Scaling from 20 to 100 employees at NN RAS
3x headcount growth
8 new trainings
8 different projects
NN RAS is the quantitative excellence center of NN Group, located in Budapest, supporting all NN entities in actuarial and risk management projects. Key responsibilities of NN RAS include developing cash flow models, developing the internal model of NN Group, the Solvency Capital Requirement (SCR) calculation engine, and generating economic scenarios (ESG) for stochastic valuation purposes.
NN RAS has grown dynamically and rapidly in recent years, facing new, unprecedented challenges. These included continuous hiring needs, the difficulties of managing more employees and controlling work, as well as organizational transformations. NN RAS required professional support for its organizational development.
Our Client’s results:
- Recruitment analytical reports that ensure leaders are moving in the right direction of company growth.
- The recruitment process has also stabilized, including scalability, such as competency-based interview techniques.
- Daily involvement in recruitment.
- To promote employee motivation, we completely revised goal-setting methods and formulated a people-centric OKR methodology.
“Our OKR-based performance management framework, developed and implemented in cooperation with the Nordconn team, supports us in reaching our long-term goals. With the help of the new system, we are able to transparently involve all members of the organization in the achievement of corporate goals.”