Recruiter.com Group, Inc. - RCRT STOCK NEWS

Recruiter.com Group, Inc. has launched Recruit Me, a campaign focused on a video-first hiring approach. This initiative aims to reduce hiring costs significantly, with businesses spending approximately $4,000 per candidate, leading to a potential $276B annual cost across the U.S. The campaign seeks to enhance the hiring experience by integrating more humanized practices through video, allowing candidates to showcase their skills beyond traditional resumes. Recruiter.com plans to sponsor 100,000 Recruit Me videos to support job seekers in this process.

Recruiter.com Group, Inc. (OTCQB: RCRT) has launched Scouted by Recruiter.com, an AI-enabled candidate curation tool aimed at enhancing recruitment efficiency. This innovative product is designed to help hiring managers reduce costs and improve return on investment in the competitive hiring landscape, where companies spend over $4,000 per hire. Scouted curates high-potential candidates leveraging automation and video profiles, streamlining the hiring process. With a focus on diversity, the platform highlights talent from underrepresented backgrounds, providing hiring teams with quality candidate pipelines weekly.

Recruiter.com Group announced a new partnership with Fundomate to offer automated business funding solutions to its network of over 27,500 small and independent recruiters. This collaboration will provide access to affordable, pre-approved working capital based on business history, aiding small firms in managing expenses. The partnership addresses the challenges faced by recruiters in accessing capital, particularly due to limitations of the Payroll Protection Program. Recruiter.com enhances its marketplace with services like low-cost healthcare and marketing tools.

Recruiter.com Group, Inc. (OTCQB: RCRT) partners with North 6th Agency to elevate its AI-enabled hiring platform, aiming to cut the average employee hiring cost of over $4,000 and improve efficiency in the recruiting process. With 5.5 million hires in December 2020 and a turnover rate of 22-27%, the demand for innovative hiring solutions is critical. This collaboration seeks to leverage video and AI technologies to streamline recruiting, potentially saving billions for US businesses. The national campaign emphasizes the transformation in hiring practices.

Recruiter.com Group, Inc. (OTCQB: RCRT) announced a new partner program for its video hiring platform, aiming to streamline recruiting for over 27,000 small recruiters. The platform could save U.S. businesses over $90 billion annually in hiring costs by reducing time spent on the hiring process by 33%. The launch follows the acquisition of Scouted.io, enhancing candidate sourcing capabilities with AI.

Recruiter.com Group, Inc. (OTCQB: RCRT) showcased its vision on the impact of video technology in the recruiting process in a recent presentation. The average cost per hire in the U.S. exceeds $4,000, affecting a job market with 34 million potential hires at any time. CEO Evan Sohn emphasized that video could revolutionize recruiting, akin to its transformation of dating sites. By leveraging AI and a vast network of recruiters, the company aims to enhance hiring efficiency, potentially saving billions for the U.S. economy.

Recruiter.com Group, Inc. (OTCQB: RCRT) announced that its Chairman and CEO, Evan Sohn, will present the results of the Recruiter Index® for January 2021 live on CNBC on February 4. The Recruiter Index®, based on a survey of over 27,500 independent recruiters, effectively forecasts Labor Department jobs reports. Sohn expressed excitement about sharing insights indicating growth potential across various business areas. Recruiter.com aims to disrupt the $120 billion recruiting industry with its unique AI and video hiring platform.

Recruiter.com (OTCQB:RCRT) released its January 2021 Shareholder Letter, detailing significant accomplishments in 2020 and ambitious plans to reach a $40M revenue run-rate. Highlights include a 50.9% year-over-year revenue growth through Q3'20 and a gross profit increase of 43%. The company launched new initiatives like Recruiter.com On Demand and a video-hiring platform, emphasizing its commitment to innovation and job placement. CEO Evan Sohn stated their goal of achieving cash flow profitability and potentially up-listing to a national exchange in 2021.

Recruiter.com Group (OTC PINK:RCRT) will present at the virtual Fall Investor Summit from November 16-18, 2020. This event features 75 companies and over 300 investors, connecting smallcap and microcap companies with potential investors. Recruiter.com utilizes an AI platform and a vast network of recruiters to help businesses recruit talent swiftly. The Summit is an independent conference aimed at enhancing investor-company relations.