HireVue Strengths, Domain Expertise, and Key Differentiators
HireVue's AI-integrated hiring systems offer numerous advantages to their clients. These benefits include streamlining the recruitment process for recruiters, candidates, and employers by automating applicant screening and evaluation. This not only simplifies talent acquisition but also enhances its speed while ensuring fairness and objectivity.
HireVue Recent Developments
At the forefront of this groundbreaking strategy stands the introduction of Find My Fit, a cutting-edge solution that leverages HireVue's proficiency in AI-driven talent assessment. This application serves as a vital link between candidates and job opportunities, granting job seekers the ability to uncover positions that harmonize with their abilities, interests, and untapped potential. The core essence of the Find My Fit application centers on precise job matching, ensuring that candidates are not merely directed to available job openings, but rather to roles that genuinely harmonize with their distinctive skills and latent capabilities. This approach not only expands the horizons of candidates but also enhances their overall job-seeking journey.
In April 2021, HireVue introduced HireVue Builder, a tool empowering hiring teams to swiftly craft well-structured interviews centered around specific key skills required for a given job. By discerning the job role and level, HireVue Builder automatically proposes pertinent job-related competencies, appropriate interview questions, and evaluation criteria that have been scientifically verified to enhance equitable hiring decisions and better predict on-the-job performance.
In October 2019, HireVue expanded its collection of validated game-based assessments by introducing novel assessments geared towards gauging emotional intelligence pertinent to the job. This suite, including E-Motions, TeamChat, LeaderChat, and Pulse, collectively measures attributes such as empathy, influence, and impulsivity. These fresh assessments equip hiring managers with evidence-backed insights into the social skills closely tied to employability, job performance, and leadership, thereby enhancing their capacity to select the most qualified candidates for the position.
HireVue Mergers and acquisitions (M&A) Activities
In October 2020, the acquisition of AllyO positioned the company as a transformative player in the hiring industry. AllyO's recruiting chatbot and automated workflow software, when combined with HireVue's on-demand video interviewing and assessments, promise to expedite the hiring process and enhance the quality of talent acquisition for organizations. This strategic move also enables companies to tap into a broader and more diverse pool of candidates.
In May 2018, HireVue made another significant acquisition by adding London-based MindX, a game-based assessments company, to its portfolio. MindX's game-based assessments have a proven track record of expediting the hiring process and swiftly identifying cognitive traits in prospective employees. By integrating MindX's latest advancements in psychometrics, big data, and machine learning into the HireVue Video Intelligence platform, HireVue now empowers its customers to seamlessly incorporate game-based assessments into their candidate screening procedures, resulting in more comprehensive evaluations and an engaging candidate experience.
HireVue Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying HireVue applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of HireVue and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified HireVue Interview Scheduling, HireVue Conversational AI Recruiting Assistant, HireVue Interview Assessments customers.
HireVue Overview
Ownership: - Carlyle
Number of Employees: 400
Functional Market: Recruiting,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
HireVue Key Cloud and HCM Applications
HireVue Interview Scheduling, HireVue Conversational AI Recruiting Assistant, HireVue Interview Assessments
HireVue HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
HireVue Revenue Breakdown by Type:
HireVue HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
HireVue HCM Applications Revenues By Verticals, $M:
HireVue Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
HireVue Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
HireVue Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified HireVue Customers
No. of HireVue Customers: 800
No. of HireVue HCM Applications Customers: 800
No. of HireVue Cloud HCM Customers: 800
No. of HireVue Cloud HCM Subscribers: x
HireVue collaborates with a global clientele of more than 800 organizations, which encompasses prominent brands like Vodafone, Intel, Tiffany & Co., Honeywell, Qantas, Carnival Cruise Line, and 40% of Fortune's Most Admired companies. With the 2023 acquisition od Modern Hire, HireVue will serve over 1,150 customers around the globe and over half of the Fortune 100. Notably, in the year 2022, HireVue experienced a substantial 37% surge in new customer acquisitions.
HireVue Market Opportunities, M&A and Geo Expansions
The acquisition of Modern Hire in 2023 heralds a new era in hiring, offering organizations an easier way to leverage a comprehensive and innovative platform for assessment, interviewing, and end-to-end hiring automation. This move solidifies HireVue's position as a leader in modern hiring solutions driven by ethical AI, enabling them to help organizations uncover employee and candidate potential beyond traditional resumes. This strategic move expands HireVue's product offerings, serving over 1,150 customers globally and more than half of the Fortune 100, and reaffirms their commitment to science, innovation, and ethical AI in the hiring process.
HireVue Risks and Challenges
Significant risk for a video interview software company is the potential for technical glitches or network issues during interviews, which could lead to a negative candidate experience and impact the overall effectiveness of the hiring process.
HireVue Ecosystem, Partners, Resellers and SI
HireVue collaborates with numerous ATS vendors and other partners to offer the capability of seamlessly inviting candidates for interviews directly through your ATS or candidate CRM. Through most integrations, users can extend invitations to candidates, monitor their status, and review interviews by accessing action links within your system of record. Additionally, HireVue provides an open API for vendors who are interested in integrating with our system but are not currently connected.
HireVue Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- HireVue Public Cloud and Infrastructure (IaaS)
- HireVue Platform (PaaS)
- HireVue Application Delivery
- HireVue Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
