Modern Hire Strengths, Domain Expertise, and Key Differentiators
The global COVID-19 pandemic has forced many companies to adapt their hiring process to address current realities, without losing sight of the future of their business. The disruptions to business include travel restrictions, cancelation of in-person interviews, an increase in the volume of roles to fill and an increase in the volume of applicants for available jobs. As a result, companies are looking to rapidly shift the way they assess and hire talent. Our virtual interviewing platform covers the entire hiring process, from pre-employment assessments and virtual job simulations, all the way to providing live video interviewing technology and on-demand video, text or phone interview solutions.
With Modern Hire, enterpises transform hiring experiences with predictive analytics, AI and deep learning. The proven SaaS technology improves experience and efficiency with auotmation and workflows.
Modern Hire Recent Developments
In June 2021 Modern Hire released Automated Interview Scoring (AIS). AIS is an on-demand video interview feature that uses AI to evaluate candidate responses, providing recruiters and hiring managers with recommended scores during the review process to ensure a more fair, unbiased, and complete hiring experience. Modern Hire’s AIS helps interviewers avoid unconscious bias by providing a standardized, consistent, and objective selection methodology that allows them to focus only on the job-relevant aspects of candidates’ responses. Using proven Industrial-Organizational Psychology methods and cutting-edge AI, including natural language processing (NLP) and deep learning, AIS reliably replicates the judgment of professionally trained experts. Modern Hire’s AIS models were rigorously developed and found to have extremely high levels of accuracy replicating expert raters.
In May 2019, Montage unveiled its Spring 2019 AI platform enhancements. The new features represent an expansion of Montage’s proven capabilities for accelerating hiring and delivering a modern candidate experience. Montage’s latest market-driven upgrades include faster candidate engagement via Mira, Montage’s Intelligent Recruiting Assistant. Mira interacts with candidates using natural language and uses the free/busy data in Microsoft Outlook’s Exchange calendar to find availability on hiring managers’ calendars.
Modern Hire Mergers and acquisitions (M&A) Activities
In July 2020 Modern Hire acquired Sonru, an Ireland-based provider of automated video interviewing technology. The combined organization offers the most comprehensive enterprise hiring technology product suite in the global marketplace, extending Modern Hire’s team, reach and expertise, and providing enhanced value to Sonru’s clients. Incorporating Sonru into the Modern Hire brand expands Modern Hire’s client-facing presence to include offices and staff in Europe, the Middle East, and the Asia Pacific, enabling Modern Hire to serve most major regions and time zones around the world.
In May 2019, Shaker International, a provider of predictive talent intelligence and assessment solutions, has merged with Montage. The new company will help its combined client base, which includes hundreds of leading global brands and 47 of the Fortune 100, transform talent acquisition by embedding predictive intelligence into automated hiring workflows that enable better candidate experiences and smarter hiring decisions for 100% of an organization’s hires.
Modern Hire Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Modern Hire 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 Modern Hire 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 Hiring technology, text interviewing, video interviewing, phone interviewing, scheduling, pre-employment assessment, on-demand text interviewing, on-demand video interviewing, on-demand phone interviewing, hiring analytics. customers.
Modern Hire Overview
Ownership: - x
Number of Employees: 210
Functional Market: Recruiting,
Modern Hire Key Cloud and HCM Applications
Hiring technology, text interviewing, video interviewing, phone interviewing, scheduling, pre-employment assessment, on-demand text interviewing, on-demand video interviewing, on-demand phone interviewing, hiring analytics.
Modern Hire HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2019||2020||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud 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.
Modern Hire Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Modern Hire HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2020 HCM Revenues, By Sub-Functional Markets, $M
Modern Hire HCM Applications Revenues By Verticals, $M:
Modern Hire Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 HCM Applications Revenues, $M|
Modern Hire Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Modern Hire Customers - Breakdown by Geo, Size, Vertical and Product
No. of Modern Hire Customers: 700
No. of Modern Hire HCM Applications Customers: 700
No. of Modern Hire Cloud HCM Customers: 700
No. of Modern Hire Cloud HCM Subscribers: x
Modern Hire partners with many of the world’s most well-respected brands, including 47 of the Fortune 100. Modern Hire clients include globally recognized brands such as Waste Management, Comcast, CVS Health, Humana, Liberty Mutual, Netflix, P&G, United States Postal Service, Walmart, Delta and CapitalOne.
Modern Hire Market Opportunities, M&A and Geo Expansions
In May 2021 Modern Hire made new integration with Greenhouse, the hiring software company. This partnership provides Modern Hire clients with an automated process for submitting on-demand video, voice and text interviews, live interviews, and assessments within their Greenhouse workflows. The integration also reduces the administrative burden on recruiters, allowing them to become more strategic talent advisors and make smarter hiring decisions. Together, Modern Hire and Greenhouse accelerate a recruiter’s engagement with candidates and provide all stakeholders –- candidates, recruiters, and hiring managers – with an improved hiring process and a measurably better experience.
Modern Hire has combined science based assessments with innovative interview technology to transform the hiring experience-enterprise wide. HR leaders can enable better data-driven hiring decisions.
Modern Hire Risks and Challenges
Montage and Shaker International rebranded in Modern Hire. The rebrand reflects the company's transformative approach to bringing proven technology and trusted science together in a single platform to make hiring personal.
Employee engagement, coupled with candidate relationship management, could be needed to mitigate its reliance on video interview solutions. The key to success is alignment in strategy and vision with clients. Montage is designed to be a strategic part of the hiring process, not just a technology that can be used when desired.
Modern Hire Ecosystem, Partners, Resellers and SI
Montage has expanded its integration capabilities. Over the last year, Montage has experienced a rise in the number of clients seeking integrations with applicant tracking systems (ATS), calendar solutions, and talent assessment solutions. This shift in the market confirms industry research on how interviewing technologies are being adopted at a rapid pace. To ensure clients have a single solution for their complex hiring needs, Montage has partnered with leading human capital management (HCM) tools like iCIMS, IBM Kenexa, SAP SuccessFactors, Oracle/Taleo, Workday, and many others.
In February 2019, Montage made a strategic partnership with Infor, a global leader in business cloud software specialized by industry. The goal of this partnership is to allow both companies to leverage their respective platforms in bringing the next generation of predictive talent analytics and interviewing technology together during the hiring process. Infor and Montage want to provide candidates with a coherent interviewing and assessment experience while also empowering companies to move quickly between scheduling, assessment, and interviews to help them make smarter, more informed hiring decisions.
Modern Hire Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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).
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