What is Shift Rate Intelligence?
Shift Rate Intelligence provides locums with AI-driven insights, providing real-time, AI-powered market rate intelligence for locums. Shift rate intelligence empowers locums with clear guidance on whether a shift’s pay is in line with market rates, enabling informed choices.
Who has access to Shift Rate Intelligence?
Shift Rate Intelligence is a feature of our LAL Pro subscription. This is a paid-for feature so only locums with a LAL Pro subscription will have access to this information.
How is Shift Rate Intelligence calculated?
Our AI-powered feature collates data from 50 similar booked shifts in the immediate surrounding area. This data is only taken from similar shifts to help guarantee the information is fresh and accurate. If our system is unable to find 50 similar shifts in the surrounding area then we will be unable to display any shift rate intelligence.
For enhanced accuracy our system excludes shifts occurring on significant dates, such as Christmas Day, to prevent anomalies in the data.
What is the difference between Shift Rate Intelligence and Market Rate Guidance?
Shift Rate Intelligence is an AI-powered tool available to locums under our LAL Pro subscription. Whereas, Market Rate Guidance is free guidance for employers powered by data gathered from shifts booked through Locate a Locum.
Both Market Rate Guidance and Shift Rate Intelligence will display the same data. This is why we recommend considering Market Rate Guidance when uploading shifts to help ensure shift fill rate.
We have found that employers who use this guidance have a 33% increase in shifts being filled at the advertised rate. MRG is for employers' information only, it is at the employer's discretion whether or not to use this information when setting the rate. Shift Rate Intelligence is a tool to guide locums on current market rates and it is at their discretion how they use this information.
What does Shift Rate mean for employers?
LAL Pro is a paid-for subscription utilised by our top locums making locums more professional with tailored tools to make their work life more efficient and easier. Shift Rate Intelligence helps these locums take the guesswork out of what the market rate for shifts is making negotiation easier.
Shift Rate Intelligence and Market Rate Guidance are based on shifts that have been successfully BOOKED not just posted. These AI-powered tools give a data-led approach to shift rates using real-time data that clarifies current market conditions.
It is important to note that both Shift Rate Intelligence and Market Rate Guidance are merely data tools, they do not take into consideration all contextual factors of a shift such as store business, timeliness of booking etc.