Growth reflects critical need for AI, automation and hyper-personalization across talent experience
Phenom, the global leader in Talent Experience Management (TXM), today announced its inclusion on the 2021 Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. This marks Phenom’s fourth consecutive year on the list.
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Phenom, the global leader in Talent Experience Management (TXM), today announced its inclusion on the 2021 Deloitte Technology Fast 500™. (Graphic: Business Wire)
Phenom’s relentless growth is made possible by the successful adoption of AI-powered talent experiences. Some of the world’s largest employers are leveraging TXM to drive critical initiatives — such as employee retention, high-volume hiring, automation and personalization — across a wide range of industries:
- A media company increased completed applications by 300%.
- A healthcare company hired 451 nurses in just seven weeks.
- A conglomerate fueled over 6,500 internal referrals per month.
- A logistics company decreased time to fill for internal hiring by 20%.
- A software corporation automated 90% of interview scheduling, saving 24,000 hours.
- A hospitality company engaged 18,000 candidates through chatbot, reducing time to apply by 78%.
- A technology company experienced a 25% decrease in time to fill by using talent CRM campaigns.
- An entertainment company drove 33,000 visits to their alumni portal, resulting in 900 applications.
“Top employers around the world know they need a system of intelligence to compete for talent,” said Mahe Bayireddi, CEO and co-founder of Phenom. “HR teams are turning to Phenom’s AI-powered talent experience platform because it helps them hire, develop and retain employees through automation and hyper-personalization.”
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”
Overall, 2021 Technology Fast 500™ companies achieved revenue growth ranging from 212% to 87,037% from 2017 to 2020, with median growth of 521%.
On Dec. 9, Phenom is hosting the HR industry’s first-ever AI Day. The live broadcast will demonstrate how systems of intelligence are helping global companies tackle their biggest challenges: retaining employees, attracting candidates, implementing automation and delivering hyper-personalization. To register for Phenom AI Day, visit ai.phenom.com.
Phenom is a global HR technology company with a purpose to help a billion people find the right job. With an expertise in building AI-powered, scalable solutions, Phenom Talent Experience Management (TXM) personalizes and automates the talent journey for candidates, recruiters, employees and managers with its Career Site, Chatbot, CRM, CMS, SMS and Email Campaigns, University Recruiting, Internal Mobility, Career Pathing, Diversity & Inclusion, Talent Marketplace, Gigs, Referrals, Hiring Manager and Analytics. As a result, employers improve their talent acquisition and talent management efforts by helping candidates find the right job, employees grow and evolve, recruiters discover top talent, and managers build teams faster. Phenom was ranked among the fastest-growing private companies in the 2021 Inc. 5000 and Deloitte Technology Fast 500, and was a winner in the Business Intelligence Group’s 2021 Artificial Intelligence Excellence Awards program for its sophisticated machine learning capabilities.
Headquartered in Greater Philadelphia, Phenom also has offices in India, Israel, the Netherlands, Germany and the United Kingdom.
About the 2021 Deloitte Technology Fast 500™
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Dan Norton, Public Relations Manager, Phenom