September 6, 2024

Phenom pricing 2024

John Kim

Co-founder @ Paraform

In today's competitive recruitment market, businesses need technology that hacks talent acquisition, employee engagement, and workforce development.

Phenom, a leading Talent Experience Management (TXM) platform, offers a comprehensive, yet expensive, solution. Known for its AI-driven methods and holistic approach, Phenom has gained traction as a top choice for businesses that want to boost their hiring process.

In this blog, we’ll explore what Phenom offers and reveal its costs for 2024.

What is Phenom?

Phenom's Talent Experience Management (TXM) platform is designed to transform the way organizations manage their entire talent lifecycle. Unlike traditional ATSs, Phenom goes beyond recruitment to address all aspects of talent management.

The platform is built around four core experiences:

• Candidate Experience: Provides personalized career sites, AI-powered job recommendations, and engagement tools that enhance job-seeking.
• Recruiter Experience: Offers automation for screening, sourcing, and nurturing candidates, reducing time-to-hire.
• Employee Experience: Focuses on internal mobility, employee referrals, and career pathing to keep employees engaged and foster growth within the organization.
• Manager Experience: Delivers actionable insights into team performance, skill gaps, and employee development needs to assist in better decision-making.

Phenom uses AI and machine learning to automate and personalize talent interactions, making it easier for recruiters to find the right candidates and for employees to grow within the organization.

Phenom’s pricing model for 2024

One of the primary questions organizations ask before adopting a software solution is the cost, and Phenom’s pricing in 2024 reflects the company’s commitment to providing customizable, enterprise-level solutions.

However, Phenom does not publicly disclose fixed prices, as costs vary significantly depending on the organization’s specific needs.

So we’ve done the hard work and found out for you:

• Starting Price: Phenom’s pricing starts at approximately $10,000 per month. This base cost covers a general set of features, but the final price will depend on several variables.
• Pricing Model: Phenom uses a per-user pricing model, which means the cost increases based on the number of users (recruiters, employees, etc.) within your organization who will be accessing the platform. This can make it scalable for small to large organizations, but it’s important to account for the number of users when budgeting.
• Custom Quotes: Since Phenom is tailored to meet the specific needs of each organization, most companies will need to request a custom quote. The price you’re quoted will depend on factors such as the modules you need (recruitment, employee engagement, talent management), the size of your organization, and any integration or support services you require.

When should you invest in Phenom?

Phenom is an enterprise-level platform, so it’s most suitable for medium to large organizations looking for a comprehensive, AI-driven solution to manage their talent lifecycle.

Phenom’s strength lies in its ability to centralize and optimize processes across recruitment, employee engagement, and workforce development.

Here are a few situations where investing in Phenom might make sense:

• You’re struggling to attract or engage talent: Phenom’s AI-driven tools can help streamline the candidate journey, enhance employee engagement, and improve internal mobility.
• Your organization is growing rapidly: Scaling up recruitment and talent management can be challenging for growing companies, and Phenom’s automation tools can significantly reduce time-to-hire.
• You want to leverage data for talent insights: If you’re looking for more robust analytics to measure hiring success, employee performance, or career development, Phenom provides actionable insights that can help you make better strategic decisions.

Alternatives to Phenom

While Phenom offers a comprehensive TXM solution, it may not be the best fit for every organization. Depending on your specific needs and budget, you might want to consider alternatives:

1. Workday: A well-known HR suite that includes talent management, Workday offers robust functionality across recruitment, payroll, benefits, and more. It’s ideal for large enterprises seeking an all-in-one HR solution.
2. Greenhouse: A more focused applicant tracking system (ATS), Greenhouse is designed for recruitment teams that need robust features like interview scheduling, candidate pipelines, and collaboration tools.
3. Lever: Another strong ATS option, Lever combines applicant tracking with CRM capabilities, making it easier for companies to build and nurture relationships with candidates over time.

Conclusion: Is Phenom worth the investment?

For businesses seeking a holistic approach to talent management, Phenom provides an industry-leading platform that integrates AI, automation, and analytics into a single solution.

While the cost, starting at $10,000 per month, might be steep for smaller companies, larger organizations or those looking to transform their talent experience could find Phenom to be a game-changer.