Modern Hire Strengths, Domain Expertise, and Key Differentiators
Modern Hire emerges as a robust solution amid the upheavals caused by the global COVID-19 pandemic in the hiring landscape. This platform offers a comprehensive suite that adapts seamlessly to the current realities faced by companies worldwide. One of Modern Hire's key strengths lies in its virtual interviewing platform, which encompasses the entirety of the hiring process. From pre-employment assessments to virtual job simulations and a spectrum of interview formats—live video, on-demand video, text, or phone—the platform delivers a versatile solution to the challenges posed by travel restrictions and increased applicant volumes.
/br> By integrating predictive analytics, AI, and deep learning, Modern Hire elevates the hiring experience for enterprises. The platform's proven SaaS technology not only enhances user experience but also streamlines operations through automation and optimized workflows. This amalgamation of cutting-edge technology positions Modern Hire as a frontrunner, empowering businesses to swiftly and efficiently navigate the evolving hiring landscape while ensuring predictive, data-driven decisions that align with their future goals.
Modern Hire Recent Developments
In May 2023, Modern Hire, an enterprise hiring platform renowned for leveraging advanced selection science to mitigate bias and forecast candidate suitability, introduced a groundbreaking addition to its suite: the Virtual Job Tryout® (VJT) for Flight Attendants. This preconfigured assessment tool is specifically tailored to cater to a global pool of aspiring flight attendant candidates.
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 May 2023 HireVue, announced it has acquired Modern Hire, the intelligent hiring platform.
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,
Key Verticals: Banking and Financial Services, Healthcare, Leisure and Recreation, Hospitality, Professional Services, Retail,
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 | 2022 | 2023 | YoY Growth, % |
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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.
Modern Hire Revenue Breakdown by Type:
Modern Hire 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 | |
Modern Hire HCM Applications Revenues By Verticals, $M:
Modern Hire Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
Modern Hire Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Modern Hire Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Modern Hire Customers
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 2023, Modern Hire unveiled the Virtual Job Tryout® (VJT) for Flight Attendants, leveraging their advanced selection science expertise. This tool, an extension of their acclaimed VJT simulation assessment technology, specifically targets aspiring flight attendant candidates globally. It provides a realistic preview of the role's demands while evaluating crucial skills for success in this field.
Moreover, Modern Hire's strategic partnership with Greenhouse in May 2021 is a significant opportunity. This integration streamlines the hiring process for Modern Hire clients by incorporating on-demand video, voice, and text interviews, live interviews, and assessments within Greenhouse workflows. By minimizing administrative burdens on recruiters, this collaboration enables them to focus on strategic talent advising, fostering smarter hiring decisions. The combined efforts of Modern Hire and Greenhouse expedite candidate engagement, offering an enhanced hiring journey for candidates, recruiters, and hiring managers alike.
These advancements showcase Modern Hire's ability to merge science-based assessments with innovative interview technology, presenting a substantial opportunity for enterprise-wide transformation in the hiring sphere. The integration of advanced tools not only streamlines processes but also enables HR leaders to make more informed, data-driven hiring decisions, potentially revolutionizing hiring practices within organizations. This convergence of expertise positions Modern Hire to seize opportunities by providing comprehensive, data-backed solutions for enhanced hiring experiences across various industries.
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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- Modern Hire Public Cloud and Infrastructure (IaaS)
- Modern Hire Platform (PaaS)
- Modern Hire Application Delivery
- Modern Hire 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:
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