Agency shares give contractors ‘virtuous circle’A recruitment agency is offering shares in the company to its IT contractorsin a bid to keep them working for their customers.Spring.com, formerly Spring IT Personnel, which counts IBM, NatWest,Barclays and EDS as clients, is offering contractors that sign up with them5,000 shares at a fixed rate.To qualify they will have to commit to working through Spring for two of thenext three years, and update their skills and availability on its website atleast every six months. Those who sign up before February 9 will get a betterdeal.”When there is a high demand for contractors your success as an agencydepends on the relationship you have with your contractors,” said managingdirector Bryan Lloyd.”This is a virtuous circle because they benefit in share value as theiremployment with us grows and our customers benefit because we can provide themwith the best people.”He added contractors would be expected to work for other agencies if Springdid not have anything for them. But by being better informed about theiravailability the agency hopes to have jobs lined up as their contracts end. Comments are closed. BenefitsOn 25 Jan 2000 in Personnel Today Previous Article Next Article Related posts:No related photos.