Growth reflects critical need for AI, automation and hyper-personalization across talent experience
Phenom, the global leader in Talent Experience Management (TXM), 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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“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.”
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.”
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“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.
