to stop and reflect what 2014 has already brought us. In doing so one theme stands out yet again – the changing regulatory landscape.
Whilst the Agency Worker Regulations (AWR) are now well over two years old, they have become a hot topic this year due to a couple of different events.
Firstly, in January the leader of Labour Party Ed Miliband has committed himself, in the event that Labour wins the next election, to abolishing one of the opt-outs (or loopholes depending on your perspective) from AWR called the Swedish Derogation. Under this, the need for temporary workers to be paid the same as their permanent equivalent is removed as long as they are paid between assignments. Initially perhaps this would seem a surprising choice for a national political leader to focus on but shortly afterwards one of the leading unions submitted a formal complaints about a group of workers at BT who receive 50% less pay under this arrangement highlighting the potential political gain. Continue reading
The BLS Employment Situation report showed an encouraging 192,000 new jobs created in March, reinforcing the notion that weak employment figures in December and January were the transitory result of an unusually harsh winter. The new job figures for January and February were revised upward by 15,000 and 22,000, respectively, which also puts those months in a less gloomy light. The March results suggest that the US labor market is returning to the modest growth levels seen in 2013.
Private Employment Exceeds Pre-Recession Levels
In March 2014 employment levels in the private sector finally exceeded the record set in January 2008. However, total nonfarm employment remains more than 400,000 below pre-recession levels due to a net loss of a half million government jobs over the past six years. During the same period, the US working-age population has grown by more than 14 million, which explains the slow decline in unemployment. Continue reading
With less than a month left before IQNsiders kicks off, I wanted to dive into some of the more fun networking activities available during the event. Namely, our hosted Golf Tournament for Clients, Partners, Prospects, and Industry Professionals.
This year, the tournament will be played at the famed East Course at The Broadmoor, located in Colorado Springs, Colorado. This year’s participants will receive a tournament package courtesy of IQNavigator that includes green / cart fees, range balls, food and beverage, and a gift bag sure to delight any golf enthusiast. But most importantly, participants will receive the benefit of networking with peers and industry professionals. Continue reading
I-Q-N-o-va-tion (i q in uh vey shun)
- Something new or different
- Introduction of new things or methods
When you come to the IQNsiders event in April, I plan to give you some insight into the product vision for our VMS solution. It stems from our desire to disrupt the non-employee human capital space, allowing you to work in a way that makes sense for your business, ensuring you have the right information at your fingertips as you make decisions.
My keynote will present to you the future IQN solution and a roadmap for how we get there. It will include innovations such as virtual databases, neighborhoods, unique integration strategies, talent networks and our own analytics engine, IQNtelligence.
I look forward to seeing you there! Register now.
Earlier today, SAP announced that they have made plans to acquire Fieldglass. SAP correctly noted that “contingent labor and statement-of-work services is a US$3.3 trillion, high-growth market.” SAP also pointed to recent research by Ardent Partners that predicts contingent workforces will grow by 30% over the next three years.
We are pleased to see SAP recognize and affirm the strong value of the VMS. It’s clear to us that the growing market and maturing capabilities of VMS providers are getting noticed, and in fact we believe that the VMS space is the next place of engagement for major technology companies looking to expand their footprint and grow their profits.
SAP’s VMS acquisition is good for the industry because it brings a spotlight to our sector and and further legitimizes the growing investments in VMS solutions. SAP is a global ERP company identifying the value in VMS solutions, and devoting significant dollars to capture some of that value. It is a value and relevance that we at IQNavigator have known about for years. We are pleased to see SAP joining the fray.
This is good for strategic procurement groups who can point to this move, and use it as leverage to promote the value and expansion of their programs.
It’s good for IQNavigator and our customers because it leaves IQN as the sole independent technology-focused VMS with a best-of-breed solution, responsive, high-touch customer care and the flexibility to empower and drive our customer’s business objectives. We configure our software to meet customer needs instead of asking our customers to fit their business processes around our technology approach.
At IQN, we’re going to continue to do what we do best: customer-focused innovation, with an independent and flexible technological backbone that fits seamlessly into our customers’ business strategies.
Did you just discover that you’re now an SAP customer? Are you unsure how SAP’s acquisition impacts your VMS investment? Please reach out. We’re flexible, innovative and we’d love to chat.