Recruiter.com Group, Inc. - RCRT STOCK NEWS

Recruiter.com Group, Inc. (RCRT, RCRTW) has published its 2022 recruiting predictions, responding to unprecedented job market conditions. The company anticipates a tight job market continuing into the first half of 2022 and emphasizes the importance of talent acquisition. Key predictions include the normalization of remote work, the shift to hire-from-anywhere, increased focus on work-life balance and diversity, and the growing importance of community in business. CEO Evan Sohn highlights the need for companies to invest in talent strategies to boost efficiency and productivity.

Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW) has signed a memorandum of understanding with Raise Recruiting, a leading technical recruitment firm, to enhance its focus on software solutions. This partnership is expected to generate a 10% increase in monthly software revenue. Recruiter.com will transfer specific staffing-related clients to Raise and provide support in the transition, while Raise will utilize Recruiter.com’s AI recruiting software. The transaction is anticipated to close by December 31, 2021.

Recruiter.com Group (NASDAQ:RCRT, RCRTW) partners with Revelio Labs to release a detailed market analysis titled Market Trends Analysis: Recruiting Recruiters. The report highlights the growing demand for recruiters, driven by significant employee turnover during the Great Resignation. It explores three key areas: the demand for recruiters at public companies, their backgrounds, and the time and salary associated with recruiting them. CEO Evan Sohn emphasizes the company's role in revolutionizing the recruiting sector, positioning Recruiter.com as a leader in meeting hiring needs efficiently.

Recruiter.com has formed a strategic partnership with Deel, a leading platform for global hiring and payroll solutions. This collaboration aims to enhance the hiring process for companies worldwide, facilitating compliance and payments across borders. Deel's platform, which raised $425 million at a $5.5 billion valuation, supports hiring in over 150 countries and offers benefits such as a 5% discount on subscriptions for Deel clients. This partnership will leverage AI technology for efficient candidate sourcing and onboarding.

Recruiter.com Group (NASDAQ:RCRT, RCRTW) has reported a 43% sequential revenue growth for Q3 2021, resulting in $6.3 million, and a remarkable 314% increase compared to Q3 2020. The company's focus on technology-led recruiting solutions propelled a 124% revenue growth year-to-date. Gross margins improved to 36.8%, up from 32.8% in Q2. With a strengthened balance sheet aided by an upsized public offering, Recruiter.com anticipates maintaining profitability without additional capital raises. CEO Evan Sohn emphasizes the company’s momentum as it heads into 2022.

Recruiter.com Group (NASDAQ:RCRT, RCRTW) announced a conference call on November 15, 2021, to discuss its third-quarter financial results for the period ending September 30, 2021. The results will be released at 4:00 p.m. ET, followed by a video call at 4:30 p.m. ET featuring key executives including CEO Evan Sohn. The presentation will provide operational and financial insights, with a live Q&A session. Investors can access the webcast for 90 days post-event on the company's investor relations page.

Recruiter.com announces that its CEO, Evan Sohn, will present at the Q4 Virtual Investor Summit on November 17 at 2:00 PM EST. The event, held on November 16-17, connects small-cap companies with over 500 investors. Sohn aims to highlight the company’s accomplishments and unique market opportunities amid a challenging job market. Recruiter.com specializes in delivering tailored recruiting solutions for businesses. Interested participants can register for the summit here.

Recruiter.com Group (NASDAQ:RCRT)(NASDAQ:RCRTW) has released its Recruiter Index results for October 2021, indicating a 3.5% increase in candidate sentiment for the second consecutive month. Compensation (30%) and remote work (27.2%) remain top priorities for candidates. The report highlights a shift with 53% of job openings being backfill roles, surpassing new roles. Additionally, there has been a decline in hybrid roles and an increase in applicant volumes (31.5%). The unemployment rate decreased to 4.6% in October, signaling continued labor market adjustments.