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From stealth mode to storming the performance EV market
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locations:
- UK
Overview
Forseven – From stealth mode to storming the performance EV market
Forseven, with a vision to “reimagine the way we manufacture, own and connect with EVs” are in stealth mode. They are building a high-performance EV in a way that has never been done before. Their EV ownership model will differentiate the final product from all other performance vehicles in the market. We’re delighted to be a trusted partner for that journey.
Bond was initially brought in to create foundational TA capability within their in-house team. That included implementing an ATS system and training hiring teams on processes for scale and commercialisation people strategy. This quickly evolved into a hiring sprint to help them better tell their story, building out their marketing and comms team.
Next, building a pan-European GTM team is where we are driving together…
Building the Forseven in-house capability for the future:
We were initially brought in to roll out a new ATS and to put in processes that would enable the in-house team to hire at scale in the future.
The process had been a network of emails and spreadsheets. Some inefficiency, a lack of visibility, and inconsistency of candidate experience were the problem statements. As is often the case in the early days of a start-up.
The rollout of the first ATS was a prime opportunity to train hiring managers not only on the system itself but the supporting ways of working.
– Provide visibility of the hiring process and timescales to create the opportunity to evolve and improve
– Hiring a team able to operate more efficiently
– Embedding a consistent recruitment process and therefore candidate journey
Hiring accross every business function:
We have since supported the delivery of hiring across the whole business. Every function, we’ve hired in.
These include 5 crucial Heads of roles + their supporting teams.
One key focus was Forseven’s engineering growth, where they’d previously relied on agencies. However, targets were not being met and Bond was brought in. Since then we’ve made major improvements in delivery and targets have been surpassed.
Hiring in stealth mode can typically be slow, however, we’ve been able to hire at speed and hit targets that we’re proud of.
Our next mission is to help Forseven move out of stealth mode and into growth mode by shaping their GTM team and sales engine all across Europe.
Supercharging Forseven’s engineering teams:
An incredible work ethic, coupled with a streamlined process, has enabled our team to deliver a 65% cost per hire reduction. This is compared to the industry standard benchmark:
- 53 offers and 41 hires in 5 months – a conversion rate of 77%
- Saving Forseven £361,500 vs agency fees
