REX formed for short-term contractors

REX formed for short-term contractors

A new recruitment service will launch next month that is designed to marry short-term contractors with companies looking for skilled IT staff. It will also enable channel companies to lease out their staff during quiet periods, according to newly formed company Resource EXchange.

The company has established "REX"; a service that lets corporate and Government organisations select from a pool of contractors for one-off projects from as little as one day through to several months, said Steven Hayes, managing director of Resource EXchange.

Contractors register their details with REX, as well as what days or periods they are available. Corporates can then search this pool of contractors based on skills, experience and availability. REX acts as the mediator and charges corporate customers an administration fee for this service.

Hayes said REX would not replace recruitment agencies but offer an alternative for short-term contracts where defined specialist skills are required. "Initially we'll really be pushing REX to corporates for short-term projects. They might want someone for three-to-four days. That's a market that recruitment companies don't want to touch because they can't get the margin to make it worthwhile," Hayes told ARN.

Resource EXchange is also in discussions with a number of channel companies to reach agreement on how partnerships can be developed. "During periods when internal staff are under-utilised, for example between projects, REX enables the release of these staff to other companies, thus generating revenue instead of absorbing cost," Hayes said.

Services companies could expect a return on their staff's salaries of around 90 per cent, he added.

"Due to volumes, medium-large IT services companies were particularly interested in the cost savings associated with hiring IT specialists and the management information provided. The flexibility to complement this with making available internal staff benefits all organisations, especially in a competitive climate," said Kevin Reece, business manager of Resource EXchangeThe company is accepting registrations from contractors now, with the official launch date set for June 1,

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