Introducing the dynamic SIA | Magnit Rate Intelligence Initiative – a groundbreaking collaboration between Magnit and Staffing Industry Analysts (SIA) that leverages Magnit’s unparalleled workforce data to provide a comprehensive snapshot of pay rates across various industries, positions, and major metropolitan areas in the US.

With the latest issue titled “The Value of Real-Time Data in a Rapidly Evolving World”, the bi-monthly report delves into the surprise wage discrepancies based on location, industry, and skill level. This valuable tool allows users to select options for industry, job title, and location (either USA total or 10 major metro areas) to preview median, minimum, and maximum pay rates for a contingent worker with 3-5 years of experience. While suggested markup, bill rate, and rates for lesser or greater experience levels are not available in this tool, they can be found in the full Magnit Pay Intel tool along with other pay intelligence.

But that’s not all – we value your feedback! Help us improve by sharing your experience with this tool.

In this edition of the SIA | Magnit Rate Intelligence Initiative, we explore the anatomy of a markup and how it differs for 1099 versus W-2 arrangements. While our previous article focused on