John HarringtonMay 20, 2023
Topics: News

For 3 Years in a Row, Phenom Named Strategic Leader in the Fosway 9-Grid™ for Talent Acquisition 2023

We’re thrilled to announce that Phenom was named a Strategic Leader in the Fosway 9-Grid™ for Talent Acquisition 2023 for the third year in a row!

The #1 HR analyst in Europe, Fosway annually releases its 9-Grid™ for Talent Acquisition to help organizations better compare HR technology vendors, and make more informed investments based on the solution’s potential, performance, presence, total cost of ownership, and future trajectory.

Fosway identifies Strategic Leaders as companies that provide a rich suite of capability across a broad scope of features and have the sophistication to consistently meet the needs of complex enterprise-scale customers. According to Fosway, Phenom has proven its ability to deliver higher levels of innovation, customer impact, and advocacy compared to alternatives in the market.

Maintaining our Strategic Leader position reinforces that our talent experience platform is enabling global enterprises with the intelligence, automation, and experience needed to quickly attract, identify, engage, and hire the right talent.

Fosway 9-Grid for Talent Acqusition 2023

Access the Report

English | German

Why It Matters

According to a European Labour Authority report, the competitive talent market and high job vacancy rates remain a priority on the European Union’s policy agenda. To better connect with candidates and quickly fill open roles in a scalable, sustainable way, CHROs and CEOs from today’s leading enterprises are choosing holistic solutions that leverage intelligence, automation, and experience to reduce repetitive tasks, increase recruiter efficiency, and hyper-personalize every part of the talent journey.

“Artificial intelligence (AI) is accelerating disruption in the TA market,” said David Wilson, CEO, Fosway Group. “Phenom’s position as a Strategic Leader on the 2023 Fosway 9-Grid™ for Talent Acquisition reflects the company’s continued innovation in AI and the candidate and talent experience. Recent acquisitions continue to give the company even greater traction in the European market.”

The report, which once again positions Phenom in the Strategic Leader zone, solidifies us as a leader in the talent acquisition market with a solution that maximizes both performance and potential.

What Sets Phenom Apart

More than 500 global, diverse enterprises leverage our vast network of data, contextual industry models, and deep learning to achieve measurable, defensible results. And we are fully invested in the success of our customers’ teams, their outcomes, and the incredible impact they’re able to drive for talent acquisition, talent management, and the business as a whole.

With the Phenom platform, our customers have made tremendous accomplishments:

  • Generating 11X more internal and external applications and achieved a 50% reduction in time to apply >

  • Driving a 176% increase in applications and a 165% increase in hires YOY >

  • Delivering 8X more candidates and 20% faster hires >

  • Saving 78% of recruiters’ time with automated screening and scheduling >

  • Decreasing time to schedule an interview 98% (from 5 minutes to 5 seconds) with automation >

  • Increasing recruiter productivity 567% and reduce agency spend >

  • Cutting 65 days off time to hire >

By continuing to deliver innovation, scale technology, and elevate customer support, the largest enterprises in Europe are able to solve their most complex talent demands.

In addition to the existing talent acquisition technology available that has been available for years (e.g., Career Site, CMS, CRM, Video Assessments, AI Scheduling), we recently announced Phenom X+ — a new platform-wide generative AI capability — and 18 new platform innovations, including:

Generative AI
for TA, which improves efficiencies by providing sourcers, recruiters, talent marketers, and other talent acquisition professionals with the ability to generate personalized content that delights candidates and dramatically speeds up the hiring process by eliminating time consuming, manual work.

(Image: Phenom X+ automatically generates job description)

High-Volume Hiring, which automates job discovery, application submission, and offering extension processes for frontline and hourly workers.

Automation Engine
, which gives organizations the backend interface and control needed to configure and iterate on hiring workflows – complete with intelligence for ongoing monitoring and qualitative analysis of performance plus recommendations to optimize in real-time.

(Image: Phenom Automation Engine highlights all existing automations — designed to eliminate tedious, manual tasks — that can be managed, edited, and updated in a central location)

Interview Intelligence, which eliminates the black box of the interview process by providing transcripts, key takeaways, and actionable guidance to the hiring team to move forward with decisions faster.

Phenom Interview Intelligence

Workforce Intelligence
, which provides context and oversight to HR teams within their organization, including hiring trends, churn rate, retention risks, and high performers, to improve talent onboarding, development, and retention.

Image: Phenom Workforce Intelligence

Candidate Hub
, which brings transparency to candidates throughout the hiring process, making it easy to discover relevant roles, understand hiring status, prepare for interviews, and reschedule when conflicts arise.

Phenom Candidate Hub

Trailblazing New Paths for HR Tech

The future of every company depends on its ability to embrace and quickly adopt intelligence, automation, and experience. In the midst of a hiring slowdown, hiring and retaining best-fit employees is more important than ever. To learn more about how the Phenom platform can empower you to hire faster, book a personalized demo today.

Download the Fosway 9-Grid™ for Talent Acquisition 2023: English | German

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