Paradox Named to Its Fourth Consecutive Inc. 5000 List -- Ranked No. 1 Among HR Technology Companies

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Aug 21, 2024, 08:03 ET

SCOTTSDALE, Ariz., Aug. 21, 2024 /PRNewswire/ -- Paradox, the leader in Conversational AI for recruiting, revealed today that it was named to the prestigious Inc. 5000 list for the 4th consecutive year — achieving the honor with a 431% three-year growth rate. Paradox, which is helping organizations like McDonald's, 7-Eleven, Nestlé, and General Motors transform the hiring process by automating repetitive tasks, achieved the highest ranking of any HR tech company on this year's list.

Published annually by Inc. Magazine, the Inc. 5000 recognizes the fastest-growing private companies in the United States and celebrates their outstanding achievements in business development and innovation. Paradox debuted on the list in 2021 and was also recognized on the Deloitte Fast 500 list in 2022 and 2023.

"We're always honored to be recognized on this list, and it's a credit to the hard work our team puts in every day to serve our clients and our partners," said Paradox Chief Executive Officer Adam Godson. "Of course, none of this is possible without the trust our clients place in us. Their success is our success, and we're driven every day by the opportunity to partner with them solve real, meaningful problems."

Launched in 2016, Paradox's conversational software is powered by an AI assistant that acts as a concierge throughout the hiring process for candidates, recruiters, and hiring managers alike — automating time-consuming tasks like interview scheduling, feedback collection, and candidate communications. The goal, Godson says, is for the AI assistant to handle repetitive work, freeing up recruiters and managers to spend more time with people, not software.

That impact is clear in many of Paradox's client success stories. For example:

In March of last year, Paradox launched its Conversational ATS — the world's first applicant tracking system fully driven by conversational AI. Since that launch, clients like 7-Eleven have leveraged the product to save their store leaders over 40,000 hours every week and cut time-to-hire in half.
Paradox also recently announced its Workday Certified Badge for its scheduling automation integration with Workday Recruiting, and was also recognized as one of the first adopters of Workday's AI marketplace. The Josh Bersin Company published a case study illustrating the impact of Paradox's integration with Workday Recruiting — helping General Motors save more than $2 million in cost savings annually while cutting time to schedule from 5 days to just 29 minutes.
Josh Bersin also recently released a report showcasing how Compass Group has leveraged Paradox's conversational AI software to maintain a 1:8000 recruiter-to-hire ratio — with their team of 20 US recruiters handling over 160,000 annual hires.

"Paradox delivers an end-to-end recruitment platform that automates the entire process of candidate marketing, candidate experience, assessment, selection, interview scheduling, hiring, and onboarding," said leading industry analyst Josh Bersin. "Most people believe it's a 'chatbot' but in reality it's an AI-powered, end-to-end system that radically simplifies and speeds the recruitment process in a groundbreaking way."

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About Paradox

Launched in 2016, Paradox is building the world's leading conversational recruiting software to drive automation with a human touch. Serving global clients with hiring needs across high-volume hourly and high-skilled professional roles, Paradox's Conversational AI assistant Olivia does the work talent teams don't have time for — streamlining tasks like screening, interview scheduling, and more through simple, frictionless mobile, chat, and SMS driven interactions.

In less than seven years, the Scottsdale-based startup has earned the trust of the world's largest employers — including Unilever, McDonald's, CVS Health, and General Motors — and won numerous awards, including Human Resource Executive's Best HR Product of 2019, 2021, and 2022, and consecutive honors in 2020, 2021, and 2022 as one of Forbes Top Startup Employers. The company has been ranked one of the fastest growing companies in HR Tech by the Deloitte Fast 500, and has made the Inc. 5000 list four consecutive years. To learn more about Paradox's product, visit www.paradox.ai. To explore open opportunities on its team, visit careers.paradox.ai.

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