Exciting news from Europe: Greenhouse was named a Core Leader in Fosway’s 2024 9-Grid™ for Talent Acquisition (TA), maintaining our position in the top of the Core Leader quadrant. The report is evidence that the talent acquisition market in Europe remains resilient, despite tight labour markets and economic uncertainty.

What is the Fosway 9-Grid™? This five-dimensional model compares organisations based on their Performance, Potential, Market Presence, Total Cost of Ownership and Future Trajectories across the market. Unlike other analyst models, Fosway 9-Grid™ research is primarily focused on talent acquisition solutions that are relevant to enterprise-scale organisations with a large European presence.

This is the fourth consecutive year Greenhouse was recognised as a leader in this report. Fosway defines Core Leaders as companies with an excellent track record of enterprise win rates, customer delivery and advocacy. We were named a talent acquisition industry leader for our large enterprise customer base in Europe, strong performance in the market and commitment to product advancements.

“The talent acquisition market has been facing challenges from a tight labour market in many countries, yet stands tall and is showing signs of a positive reversal imminently,” said David Wilson, CEO, Fosway Group. “We’ve seen Greenhouse continue to deepen its foothold and presence in the EMEA market, especially as it keeps bringing innovative features – from AI to reporting and more – to market.”

A few highlights from the report

The report identifies a few key talent acquisition market and solution trends. Here’s how they align with our products and point of view – and how you can use Greenhouse to ensure you’re remaining competitive and ready for the future.

AI adoption is on the rise

Despite concerns about ethics and security, the report finds that large companies are actively investing in AI solutions. This trend reflects growth in AI capabilities with advances in the technology, making it more powerful and versatile, opening up new opportunities for businesses. Here at Greenhouse, Sourcing Automation AI functionality and CV anonymisation are a few ways we’re harnessing AI to help TA professionals work smarter, not harder. Learn more about our approach to integrating AI in our hiring software here.

The recognition of Greenhouse as a Core Leader in the Fosway 9-Grid underscores our commitment to providing innovative solutions. Our hiring platform empowers organisations to leverage skills-based hiring, improve candidate experience and build high-performing teams that are future-proofed for success.

– Jon Stross, President and Co-founder of Greenhouse

Candidate experience, predictive analytics and DE&I are differentiators among TA vendors

The report calls out several trends among leading TA vendors, including candidate experience platforms, predictive analytics and diversity, equity and inclusion (DE&I) tools.

At Greenhouse, we believe structured hiring is the first step towards creating a positive candidate experience since it ensures consistent and equitable treatment of all candidates and much more efficient decision-making. We’ve also recently launched texting, powered by Grayscale, to deliver a high-touch candidate engagement experience.

The report notes that solutions that incorporate predictive analytics are becoming more prevalent. Greenhouse launched the machine-learning-powered offer forecast to help hiring teams more accurately predict the offer acceptance date and new hire start date, which builds trust and facilitates budgeting and planning.

With a growing focus on DE&I, there’s an increased demand for solutions that support diversity initiatives in recruitment. The Greenhouse DE&I feature set and CV anonymiSation mitigate conscious and unconscious biases in hiring decisions while candidate name pronunciation and the ability to select personal pronouns create a positive and inclusive candidate experience from the outset.

The Fosway 9-Grid™ is the definitive assessment of talent acquisition and human capital management systems in Europe and Fosway is the leading third-party research firm in the region. We’re humbled and honoured by this recognition.

Want to explore more of the key talent acquisition market and solution trends for 2024? Get the 2024 Fosway 9-Grid™ here.