Recruiter.com Launches Recruit Me Campaign to Progress Digital Hiring Transformation

Rhea-AI Summary

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.

Positive

• Launch of Recruit Me campaign highlights a modern video-first hiring approach.
• Potentially saves companies over $1,000 per hire and reduces candidate assessment time by up to 33%.
• Opens talent pool with sponsorship of 100,000 videos for job seekers, improving accessibility.

Negative

• None.

Movement aims to spotlight human-first approach for job seekers and cost-effective opportunity for U.S. businesses

HOUSTON, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Recruiter.com Group, Inc. (OTCQB: RCRT), an on-demand hiring platform powered by over 28,000 recruiters and AI and video hiring technology, today announced the launch of Recruit Me, a campaign dedicated to highlighting a video-first approach to hiring. The campaign comes as the Great Rehiring of America begins following a year of record job loss-- and as traditionally, billions of unnecessary dollars are spent on hiring. Recruit Me is creating a much-needed shift in the hiring process for both employers and candidates by dramatically reducing hiring costs, improving the overall experience, and aligning candidate and company culture.

The future of work is changing every day, and with that, so does the way organizations spend on recruiting. As the job market began to gain speed in December 2020, businesses were spending on average $4,000 per candidate to hire. With nearly 5.5M U.S. workers hired in December alone, this translates into almost $23B and an annualized cost of $276B for U.S. companies. In addition to added costs and with the emergence of an increasingly remote workforce, the necessity for more humanized practices across video platforms is at the core of this next evolution in hiring. Recruiter.com's Recruit Me campaign is mirroring this change by introducing a simple video-solution to job seekers and employers to provide greater access and storytelling to hiring, applying video earlier in the vetting process, and disrupting the traditional resume to give a voice to the words on paper.

"Of all of the lessons that were learned last year, a lasting one is that we should lean on the need to connect virtually to rebuild the job market in a way that's better than before," said Evan Sohn, CEO of Recruiter.com. "Our mission with Recruit Me is to be the change we want to see in our new remote world. We are in the midst of an epochal technological revolution, and there's no reason why hiring should not be at that forefront given its direct, positive impact on our economy and companies' bottom lines."

The Recruit Me campaign is committed to building a talent ecosystem that unlocks human potential through a candidate-first digital interaction. To recognize the importance of this paradigm shift, Recruiter.com is opening its talent pool to sponsor 100,000 Recruit Me videos for job seekers. Candidates interested in showcasing their passions and expertise and who want to show more than their resume can submit their Recruit Me video directly on the website: https://start.recruiter.com/recruit-me. The company encourages candidates of all backgrounds and skillsets to participate.

Now at the precipice of the digital transformation of the hiring industry, Recruiter.com is calling on employers to lean on video as they rehire in 2021 and beyond and prioritize non-traditional indicators of candidate success. Companies who commit to the Recruit Me campaign will have access to the following incentives and benefits:

• Up to a 33 percent reduction in time spent assessing candidates, lowering hiring costs overall
• Recruiter.com's pool of video resume candidates and option to add additional videos to their talent pool by sponsoring supplementary video resumes at a fee
• Streamlined candidate search; identifying a culture add more quickly in the hiring process and making it a greater priority
• Ability to go past AI keyword scrubs and learn more about the candidate and what they have to offer beyond their GPA and Education
• Global impact and reach as remote work has expanded the talent pool globally, "meet" talent globally prior to beginning interviews
  

Sohn continued, "People are ready to get back to work, and we are uniquely positioned to help employers kickstart that process. Not only can $1,000+ in savings per hire have a profound impact on the US economy, but what we're learning is that this deeply human, yet profoundly technology-first approach to hiring is positioning itself as the way forward amid this great rehire."

For more information about Recruit Me and to get involved, please visit https://start.recruiter.com/recruit-me.

About Recruiter.com Group, Inc.
Recruiter.com is disrupting the $120 billion recruiting and staffing industry by combining an AI and Video hiring platform with the world's largest network of over 27,500 small and independent recruiters. Businesses of all sizes recruit talent faster using the Recruiter.com platform, which is powered by virtual teams of Recruiters On Demand and Video and AI job-matching technology. Visit https://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
Recruiter.com Group, Inc.
Phone: (855) 931-1500

Media Contact:
North 6th Agency
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. The words "forecasts," "forecasting," "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, 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 the <em>Recruit Me</em> campaign by Recruiter.com Group, Inc. (RCRT)?

Recruit Me is a campaign aimed at promoting a video-first approach to hiring, designed to improve the hiring experience and reduce costs.

How much can companies save per hire with the <em>Recruit Me</em> campaign?

Companies can potentially save over $1,000 per hire by utilizing the Recruit Me campaign's video-first approach.

What is the expected impact of the <em>Recruit Me</em> campaign on hiring costs?

The campaign aims to reduce hiring costs overall and cut down time spent assessing candidates by up to 33%.

How many videos is Recruiter.com sponsoring for job seekers?

Recruiter.com is sponsoring 100,000 Recruit Me videos for job seekers to showcase their skills.

What financial implications does the <em>Recruit Me</em> campaign have for U.S. businesses?

The campaign addresses the annual $276B spent by U.S. businesses on hiring, potentially offering significant cost savings.