Phenom’s AI and GenAI Solve Organizations’ Hiring, Development
and Retention Challenges
Phenom earned recognition as one of Inc.’s fastest-growing
private businesses in America, marking Phenom’s fifth consecutive
appearance on Inc.’s prestigious list.
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Phenom is recognized among Inc.’s
fast-growing private businesses, earning a spot on the prestigious
Inc. 5000 list for the fifth consecutive year. (Graphic: Business
Wire)
“Designing products with AI and GenAI should focus on solving
the real challenges faced by human resources, not adding flashy
features,” said Mahe Bayireddi, CEO and co-founder of Phenom. “Our
obsession is creating phenomenal experiences that are contextually
relevant and continuously evolving. This commitment is how we help
a billion people find and keep the right work.”
“One of the greatest joys of my job is going through the Inc.
5000 list,” says Mike Hofman, who recently joined Inc. as
editor-in-chief. “To see all of the intriguing and surprising ways
that companies are transforming sectors, from healthcare and AI to
apparel and pet food, is fascinating for me as a journalist and
storyteller. Congratulations to this year’s honorees, as well, for
growing their businesses fast despite the economic disruption we
all faced over the past three years, from supply chain woes to
inflation to changes in the workforce.”
Phenom’s AI Technology Solves Organizations’ Hiring,
Development and Retention Challenges
Driven by a purpose of helping a billion people find the right
work, Phenom empowers many of the largest global enterprises with
its Intelligent Talent Experience platform to ensure candidates
find and choose the right job faster, employees develop their
skills and evolve, recruiters become wildly productive, talent
marketers engage with extreme efficiency, talent leaders optimize
hiring processes, managers build stronger teams, HR aligns employee
development with company goals, and HRIT creates a holistic tech
infrastructure through seamless integrations.
Phenom has led the industry’s innovation by developing AI and
GenAI-powered solutions that address the evolving hiring and
retention challenges companies face today. Three advancements
include the ability to hire employees at scale and adopt a
skills-based approach to talent management, including:
- Phenom X+: Since early 2023, Phenom X+ has empowered
organizations with platform-wide generative AI capabilities that
create better talent engagement and bolster efficiencies. X+
automates the creation of personalized content, surfaces actionable
intelligence, and eliminates time-consuming tasks for candidates,
employees, recruiters, managers, and HR teams. Designed to
dynamically support an organization’s planning, hiring, retention,
and growth needs by taking its unique context and data into
account, Phenom X+ enables talent acquisition and talent management
to achieve unprecedented levels of productivity. This year, Phenom
expanded the impact of its generative AI with X+ Agents that
understand, reason and rapidly complete tasks such as sourcing,
identifying best-fit candidates, and fostering career pathing and
employee development.
- Phenom High-Volume Hiring: By shifting time-consuming
transactional tasks into frictionless, hyper-personalized
interactions, High-Volume Hiring enables recruiters and hiring
managers to collaboratively source, screen, schedule and make job
offers faster without sacrificing a great candidate experience.
Defined by AI and seamless automated workflows, the integrated set
of solutions combines Automated Interview Scheduling, One-Way
Interviews, Hiring Manager, Career Site, Chatbot, and SMS or
WhatsApp engagement. Phenom has recently added behavioral and
language assessments developed by our in-house experts and I/O
psychologists to keep candidates in the flow of the applications
process, driving a 20% increase in completion.
- Phenom Workforce Intelligence: Workforce Intelligence provides
critical context that drives talent mobility and career development
throughout the enterprise with deeper insight into supply and
demand and skills gaps. With AI-driven intelligence and proprietary
ontologies, HR and talent management teams can accelerate strategic
workforce planning, scale succession planning coverage, offer
personalized growth opportunities, and gain visibility into each
employee — including skills and competencies, career goals,
professional preferences, performance and engagement. Giving
companies the ability to rapidly create job architectures enables
them to accelerate their career pathing initiatives and discover
thousands of skills they weren’t aware were available in their
organization.
Register here for the only AI Day dedicated to human resources,
and learn about AI and GenAI’s impact and use cases across
industries. To discover why organizations rely on Phenom, book a
personalized demo.
About Phenom
Phenom has a purpose of helping a billion people find the right
work. Through AI-powered talent experiences, employers use Phenom
to hire employees faster, develop them to their full potential, and
retain them longer. The Phenom Intelligent Talent Experience
platform seamlessly connects candidates, employees, recruiters,
talent marketers, talent leaders, hiring managers, HR and HRIT —
empowering diverse and global enterprises with innovative products
including Phenom X+ Generative AI, Career Site, Chatbot, CMS,
Talent CRM, One-Way Interviews, Automated Interview Scheduling,
Interview Intelligence, Talent Experience Engine, Campaigns,
University Recruiting, Contingent Talent Hiring, Talent
Marketplace, Workforce Intelligence, Career Pathing, Gigs,
Mentoring, and Referrals.
Phenom has earned accolades including: Inc. 5000’s
fastest-growing companies (5 consecutive years), Deloitte
Technology's Fast 500 (4 consecutive years), five Brandon Hall
‘Excellence in Technology’ awards including Gold for ‘Best Advance
in AI for Business Impact,’ Business Intelligence Group's
Artificial Intelligence Excellence Awards (3 consecutive years),
and a regional Timmy Award for launching and optimizing
HelpOneBillion.com (2020).
Headquartered in Greater Philadelphia, Phenom also has offices
in India, Israel, the Netherlands, Germany and the United
Kingdom.
For more information, please visit www.phenom.com. Connect with
Phenom on LinkedIn, X, Facebook, YouTube and Instagram.
About Inc. Inc. Business Media is the leading multimedia
brand for entrepreneurs. Through its journalism, Inc. aims to
inform, educate, and elevate the profile of our community: the
risk-takers, the innovators, and the ultra-driven go-getters who
are creating our future. Inc.’s award-winning work achieves a
monthly brand footprint of more than 40 million across a variety of
channels, including events, print, digital, video, podcasts,
newsletters, and social media. Its proprietary Inc. 5000 list,
produced every year since its launch as the Inc. 100 in 1982,
analyzes company data to rank the fastest-growing privately held
businesses in the United States. The recognition that comes with
inclusion on this and other prestigious Inc. lists, such as Female
Founders and Power Partners, gives the founders of top businesses
the opportunity to engage with an exclusive community of their
peers, and credibility that helps them drive sales and recruit
talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, to
be held from October 16 to 18 in Palm Desert, California, please
visit http://conference.inc.com/.
The Inc. 5000 class of 2024 represents companies that have
driven rapid revenue growth while navigating inflationary pressure,
the rising costs of capital, and seemingly intractable hiring
challenges. Among this year’s top 500 companies, the average median
three-year revenue growth rate is 1,637 percent. In all, this
year’s Inc. 5000 companies have added 874,458 jobs to the economy
over the past three years.
Methodology Companies on the 2024 Inc. 5000 are ranked
according to percentage revenue growth from 2020 to 2023. To
qualify, companies must have been founded and generating revenue by
March 31, 2020. They must be U.S.-based, privately held,
for-profit, and independent—not subsidiaries or divisions of other
companies—as of December 31, 2023. (Since then, some on the list
may have gone public or been acquired.) The minimum revenue
required for 2020 is $100,000; the minimum for 2023 is $2 million.
As always, Inc. reserves the right to decline applicants for
subjective reasons. Growth rates used to determine company rankings
were calculated to four decimal places.
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version on businesswire.com: https://www.businesswire.com/news/home/20240813786785/en/
Media: Jennifer Lyons Phenom 267-379-5066
jennifer.lyons@phenom.com