Through an analysis of their current processes in the area of IT Consultants, our client recognized a need for process improvement, cost reduction and risk mitigation. Our client wanted to address the benchmarking of their bill rates for IT Consultants based on current market conditions. Though our client had an established Preferred Vendor List for IT Consultants, there was concern that this process did not lend itself to maintaining a rate card that was responsive to demand changes in the market for IT Consultants.
After discussions with nextSource and several demonstrations of PeopleTicker, our client realized the value of our ability to provide them with real-time job market data. PeopleTicker allowed our client to monitor and adjust their rate cards for IT Consultants as market conditions changed, as well as use the same job descriptions of their competitive vendor solicitations (RFPs). By inputting these job descriptions and locations our client was able to set up a real-time Ticker for their job descriptions that enables them to continuously monitor the market for any rate fluctuations.