Recruiter.com Amplifies Campaign to Deliver the Future of Hiring with Video

Rhea-AI Summary

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.

Positive

• Partnership with North 6th Agency to enhance marketing and outreach.
• Aim to significantly reduce hiring costs and time using AI and video technology.
• Potential to save billions for US companies in hiring costs.

Negative

• None.

Recruiter.com's video platform can dramatically lower the $200 billion a year spent by US businesses to hire employees, hires public relations firm North 6th Agency to tell the story

HOUSTON, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Recruiter.com Group, Inc. (OTCQB: RCRT), an AI-enabled hiring platform with the world's largest network of recruiters, is today announcing its partnership with North 6th Agency (N6A), an outcome relations agency for emerging, midsize, and enterprise brands, to amplify efforts to bring video and AI technology to the forefront of the hiring market, reducing the time and cost associated with hiring employees in the US.

It costs, on average, more than $4,000 to hire an employee. In December alone, 5.5 million people were hired (with a net gain of 49,000 jobs), costing US businesses roughly $22 billion. With approximately 155 million people employed in the US and annual voluntary turnover between 22-27 percent, there are at least 34 million people to be hired at any given time. Before the onset of COVID-19, the average corporate job posting received 250 resumes. Altogether, companies are tasked with reviewing approximately 8.5 billion resumes for their open roles.

"Video hiring technology is the democratizing force the job market needs right now — and it could dramatically reduce the time and cost associated with hiring employees. The US economy could save billions, and millions of unemployed people could finally get back to work," said Evan Sohn, CEO of Recruiter.com. "We needed a partner to help us tell this story of transformation, and after an exhaustive search, we selected North 6th Agency to represent us and our mission to the public media."

North 6th Agency (N6A) is an outcome-driven public relations firm with a track record of driving revenue generation and billions of dollars in enterprise value for its clients. The firm has guided top global companies through NYSE and NASDAQ listings, major capital raises, and in capturing critical market share.

"We welcome the opportunity to partner with Recruiter.com, as together we help spread the word of the digital transformation that is taking place in the recruiting industry," said Daniela Mancinelli, CEO of N6A. "Together, Recruiter.com and N6A will launch a national campaign to promote a fundamental shift in the way we hire."

For more information or to learn more about Recruiter.com, please email recruiter@n6a.com.

Recruiter.com Group, Inc.

Recruiter.com is an online hiring platform delivering on-demand recruiting technology and services to both large and small businesses. With AI and video technology, and the world's largest network of recruiters, Recruiter.com delivers on-tap recruiting that flexes with hiring needs. To learn more, visit http://www.recruiter.com.

For investor information, visit https://www.recruiter.com/investors.html.

Please follow social media channels for additional updates:

LinkedIn Recruiter Network Group: https://www.linkedin.com/groups/42370/
LinkedIn Company Page: https://www.linkedin.com/company/1240434
Twitter Company Page: https://twitter.com/recruiterdotcom
Facebook Company Page: https://www.facebook.com/RecruiterDotCom

Company Contact:

Evan Sohn, CEO

Recruiter.com Group, Inc.

Phone: (855) 931-1500

Public Relations:

North Sixth Agency

Phone: (555) 123-4567

recruiter@n6a.com

Cautionary Note Regarding Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but is not limited to the demand for our services, revenue potential, and the economic re-opening. The words "forecasts" "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include continued demand for professional hiring, the impact of the COVID-19 pandemic on the job market and the economy as virus levels are again rising in many states, and the Risk Factors contained within our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2019. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statements publicly, whether as a result of new information, future developments, or otherwise, except as may be required by law.

FAQ

What is Recruiter.com Group, Inc.'s stock symbol?

Recruiter.com Group, Inc. is traded under the stock symbol RCRT.

What collaboration did Recruiter.com announce recently?

Recruiter.com announced a partnership with North 6th Agency to improve its hiring platform through video and AI technology.

How much does it cost to hire an employee in the US on average?

It costs, on average, more than $4,000 to hire an employee in the US.

What is the hiring trend mentioned in the press release for December?

In December 2020, approximately 5.5 million people were hired in the US.

What are the potential savings for businesses from Recruiter.com’s new initiative?

The initiative could potentially save billions for US businesses by streamlining the hiring process.