Recruiter.com Launches New Job Platform for Recruiters

Rhea-AI Summary

Recruiter.com Group announced the launch of a new job platform aimed at recruiters and talent acquisition professionals. This initiative supports the growing demand for recruiting solutions, with 364,970 recruiter jobs advertised on LinkedIn worldwide, surpassing pre-pandemic levels. The US recruiting market is valued at $136 billion, with job postings significantly exceeding the number of recruiters available. Recruiter.com aims to leverage its technology to capitalize on this demand, offering subscription-based products and AI-powered solutions to expand its market presence.

Positive

• Launch of a new job platform to meet increasing recruiter demand.
• Recruiter.com reported an 88% sequential quarterly growth in its on-demand recruiting segment.
• The US recruiting market is valued at $136 billion with a significant shortage of available recruiters.

Negative

• None.

Creating the go-to resource for recruiting jobs amidst surging demand

NEW YORK, NY / ACCESSWIRE / September 28, 2021 / Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) ("Recruiter.com"), a leading provider of recruiting solutions, today announced the launch of a new job platform for recruiters and talent acquisition professionals, to support the rapid growth of the Company's on-demand recruiting solutions and capitalize on exceptional market opportunities.

"Recent LinkedIn data showed soaring demand for recruiters, with 364,970 recruiter jobs advertised on LinkedIn worldwide, postings surpassing pre-pandemic levels, and recruiter jobs growing faster than the job market overall," said Evan Sohn, CEO of Recruiter.com. "Data from Indeed also points to how eager employers are to hire people who help hire others, with HR job postings 67% above baseline."

"Recruiting and staffing has a US market size of $136 billion and there are approximately 227,000 recruiters employed in the US. With the number of open jobs posted for recruiters surpassing even the total number of recruiters employed, this points to market expansion, which Recruiter.com, as a top brand in the space, should benefit from. While our on-demand recruiting segment already showed 88% sequential quarterly growth, we see an opportunity to accelerate traction and increase margins, by offering subscription-based products using our no-touch job platform technology and AI-powered Amplify solution."

The surge in demand for recruiters appears to extend across the globe. A recent research report found in June 2021, there were nine times more recruiter jobs posted in the UK than in June 2020, and in Italy and Spain, there were eight times more recruiter jobs.

"Recruiters and talent acquisition professionals play an incredibly important role in getting people placed in jobs and keeping the global economy growing," said Miles Jennings, Founder and COO of Recruiter.com. "Seeing strong growth in demand for recruiters is a very positive sign for everyone in the job market and for our country overall. We're excited for the opportunity to grow our on-demand recruiting solution even faster with our proprietary job platform technology. We aim for Recruiter.com to be the go-to resource for recruiting jobs and on-demand opportunities and a market leader in providing flexible, on-demand recruiting for employers of all sizes."

Recruiter.com makes it easy for employers of all sizes to extend their own in-house hiring team with a network of experienced on-demand recruiters. Employers can choose their preferred recruiters, or team of recruiters, to assist with any part of their recruiting efforts and flexibly scale up or down with their hiring demands.

Employers, learn about Recruiter.com's recruiting solutions: https://www.recruiter.com/employers.html

About 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 https://www.recruiter.com.

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

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.
info@recruiter.com

Investor Relations:

Dave Gentry
RedChip Companies, Inc.
Phone: (407) 491-4498
dave@redchip.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. 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 accuracy of the Recruiter Index® survey, 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, 2020. 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 publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

SOURCE: Recruiter.com Group, Inc.

View source version on accesswire.com:
https://www.accesswire.com/665885/Recruitercom-Launches-New-Job-Platform-for-Recruiters

FAQ

What is the purpose of Recruiter.com's new job platform?

The new job platform aims to support recruiters and talent acquisition professionals and address the increasing demand for recruiting solutions.

What growth has Recruiter.com experienced in its on-demand recruiting segment?

Recruiter.com reported an 88% sequential quarterly growth in its on-demand recruiting segment.

How many recruiter jobs are currently advertised according to LinkedIn?

As of the press release, there are 364,970 recruiter jobs advertised on LinkedIn worldwide.

What is the market size of the recruiting industry in the US?

The US recruiting industry has a market size of $136 billion.

How does Recruiter.com plan to benefit from market expansion?

Recruiter.com plans to capitalize on market expansion by offering subscription-based products using its job platform technology and AI-powered solutions.