Hy-phen Workforce Management Solutions, the managed service offshoot of Spring Group, has signed a three-year deal with insurance company Prudential to manage all of its contingency recruitment.

Hy-phen has built a vendor management system for Prudential as part of the contract. It is due to go live in the fourth quarter of this year.

Line managers will log in to find staff and all processes will be handled online. Also, eight on-site consultants will handle relationships with Prudential’s preferred suppliers.

Alexander Mann Group, which manages permanent recruitment for Prudential, also uses the technology to process applications.

Hy-phen already runs a similar system for Barclays Bank, saving it “hundreds of thousands of pounds a year,” said Hy-phen MD Peter Collis.