“For executives, politicians and economists, the granularity of IQNdex based on the level of homework IQNavigator has done to rationalize rates with specific skill-sets and geographies will prove a useful leading indicator of economic growth and declines across the US. This data may become as ubiquitous as ISM PMI data in certain circles. But the biggest benefit will be for services procurement and HR practitioners, looking to make more informed contingent hiring decisions based on actual bill rates for specific job skills. Ultimately, such an index model based on market clearing prices, as IQNdex is, may lead to new types of contracting arrangements and even the securitization of contingent ‘commodity’ resources, which is exciting to consider. IQNdex is a useful quantitative injection into a sector of procurement that needs greater analytical and data-driven rigor.”
Jason Busch
Executive Editor of Spend Matters