David Teather Media Business Correspondent 

IT temps win Spring share options

The thirst for share options fostered by the internet revolution yesterday prompted recruitment business Spring Group to begin offering equity to temporary information-technology workers registering with its website.
  
  


The thirst for share options fostered by the internet revolution yesterday prompted recruitment business

<="" p="">The share options will be granted to workers after they have completed at least 464 days employment through the company in the three years following February 9.

<="" p="">Spring intends to introduce a similar scheme for permanent staff being placed through the business later this year.

<="" p="">Mr Chapman conceded that some institutional investors faced with the dilution of their own holdings needed pursuading.

<="" p="">"We had to walk some people through it but the basic premise is 'do you want a bigger percentage or do you want your share to be worth more because the company is bigger?"

<="" p="">Spring.com will be integrated with the existing bricks and mortar business through a new call centre which will manage the scheme.

<="" p="">"We had built a jobs portal but wanted to go beyond that," said Mr Chapman.

<="" p="">"This is a real transition in our business.We were asking ourselves 'how can we go that extra mile?'

<="" p="">It is easy to replicate a bulletin-board type service, but the share options provide another dimension to what we are doing."

<="" p="">Spring claims to be the third largest IT recruitment consultancy behind Adecco and

 

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