Contractor Labor Rate - Best Practice

Blog Post created by cdooley Advocate on Jul 5, 2016

Compensation Data Facts - What's What

in Compensation






PeopleTicker best practices encourage client companies to identify the contractor labor rate and then negotiate vendor markup. When companies pay contractors above market-rates, their ability to retain them for the duration of the assignment significantly increases. A common misconception is that this is a co-employment issue, but it is not. 


PeopleTicker provides Market Intelligence to Human Resources professionals and Procurement teams helping organizations benchmark their existing suppliers, and design more cost effective new programs that maximize both full time regular and contingent labor spend. As the need for skilled labor increases throughout the world, companies need to know “how much” when hiring or procuring new talent. Annual salary survey technology is ineffective in providing true compensation market rates that take into account changes in employment demand by geography or industry. By combining big data aggregation with crowd-based validation through its SkillsVillageeco-system of experts, PeopleTicker provides the most accurate and current compensation information available in the market today.