METHODS, APPARATUSES AND COMPUTER PROGRAM PRODUCTS FOR COST/RATE COMPARISON RELATING TO HIRING WORKFLOWS
An apparatus comprising a processor and a memory, the memory storing computer-executable instructions which when executed by the processor, cause the apparatus to perform operations comprising: determine submitted rates for one or more workforce resources associated with a requisition, wherein each of the one or more workforce resources is associated with a job type and a location; determine, based on at least the job type and the location, a market pay rate for each of the one or more workforce resources; output, based on the submitted rates and a number of working units, a first total cost for each of the one or more workforce resources; output, based on the market pay rate and the number of working units, a second total cost for each of the one or more workforce resources; and output a function of the first total cost and the second total cost.
1 . An apparatus comprising a processor and a memory, the memory storing computer-executable instructions which when executed by the processor, cause the apparatus to perform operations comprising:
determining submitted rates for one or more workforce resources associated with a requisition, wherein each of the one or more workforce resources is associated with a job type and a location;
determining, based on at least the job type and the location, a market pay rate for each of the one or more workforce resources;
outputting, based on the submitted rates and a number of working units, a first total cost for each of the one or more workforce resources;
outputting, based on the market pay rate and the number of working units, a second total cost for each of the one or more workforce resources; and
outputting a function of the first total cost and the second total cost.
2 . The apparatus of claim 1 , wherein the job type of a select workforce resource comprises an offshore type and the market pay rate for the select workforce resource is set as the submitted rate for the select workforce resource.
3 . The apparatus of claim 1 , wherein the market pay rate is determined as a function of a market rate retrieved from an entity.
4 . The apparatus of claim 3 , wherein the function is a mark-up of the market rate retrieved from the entity.
5 . The apparatus of claim 3 , wherein the entity comprises a repository of information associated with workforce resources having a same or similar job type or location, or both as the one or more workforce resources.
6 . The apparatus of claim 3 , wherein the market rate retrieved from the entity is a median hourly rate selected based on the job type and location of the one or more workforce resources.
7 . The apparatus of claim 1 , wherein the function of the first total cost and the second total cost comprises a difference of first total cost and the second total cost.
8 . The apparatus of claim 1 , wherein when the processor further executes the instructions, the processor further causes the apparatus to:
detect one or more negotiations between a first computing device of a customer and a second computing device of at least one service provider in response to the requisition.
9 . A method comprising:
determining submitted rates for one or more workforce resources associated with a requisition, wherein each of the one or more workforce resources is associated with a job type and a location;
determining, based on at least the job type and the location, a market pay rate for each of the one or more workforce resources;
outputting, based on the submitted rates and a number of working units, a first total cost for each of the one or more workforce resources;
outputting, based on the market pay rate and the number of working units, a second total cost for each of the one or more workforce resources; and
outputting a function of the first total cost and the second total cost.
10 . The method of claim 9 , wherein the job type of a select workforce resource comprises an offshore type and the market pay rate for the select workforce resource is set as the submitted rate for the select workforce resource.
11 . The method of claim 9 , wherein the market pay rate is determined as a function of a market rate retrieved from an entity.
12 . The method of claim 11 , wherein the function is a mark-up of the market rate retrieved from the entity.
13 . The method of claim 11 , wherein the entity comprises a repository of information associated with workforce resources having a same or similar job type or location, or both as the one or more workforce resources.
14 . The method of claim 11 , wherein the market rate retrieved from the entity is a median hourly rate selected based on the job type and location of the one or more workforce resources.
15 . The method of claim 9 , wherein the function of the first total cost and the second total cost comprises a difference of first total cost and the second total cost.
16 . The method of claim 9 , further comprising detecting one or more negotiations between a first computing device of a customer and a second computing device of at least one service provider in response to the requisition.
17 . A computer readable storage medium storing executable instructions that when executed by a computing device cause the computing device to effectuate operations comprising:
determining submitted rates for one or more workforce resources associated with a requisition, wherein each of the one or more workforce resources is associated with a job type and a location;
determining, based on at least the job type and the location, a market pay rate for each of the one or more workforce resources;
outputting, based on the submitted rates and a number of working units, a first total cost for each of the one or more workforce resources;
outputting, based on the market pay rate and the number of working units, a second total cost for each of the one or more workforce resources; and
outputting a function of the first total cost and the second total cost.
18 . The computer readable storage medium of claim 17 , wherein the market pay rate is determined as a function of a market rate retrieved from an entity.
19 . The computer readable storage medium of claim 17 , wherein the function of the first total cost and the second total cost comprises a difference of first total cost and the second total cost.
20 . The computer readable storage medium of claim 17 , further comprising detecting one or more negotiations between a first computing device of a customer and a second computing device of at least one service provider in response to the requisition.