Modern Hire, Inc.

Modern Hire, Inc. is a US-based company that provides innovative solutions for talent assessment and recruitment, utilizing advanced technologies like AI-driven assessments and video interviewing to enhance the efficiency and effectiveness of hiring processes. Founded in 2001 and headquartered in Cleveland, US, Modern Hire, Inc. specializes in developing hiring solutions.

The company was acquired by HireVue, Inc. on May 3, 2023, from The Riverside Company. The leadership team includes CEO Karin Borchert, and co-founders Andy B. and CC Gong.

The company's focus has remained on refining recruitment solutions while building strong client relationships among enterprises. Modern Hire offers a comprehensive suite of talent assessment and hiring solutions designed to streamline the recruitment process for employers. Their core product, the Modern Hire platform, integrates video interviewing, predictive analytics, and AI-driven assessments to enhance candidate evaluation and improve hiring outcomes. This platform addresses critical challenges in the hiring process, such as bias reduction, candidate experience, and improved hiring speed, ultimately helping organizations identify the best talent for their needs.

Modern Hire primarily serves enterprises across various sectors, including technology, healthcare, and finance, with a client base that features Fortune 500 companies and other large organizations seeking to optimize their talent acquisition strategies. The company markets its solutions across North America and Europe, expanding its reach to diverse industries aiming to leverage innovative hiring practices. Modern Hire generates revenue through a subscription-based model, wherein clients pay for access to its platform and associated services. These transactions typically involve annual or multi-year agreements, allowing organizations to utilize the full suite of assessment tools, including video interviews and customized evaluations.

The pricing structure is tiered based on the scale of usage and the specific features selected by each client, catering to both large enterprises and smaller organizations. Flagship offerings such as the AI-driven interviews and assessments are central to their revenue model, providing clients with advanced capabilities to enhance their hiring decisions. The firm's transactional arrangements are primarily B2B, focusing on direct partnerships with hiring organizations that seek to improve their recruitment processes. Following its acquisition on May 3, 2023, Modern Hire, Inc.

intends to leverage new opportunities for rapid expansion of its recruitment solutions. The acquisition by HireVue, Inc. is expected to enhance the company’s capabilities in providing innovative hiring solutions powered by ethical artificial intelligence (AI). Modern Hire is likely to focus on developing new product offerings to meet evolving market demands and expand its market reach, particularly targeting growth in North America and Europe.