Stuart Gentle Publisher at Onrec

Hy-phen Aims To Punctuate Market - 08/2000

IT Recruitment Industry Targeted

Aiming to take on IT recruitment agencies directly, has launched as a pure play e-business. Along similar lines to, Hy-phenís site will automate standard industry processes such as timesheet processing and payment, technical testing and interview scheduling. This model will allow employers and candidates to communicate directly.

Despite the fact that the site will carry both permanent and contract IT positions, employers will pay nothing to post a vacancy and will be charged a flat fee of 500 for filling a position. This unusual charge rate is augmented by the offering of a value added Contract Management Service (CMS). Hy-phen will offer a system, which includes paying the contractor, at a charge of 5% as opposed to the 15-20% normally levied by agencies.

Hy-phen is headed by William Minns, CEO. Minns co-founded Arena Resources Ltd, a highly successful contract IT recruitment company, selling it in 1996 to Lorien plc.