FAQs Regarding HireVue's Acquisition of Modern Hire

Why Is HireVue Acquiring Modern Hire?

HireVue’s vision of unlocking potential for everyone by connecting talent to opportunity is aligned with Modern Hire’s vision to Change Hiring for Good. Modern Hire’s deep expertise and commitment to science complements our strong belief that hiring and access to opportunity should be fair and equitable and create opportunities that ensure the right candidate is hired for the right role.

HireVue is the best way for enterprises to engage, evaluate and select talent. And now our combination with Modern Hire marks a new era in hiring, providing organizations with an easier way to realize the full benefits of the most comprehensive and innovative platform for assessment, interviewing and end-to-end hiring automation.

Setting the bar in transforming the talent experience, this acquisition underscores HireVue’s commitment to fairer, science-backed hiring and continued innovation, and solidifies its position as the unrivaled industry leader in modern hiring solutions powered by ethical AI. We are innovators, pioneers and the industry leaders championing a fairer, science-backed hiring process that better connects talent to opportunity enabling people and companies to unlock their full potential.

By combining HireVue’s market leading video interviewing and AI-assessment solutions with Modern Hire’s intelligent hiring platform we now offer transformational talent experiences with unparalleled insights into candidate skills and potential to help organizations make fairer and more informed hiring decisions.

The combined company will have the deepest IO expertise in the market powered by the broadest suite of solutions including the global standard for enterprise video interviewing and talent assessment, scheduling and text-based automation, and candidate engagement solutions. Together we provide an assessment platform for any job role, or across job roles, for any company at any stage in their hiring journey

Who is Modern Hire?

Modern Hire’s intelligent hiring platform helps global enterprises transform hiring experiences and business performance. A marketplace innovator with its Virtual Job Tryout® role-based assessments. Modern Hire is committed to creating new and practical ways of measuring and understanding human performance.

Modern Hire is differentiated by its advanced selection science and its commitment to the ethical use of AI. Its proprietary intelligence engine is among the market leaders in ethical selection science driven by advanced degree psychologists and data scientists and backed by deep investment in understanding and measuring human performance in the workplace.

Modern Hire is trusted by more than 450 leading global enterprises including Fed Ex, Charter Communications, Humana and nearly half the Fortune 100.

Learn more about Modern Hire here.

How will the HireVue and Modern Hire product suite combine to offer customers an end-to-end hiring solution?

Our number 1 priority during this transition time and beyond is to continue to execute exquisitely for our clients. To minimize customer disruption, HireVue and Modern Hire will continue to sell and support all existing products while we work to seamlessly integrate the product suite.

Each company has decades of success in science-based hiring and ethical AI.
- HireVue: The pioneers in combining the disciplines of Industrial Organizational psychology and Data Science to drive innovation in the industry and new ways of understanding people’s potential. Our first of its kind AI-backed Assessments have scaled data-driven hiring decisions for some of the world’s biggest brands.
- Modern Hire: Its proprietary intelligence engine, powered by the research and innovation of scientists who are committed to creating new and practical ways of measuring and understanding human performance.
Our complementary solutions help hiring teams around the globe modernize their hiring processes with data-driven insights that further transform the way organizations engage, evaluate and select the best talent.
- Structured Interviewing Technology
  - HireVue: The leading provider of structured video interviewing, powered by text-based candidate engagement and automation technology.
  - Modern Hire: Its intelligent hiring platform includes interview and workflow automation tools that make hiring more effective, efficient, ethical and engaging.
- Assessment Approach
  - HireVue: Modern AI-driven assessments that leverage over 100 years of Industrial Organizational psychology as well as over 36 million completed interviews to validate skills that are relevant to on-the-job success.
  - Modern Hire: Engaging and innovative role-specific assessments and Virtual Job Tryouts® built on over 20 years’ experience and hundreds of validation studies documenting impact.

Is Modern Hire focused on the US or do they have a global presence?

Modern Hire supports customers globally and has presence in the US, EMEA and APAC regions. The company currently supports 32 different languages. With the acquisition, HireVue will have an expanded global customer base and will leverage the international resources of the two companies.

How does this acquisition fit into HireVue’s overall growth strategy?

We are innovators, pioneers and the industry leaders championing a fairer, science-backed hiring process that better connects talent to opportunity enabling people and companies to unlock their full potential. And now our acquisition of Modern Hire marks the beginning of a new era in hiring, providing organizations with an easier way to realize the full benefits of the most comprehensive and innovative platform for assessment, interviewing and end-to-end hiring automation.

By combining HireVue’s market leading video interviewing and AI-assessment solutions with Modern Hire’s intelligent hiring platform, we now offer transformational talent experiences with unparalleled insights into candidate skills and potential to help organizations make fairer and more informed hiring decisions.

Together we provide an assessment platform for any job role, or across job roles, for any company at any stage in their hiring journey. Together we can help companies hire for skills vs just experience, make data driven hiring decisions, and meet the challenges of workplace skill and talent shortages by identifying candidates who have the potential to fill a need today and grow with their organization for the future.

The acquisition brings additional scale, resources and expertise as well as a broader product portfolio to meet the market’s growing need for and understanding of employee and candidate potential beyond just resumes.

Following the acquisition, what will hiring managers be able to do that they couldn’t previously?

The combined company will have the deepest IO expertise in the market and a broader suite of solutions including the global standard for enterprise interviewing and assessment including Virtual Job Tryouts®, scheduling and text-based automation, and candidate engagement solutions. Together we provide an assessment platform for any job role, or across job roles, for any company at any stage in their hiring journey.

We help hiring teams win in 3 ways:

Allowing them to connect, schedule and interview talent anytime and anywhere with industry leading virtual, on demand and live interview solutions.
Giving them Industry-leading assessment tools that measure role-specific competencies that are required for on-the-job success.
Helping them select the right talent for their teams with ethical solutions built to scale for the needs of enterprise and to be compliant to enable hiring at global scale.

How does this acquisition benefit the job seekers?

For candidates, we believe finding a job and career success should be an empowering and positive experience that puts the spotlight on your potential, not your pedigree. That’s why we are committed to building solutions that provide a fairer and more comprehensive evaluation of a candidate’s skills and potential.

Our solutions give candidates greater flexibility and control over the entire interview process: whether it’s scheduling initial interviews via text and WhatsApp, or sitting down in the comfort of your own home in the evening to complete a video interview. The modern conveniences people expect as consumers – ease, speed and transparency – should also extend to the job search.

For too long, who got the job was based on gut-feeling and connections. This acquisition gives companies auditable, science-backed tools that make the selection process fairer for candidates. We’ve seen time and again how diversity improves when the structure and consistency of automation and artificial intelligence are added to the hiring process.