IQNavigator and Elevate Form Strategic Alliance to Streamline Corporate Recruiting of the Non-Employee Workforce
Partnership Leverages Smart Candidate Matching Technology to Help Corporate Recruiters Pinpoint Best Candidates, Reduce Time-to-Fill and Lower Sourcing Costs
DENVER, February 18, 2015 – IQNavigator, the leading, independent provider of non-employee workforce management solutions, today announced a strategic partnership with Elevate, a UK-based direct sourcing platform employing machine learning technology and big data. Building upon IQNavigator’s significant growth in the EMEA region, the partnership is focused on providing corporate hiring managers with an innovative, secure and cost-effective platform for sourcing, engaging and managing non-employee labor.
According to a recent report from UK-based Chartered Institute of Personnel and Development (CIPD), 60 percent of organizations that had vacancies experienced recruitment difficulties in the last year, and two-thirds reported they had noticed an increase in the number of unsuitable applicants. These issues are forcing recruiters to turn to technology to help reshape their recruitment efforts by adopting improved candidate and job matching abilities. This growing reliance on smart technology comes at a time when talent acquisition leaders are being asked to do more with less. In addition to addressing the widening gap between hiring volumes and budgets, they must also ensure compliance with the latest labor regulations recently introduced in the EU.
“Nurturing and maintaining a market-ready contractor workforce is a critical concern for corporate recruiters,” said Joe Juliano, president and CEO of IQNavigator. “With growing demand for new skills and more competition than ever for talent, reliance on non-employee labor is expected to climb significantly from current estimates of 25 to 30 percent of the workforce. Our alliance with Elevate lets our customers leverage the latest smart candidate matching technology to identify and directly secure contractor talent at lower cost and with faster results than current approaches.”
“While most corporate recruiters have a proven process and strategy for engaging permanent labor,” Dan Collier, Elevate CEO, explained, “they often rely on a variety of methods to contract non-employee labor – job boards, social media sites, career portals, warehoused talent and external agencies. This approach is time consuming, expensive and results in a lot of guesswork. By partnering with IQNavigator, we are streamlining and enhancing the process, providing recruiters with direct access to uniquely qualified talent, eliminating the guesswork, mitigating co-employment risk and filling vacancies faster.”
Through the alliance, joint customers can leverage the strengths of IQNavigator’s leading vendor management system (VMS), which enables more than 5.2 million users to manage more than $19.9 billion USD in annual spend for non-employees, along with Elevate’s industry-leading smart candidate management technology.
IQNavigator is the leading independent technology provider of Vendor Management System (VMS) software for Global 2000 companies. IQNavigator’s products enable enterprises to intelligently manage and optimize complex services procurement and contingent workforce programs. Since 1999, IQNavigator’s products have been delivering procurement visibility and predictability, helping corporate leaders around the globe increase profitability, mitigate risk and compete more effectively. For more information about IQNavigator, visitwww.IQNavigator.com.
With access to over 250,000 UK IT contract resources, Elevate offers the most advanced job matching and marketing technology available today to pair the right candidates with the right jobs. Delivering end to end vacancy distribution right through to electronic timesheets and payroll processing, Elevate is among the first to offer a revolutionary direct sourcing platform encompassing real machine-learning technology and Big Data. For more information, visit www.elevatedirect.com.
(1) Chartered Institute of Personnel and Development (CIPD), “2013 Resourcing and Talent Planning Annual Survey Report”
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For media inquiries, please contact:
Victor Chayet, IQNavigator
Dan Collier, Elevate
0207 928 2519