How The Exploration Company successfully managed a 100% hiring rate

Antoine Mondésert, Chief Financial Officer at The Exploration Company, and his team use Cartha to keep Finance, People and Management closely aligned. It allowed the company to maintain control over its workforce while doubling the number of employees in less than 2 years.

Spreadsheets replaced

20+ hrs

Saved time per month on alignments

30+

Chiefs & leads collobrate in Cartha

Learn how your team can benefit from Cartha

Learn how Cartha helps you

Customer

Meet The Exploration Company, Europe’s answer to SpaceX

Locations

Europe

Funding

65m EURm+

Industry

Space Tech

Founded

2021

HR Tech Stack

The Exploration Company (TEC) is one of the fastest-growing companies in Europe, leading the continent's efforts in space exploration.

Founded in 2021, the company’s mission is to enable everyone to participate peacefully in the building of our space future. To achieve this, TEC are developing Nyx – a reusable and in-orbit refillable spacecraft that can fly to any space station.

Within the first three years after founding, the company has hired more than 100 employees and won existing supply contracts with institutions like the European Space Agency (ESA).

More Facts on The Exploration Company:

Biggest department: Engineering
Managers involved in headcount planning: 30+
Yearly hiring rate: 100%

Planning in multiple spreadsheets led to synchronization effort and fragile processes. Through Cartha’s integrated solution, we have been able to streamline our headcount planning processes and ensure everything is managed efficiently.

Zoe Choo, Talent Acquisition Senior Manager

Context

Planning took place across multiple, decentralized Excel sheets

With its rapid expansion, the company faces several challenges, including the need to efficiently control and forecast its people costs. Previously, these tasks were handled through various spreadsheets:

Approval Sheet: Collaboration among chiefs and leads to manage hiring requests and approvals
Hiring Tracking Sheet: Hiring tracking of approved positions
Controlling Sheet: Comparison of Actuals, Forecast and Budget

Due to the complexity of syncing planned positions and costs between Excel, Ashby, and Personio, the Finance and People teams, spearheaded by Zoe and Juan, began exploring Cartha as a solution.

Solution

Cartha’s integrated platform & approval flow made the difference

Next to having an integrated platform, The Exploration Company decided for Cartha due to its superior Approval Flow. With Cartha, every team manager can request new personnel. This triggers a chain of approvals, usually ending at top management for final approval.

Now Zoe has full transparency of planned positions and hiring progress

A report with non-approved positions helps her to evaluate the team’s upcoming recruiting capacity
A live integration with Ashby ensures the team always knows which planned positions are also published
The hiring tracker allows the people team to easily change hiring parameters and visualize their capacity

Now Zoe has full transparency of planned positions and hiring progress

A report with non-approved positions helps her to evaluate the team’s upcoming recruiting capacity
A live integration with Ashby ensures the team always knows which planned positions are also published
The hiring tracker allows the people team to easily change hiring parameters and visualize their capacity

Our company is scaling very quickly. Having Cartha connected to our HR and Finance tools allows us to have a live simulation of our headcount and costs, both for actuals vs. forecasts, and to react accordingly. Cartha also became our tool for labor cost budgeting.

Antoine Mondésert, Chief Financial Officer

Learn how your team can benefit from Cartha

Learn how Cartha helps you

Integrating The Exploration Company’s existing software with Cartha and having the Finance and the People team operable took less than 48 hours.

Subsequently, all chiefs & leads were invited into the software. Cartha supported the rollout with a dedicated Success Manager and regular check ins.

Short workshops and documentations helped to get everyone onboarded as quickly as possible.

Integrating The Exploration Company’s existing software with Cartha and having the Finance and the People team operable took less than 48 hours.

Subsequently, all chiefs & leads were invited into the software. Cartha supported the rollout with a dedicated Success Manager and regular check ins.

Short workshops and documentations helped to get everyone onboarded as quickly as possible.

Implementing Cartha has been that straightforward it felt almost instinctive. The team has been exceptionally helpful and supportive the few times it didn’t.

Juan García Maldonado, Financial Controller

Implementing Cartha has been that straightforward it felt almost instinctive. The team has been exceptionally helpful and supportive the few times it didn’t.

Juan García Maldonado, Financial Controller

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Maintaining control of our hiring plan was tough with Excel. So we switched to a solution that integrates with our existing systems. Now we have total control on our largest spend item - workforce.
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Implementing Cartha has transformed our decision-making. We now have real-time headcount and cost data, which has reduced errors and gives us control at every single point in time.
Wouter Hendriks
CFO at Shiftmove
Read the full case study
Maintaining control of our hiring plan was tough with Excel. So we switched to a solution that integrates with our existing systems. Now we have total control on our largest spend item - workforce.
Dennis Wegener
Head of People at Join
Read the full case study

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