Moving Towards Agile: Managing Loxon Solutions’ Hiring Strategy, Organizational Development And Agile Transformation

Adrienn Tóth

Informasi Umum

Kode

24.10.081

Klasifikasi

658.401 2 - Planning and policy making, Management by objectives, Strategic management

Jenis

Case Studies

Subjek

Strategic Management

No. Rak

Dilihat

234 kali

Informasi Lainnya

Abstraksi

Loxon Solutions is a Hungarian technology startup founded in 2000 that develops various software solutions for the banking industry to improve processes such as retail and corporate landing, collateral management and monitoring, among others. The company grew significantly since being founded, and from a small IT company it became a significant player in the banking software industry all around the world. However, with rapid extension comes a drastic internal transformation as well: Loxon now employs 252 people, has 5 physical offices in 2 different countries and is trying to balance an effective organizational structure and a friendly startup environment. It is clear that the company needs to adapt its previously informal structure to fit the now middle-sized organization while maintaining the current benefits of their culture. Also, they require stability and maturity which the current team consisting of mostly junior employees and the significant fluctuation cannot provide. Tamas Erni, the CEO and Kristof Farkas, the founder of Loxon are now working on these pressing issues with the company’s HR department to rethink the companyâ€™s organizational structure and policies as well as their hiring and employer branding strategies.