What does BondWeaver do?

Gaspar Kocsis. - “BondWeaver developed an AI-based organisational analytics tool, called BondWeaver Journey, which maps the interactional network of companies. Our software compares the results to business benchmarks and research findings from network science, organisational psychology, biology and anthropology.

Based on the results, our AI prepares reports, predictions and advice for HR managers and the senior management. Our tool also provides every employee with an individual report on how they can improve their position in the interactional network.

Organisational network analytics is a really powerful tool. We believe that the cause of every HR related issue in the organisation comes from the interactional network. Krackhardt - a network scientist - uses a great metaphor to explain organisational network analytics in a straightforward way: imagine that the organisation chart is a skeleton of the company, and the interactional network is its central nervous system.

We map and measure the interactional network; we make it visible and manageable. We launched our new analytics module very recently, focusing on employee retention.

Why employee retention?

“Early in the Fit4Start programme, our coaches asked us to talk to our existing clients and prospects and find out their most pressing HR issues. Five out of ten HR managers claimed that employee retention is either a growing problem or a strategic priority for their company. Our first attrition report was requested by one of our early clients (a company with 600+ employees) when they used our analysis for the second time in six months. We created an algorithm, which calculated an attrition risk score for each employee.

We also ran our algorithm on their first analysis, and it turned out that 66% of the employees, who were identified as being at high risk for leaving the company, had already left or handed in their notice by the time we did the second analysis. On average, companies working with us can reduce their annual attrition rate by 30%. This means millions of euros saved every year because replacing an employee is very expensive: it costs somewhere between 75%-200% of their annual salaries.

In the budgets, companies plan only with the hiring costs, but they do not calculate the time spent on training, development, onboarding and ignore lost productivity in an existing team. All of these factors come with a price tag.

What is next for BondWeaver?

“We cannot wait to participate in the Paperjam Start-up Stories. We are already quite established in the CEE region, in the next year our focus will be Western European markets, especially Luxembourg and the region. In terms of new products, we have a development pipeline for the next three years.

We are already supporting companies in their agile transformation process, so you can expect a new analytics tool in that area and we are also developing a product, which focuses on teams, key people and innovation.

Our co-founder, Mr Balazs Vedres, a professor at the University of Oxford, did years of research in the area of networks and innovation, more specifically, he identified the source of creativity in collaboration networks. We are already leveraging Balazs’s research findings, but we would like to launch a dedicated product, which allows managers to foster creativity and innovation in organisations, to give them the edge they need so as to become the leaders in their sector.”

You can register for the Start-up Stories: Round 2 on the website of the .