IQNdex Data Illustrates Contrasting Temporary Labor Trends Across Job Sectors and Geographic Regions
DENVER, January 31, 2012 – IQNavigator Inc., a leading provider of services e-procurement solutions to Global 2000 companies, today released the findings from its Year-End 2011 IQNdex research paper. Published on a monthly basis, IQNdex provides a price index of temporary labor bill rates by job sector and U.S. Geographic Regions, with the Year-End IQNdex providing summary and analysis of trends and findings.
As part of IQNdex, the Master U.S. IQNdex provides the highest level view of temporary bill rate trends over the past four years. Summarizing millions of data points derived from actual market transactions, the Master IQNdex reflects contingent labor price changes across all regions and job sectors.
For December 2011, the Master U.S. IQNdex stands at 104.0, a decrease of 0.3 from November 2011, and a year-over-year increase from 99.3 from December 2010. A four percent total increase over the past four years suggests Global 2000 companies have successfully controlled bill rate increases despite growing demand for non-permanent workers and intense competition for workers with critical skill sets. The Year-End IQNdex research paper studies these and other key findings in 2011 such as:
Low upward rate pressure on bill rates for non-permanent labor in the second half of 2011
Exceptions to the overall U.S. trends and unique illustrations of how the temporary labor market differs significantly across various job sectors and geographic regions in the U.S.
The relationship between unemployment levels and temporary labor rates
Graph 1: Master IQNdex (temporary worker rate change) vs. Ratio of Unemployed to Job Openings
Additionally, the Year-End IQNdex provides noteworthy Hot and Cool Spots in rate trends, such as:
Professional-Managerial sector rates rose rapidly through much of the year, but flattened somewhat in the final quarter of 2011, with the highest rate increase in financial regulation/reporting roles such as Auditor, Tax Accountant and Regulatory Compliance Analyst.
Technical-IT rate increases remain restrained at year end overall, while some roles showed an annual increase of over 10 percent such as Systems Architect, Systems Integration, Software Tester/QA and Quality Control/testing.
“The Year-End IQNdex research paper provides a big picture view that ties together many of the threads of data we collected, analyzed and published throughout 2011,” states John F. Martin, chief technology officer and CEO of Emerging Markets for IQNavigator. “IQNdex shows that the labor market has some significant differences when analyzing bill rate trends according to differing job sectors and geographic regions.”
The Year-End 2011 IQNdex research paper is available for download at http://www.iqntelligence.com. Clients of IQNavigator can also request custom market rate analyses (MarketIQ) and detailed benchmark rate reports (RateIQ) via their IQNavigator account manager.
About IQNavigator
IQNavigator software and managed services provide companies with comprehensive visibility into and control over the way they source services and utilize their extensive non-employee workforce. For more than a decade, IQNavigator has been the leader in providing technology solutions for managing companies’ contingent labor and other services around the globe, including project-based consultants, contractors and other temporary workers. Clients use IQNavigator’s VMS software to more intelligently manage billions of dollars in extended workforce spend every year, resulting in dramatically lower costs, mitigation of legal and financial risks and more strategic use of non-employee labor to achieve key business objectives. 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.
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Note to Editors
The Master IQNdex vs. Ratio of Unemployed to Job Openings graph is being released along with this announcement. Additional graphs and a full white paper are available upon request.
For more information, please contact:
Stephanie Burnham
Vice President, Marketing
sburnham@iqnavigator.com
303-714-9213
IQNavigator Continues Fast Revenue Growth, Global Expansion, and Industry Leadership
DENVER, January 27, 2012 – IQNavigator Inc., a leading provider of services e-procurement solutions to Global 2000 companies, achieved a number of significant successes and milestones in 2011 that affirms its global leadership in the Vendor Management System (VMS) and Managed Services Provider (MSP) market. With a record-breaking number of new clients won in 2011, IQNavigator completed more than 50 successful client deployment projects globally during the year and with 10 additional go-lives in January 2012 alone. New customer wins and expansions drove revenue growth 21 percent in 2011.
Noteworthy milestones for 2011 included:
International Expansion— IQNavigator invested and expanded aggressively in EMEA and Asia-Pacific in 2011, announcing a European partnership with Allegis Group Services and a partnership in China with The Judge Group, hiring a VP-level business development leader in EMEA, expanding the company’s EMEA Support Centre staff and naming John F. Martin CEO of international markets.
Launch IQ – IQNavigator formalized its industry-leading implementation methodology that ensures client success with complex integrations, global expansions, and enhanced support.
Product Enhancements—IQNavigator delivered numerous product advancements to clients in 2011 that extended its market leadership, including advanced reporting enhancements, additional SOW/project-based capabilities, and mobile apps.
Oracle ExadataTM—A multi-million-dollar technology investment, the Oracle ExadataTM database machine now powers IQNavigator’s entire system, including real-time reporting, for unparalleled performance and scalability.
IQXplorer—IQNavigator launched IQXplorer, an integrated tool enabling business owners and financial analysts to deeply analyze their workforce program data such as spend and headcount.
IQNdex—Unique in the industry, IQNavigator’s IQNdex is a price index of temporary labor bill rates in the United States, tracked by geography and down to 132 standard job titles. The company launched IQNdex in April 2011 and continues to publish monthly reports of the index. In Q4 2011, IQNavigator expanded IQNdex to the United Kingdom with the launch of UK Office IQNdex.
Industry Leadership—IQNavigator received numerous industry accolades in 2011, including recognition as the multi-national program leader by Staffing Industry Analysts (SIA) in the firm’s “2011 VMS and MSP Supplier Competitive Landscape” report. IQNavigator was also named as a finalist for two SIIA CODiE awards, which recognize excellence in enterprise software.
Top Technology Company—Recognized as the “Top Technology Company in Colorado” by ColoradoBiz Magazine for IQNavigator’s community involvement, consistent growth and product innovation.
“2011 was a great year for IQNavigator and 2012 will be even better for the global companies whose services procurement and extended workforce strategies we support,” said Lou Andreozzi, president and CEO of IQNavigator. “We will continue our momentum in 2012 with more technology innovations, continued emphasis on being the easiest provider to do business with and substantial further investment in international markets.”
About IQNavigator
IQNavigator software and managed services provide companies with comprehensive visibility into and control over the way they source services and utilize their extensive non-employee workforce. For more than a decade, IQNavigator has been the leader in providing technology solutions for managing companies’ contingent labor and other services around the globe, including project-based consultants, contractors and other temporary workers. Clients use IQNavigator’s VMS software to more intelligently manage billions of dollars in extended workforce spend every year, resulting in dramatically lower costs, mitigation of legal and financial risks and more strategic use of non-employee labor to achieve key business objectives. 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.
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For more information, please contact:
Stephanie Burnham
Vice President, Marketing
sburnham@iqnavigator.com
303-714-9213
IQNavigator Received High Scores for Both VMS and MSP Capabilities Across 160+ Categories in Industry Leading Report
DENVER, January 20, 2012 – IQNavigator Inc., a leading provider of services e-procurement solutions to Global 2000 companies, has been ranked by Staffing Industry Analysts (SIA) as one of the Most Experienced VMS and MSP Providers in a new market analysis of the Vendor Management System (VMS) and Managed Services Program (MSP) supplier landscape. IQNavigator also received among the highest number of “Experienced” ratings in more than 160 categories, equivalent to more than 98 percent of the total evaluation criteria.
The report from Staffing Industry Analysts, entitled “2011 VMS/MSP Competitive Landscape Report – Service and Feature Differentiators,” analyzes the products and services of 42 VMS/MSP suppliers using criteria to evaluate capabilities in categories including supplier management, sourcing, contract management, requisitions, reports, workflow, implementation and integrations, invoicing, SOW management and other areas. Using a four-tier grading system and a rigorous vetting process which included surveys, interviews and actual product demos, the analysts rated the robustness of the offering and the experience of the vendor in successfully supporting customers in the given area.
“The purpose of this Competitive Landscape Report Series is to provide customers with an in-depth, practical tool set for understanding the VMS and MSP options that are available to them. It’s intended to be a comprehensive analysis of solutions in this market that will help companies make the right buying decision about their VMS/MSP solutions or just help them better understand how their current solution stacks up,” said Brian T. Peña of SIA. “IQNavigator had a strong showing when it came to both VMS features and MSP capabilities, especially in the areas of integrations, risk mitigation configurations and reporting, all areas we see as key strengths that many customers are seeking today.”
“This report from a respected analyst firm provides a tremendous amount of information to enterprises about the strengths of various VMS and MSP solutions. SIA puts the products head-to-head in a comprehensive analysis of features and capabilities and real-world implementation experience, and IQNavigator is proud to be so highly rated in the report,” said Lou Andreozzi, President and CEO of IQNavigator. “This report provides a resounding validation of the quality and completeness of our solutions and our superior track record helping customers improve their business processes, reinforcing our industry leadership and making it clear that customers are making a smart decision when they select IQNavigator.”
About IQNavigator
IQNavigator software and managed services provide companies with comprehensive visiblity into and control over the way they source services and utilize their extensive non-employee workforce. For more than a decade, IQNavigator has been the leader in providing technology solutions for managing companies’ contingent labor and other services around the globe, including project-based consultants, contractors and other temporary workers. Clients use IQNavigator’s VMS software to more intelligently manage billions of dollars in extended workforce spend every year, resulting in dramatically lower costs, mitigation of legal and financial risks and more strategic use of non-employee labor to achieve key business objectives. 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.
About Staffing Industry Analysts
Staffing Industry Analysts is the global advisor on contingent work. Known for its independent and objective insights, the company’s proprietary research, award-winning content, data, support tools, publications, and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers these related staffing service sectors: third-party placement, outplacement, and staff leasing (PEOs). Founded in 1989 and acquired by Crain Communications Inc in 2008, the company is headquartered in Mountain View, California, with offices in London, England. For more information, visit www.staffingindustry.com.
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For more information, please contact:
Stephanie Burnham
Vice President, Marketing
sburnham@iqnavigator.com
303-714-9213
DENVER, December 22, 2011 –IQNavigator Inc., a leading provider of services
e-procurement solutions to Global 2000 companies, has been named the silver winner in the Most Innovative Company of the Year category for the 2011 Best in Biz Awards, the only national business awards program judged by members of the press and industry analysts. IQNavigator won this designation based on its investment in and commitment to product innovation. Among the notable product initiatives in 2010 and 2011:
The development and launch of the industry’s first iPhone app, allowing contractors to enter and manage their time quickly and with greater convenience.
The launch of the U.S. IQNdex – a new information resource featuring data, insights and analysis about U.S. temporary labor rates and trends.
IQNtelligence – an improved approach to business intelligence and reporting, allowing clients to better manage all types of services spending and all types of non-employee workers, globally.
“We are proud to be recognized for our leading-edge technology in services e-procurement and vendor management solutions,” said John F. Martin, chief executive officer of emerging markets and CTO of IQNavigator. “This Best in Biz award further validates our success in delivering a superior SaaS solution to clients looking to more intelligently manage billions of dollars in extended workforce and services spend.”
Winners of Best in Biz Awards 2011 were determined by scores from a panel of high-caliber judges from top-tier business and technology publications, as well as analyst firms, including: Accounting Today, AllBusiness.com, ECT News Network, eWeek Channel Insider, Financial Times, Fox News, Hartford Business Journal, Insight Media, Kelsey Group, King Features Syndicate, Lab Reviews, Network World, PC Magazine, Portfolio, Puget Sound Business Journal, Tech.Blorge, Tech-Gaming, Techtalk and Wired. The 20 judges on this year’s panel boast more than 470 years of combined experience and have written for a combined total of more than 180 consumer, business, financial, trade and technology publications nationwide. The companies that won gold, silver and bronze awards in this year’s program represent the best in American business.
About IQNavigator
IQNavigator software and managed services provide companies with comprehensive visibility into and control over the way they source services and utilize their extensive non-employee workforce. For more than a decade, IQNavigator has been the leader in providing technology solutions for managing companies’ contingent labor and other services around the globe, including project-based consultants, contractors and other temporary workers. Clients use IQNavigator’s VMS software to more intelligently manage billions of dollars in extended workforce spend every year, resulting in dramatically lower costs, mitigation of legal and financial risks and more strategic use of non-employee labor to achieve key business objectives. 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.
About Best in Biz Awards
Best in Biz Awards recognizes top companies, teams, executives and products for their business success as judged by established members of the press and industry analysts. Best in Biz Awards honors are conferred in two programs covering the U.S. and EMEA (Europe, Middle East and Africa), respectively. Any organization from any industry in the awards program’s region boasting demonstrated success can enter any of the more than 40 company, department or team, executive and product categories. Entries for Best in Biz Awards 2012 EMEA are currently being accepted from all companies based in or operating in Europe, Middle East or Africa, with an early entry deadline of Nov 30, 2011. For more information about the submission process and categories in both the U.S. and EMEA programs, please visit: http://www.bestinbizawards.com.
IQNdex Extended to United Kingdom; Jon Holden, Vice President of Sales EMEA, to Lead Strategic Growth
DENVER, December 6, 2011– IQNavigator Inc., the leading services procurement solution provider for the Global 2000, today announced significant additional investment to drive international growth, including the appointment of a new VP-level hire in EMEA, the expansion of IQNavigator’s EMEA Support Centre staff, and a launch event in China in January. The company will also expand its IQNdex into the United Kingdom, providing additional insight into market trends that are not available from any other organisations or government agencies.
IQNavigator was recently rated as the most-global services procurement vendor by Staffing Industry Analyst’s “2011 VMS and MSP Supplier Competitive Landscape,” both in total number of multi-national programs and in global program growth over the past year. The IQNavigator software is localised in almost 50 countries including Poland, Qatar, South Africa, China and Japan, with several new countries added each quarter, and is available in 11 languages.
As part of its international growth, IQNavigator is increasing its investment and coverage in EMEA and the Asia-Pacific region, including these initiatives:
Jon Holden has joined IQNavigator as EMEA Vice President of Sales. Based in London, Jon is a veteran of many fast-growing technology companies in the HRO, RPO and MSP markets. Jon has led sales and business development efforts in the Human Capital Management space for over 14 years. In this new role, Jon will lead business development efforts that drive IQNavigator’s continued international growth, and he will work closely with EMEA customers to identify their needs and support successful implementations. He can be reached at jholden@iqnavigator.com.
IQNavigator is quickly growing its EMEA Service Centre. In 2011, IQNavigator has trebled its employee base in Europe to 15 personnel, and has plans to continue growing quickly in Europe in 2012. IQNavigator’s first EMEA-based Client Advisory Council is also planned for October 2012 in Amsterdam.
IQNavigator’s China launch event will be held in Shanghai on January 12, 2012. IQNavigator’s strategic partner The Judge Group is hosting a launch event with IQNavigator at the Four Seasons in Shanghai on January 12, 2012. Find out more information and RSVP at http://success.iqnavigator.com/judgechina.
The IQNdex has been extended to the United Kingdom.IQNdex is a monthly price index of temporary bill rates for a geography and job sector, and the initial UK IQNdex is for Office Workers, made up of the job sectors Technical/IT, Clerical/Admin and Professional/Managerial. The UK Office IQNdex, which uses January 2009 as a baseline, provides actionable intelligence about billing trends based on trends over the past three years, and is now available to clients.
“Global enterprises require worldwide control over their services spending and their non-employee workforces for compliance, cost control and visibility,” said John F. Martin, chief executive officer of emerging markets for IQNavigator. “IQNavigator’s worldwide market leadership and increasing investments in globalisation together ensure that global clients will be best served by the IQNavigator solution around the world.”
About IQNavigator
IQNavigator software and managed services provide companies with powerful insight into and control over the way they source services and utilise their extensive non-employee workforce. For more than a decade, IQNavigator has been the leader in providing technology solutions for managing companies’ contingent labour and other services around the globe, including project-based consultants, contractors and other temporary workers. Clients use IQNavigator’s VMS software to more intelligently manage billions of dollars in extended workforce spend every year, resulting in dramatically lower costs, mitigation of legal and financial risks and more strategic use of non-employee labour to achieve key business objectives. 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.
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Media Contact:
Stephanie Burnham
VP, Marketing
sburnham@iqnavigator.com
303-714-9213
As every solution involves a unique blend of extended workforce, categories, alliances, resources and more, IQNavigator assures you of an all-encompassing program that interconnects proven elements for seamless integration, evaluation and repeatable success.
VISION
As the extended workforce presents ever-changing challenges and opportunities, only IQNavigator brings you a powerful continuum of solutions, technology, insights, execution and partners to help you succeed.
IQNavigator has helped a broad section of the world’s most successful companies with their extended workforce programs. Whether it be ensuring 1099 compliance, increasing efficiencies in the hiring process or good old-fashioned cost savings, our clients know we can help find a way to reach their goals. Whether you’re a retailer, HR manager, or CFO–looking for a welder or a legal team—IQNavigator provides solutions across a multitude of service categories in multiple countries.
Since 1999, IQNavigator has continuously pushed itself far beyond our celebrated VMS and MSP solutions. We are SaaS Pioneers with many industry firsts, including patented software, intelligence products, and mobile computing. No other company has deciphered as many complex situations in managing extended workforce and services procurement. We are proud of our epic programs for Global 2000 Companies, spanning every major industry, and over 2.5 million active users. Accessed from over 100 countries daily, IQNavigator clients manage billions in spend on contingent labor and outside services. We look forward to working with you.
Since 1999, IQNavigator has continuously pushed itself far beyond our celebrated VMS and MSP solutions. We are SaaS Pioneers with many industry firsts, including patented software, intelligence products, and mobile computing. No other company has deciphered as many complex situations in managing extended workforce and services procurement. We are proud of our epic programs for Global 2000 Companies, spanning every major industry, and over 2.5 million active users. Accessed from over 100 countries daily, IQNavigator clients manage billions in spend on contingent labor and outside services. We look forward to working with you.