Market Rate Module

You can set up data in the application to act as a benchmark for trying to determine the appropriate bill rate for client organization requisitions. The Market Rate Module (MRM) acts as a guide for the bill rate, displaying the average rate information for a job title, based on regions that you create.

The module uses a job title that is grouped under a job category defined for the client organization. The job category is used in the supplier agreement, where the job locations are matched with the job category. For more information about this configuration, see Supplier Agreements.

The job title is selected for the requisition, and the high and low bill rates for the category and title in the region are displayed in the Financials section.

The module also adds the job duties, skills, and educational requirements. You can add this information to the definition, or uploading a bulk file with the information. To bulk upload information, contact your program representative.

In addition to the high and low rates, you can determine a market rate for this position, based on research input that you can note for the market rate. For more information about configuring the market rate, see Add a Market Rate.

To use the MRM, you must enable the feature in the client organization settings. For more information about these settings, see MRM Settings.