Recruiting software solution addresses potential $700+ million market opportunity
NEW YORK, NY / ACCESSWIRE / August 11, 2021 / Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW), an on-demand recruiting solutions platform, offers software subscriptions for sourcing unique, high-demand talent for employers of all sizes. Now offering unique capabilities to support diversity hiring initiatives, Recruiter.com's AI Sourcing platform helps HR departments and hiring managers hire diverse teams from underrepresented groups.
"Most companies want to run strong diversity programs but do not have the tools or process to execute efficiently," said Evan Sohn, CEO of Recruiter.com. "Recruiter.com offers a data-driven approach to diversity sourcing that allows for rapid identification and engagement. We are excited to offer a compelling technological solution to address this rapidly expanding business need."
A fast-growing segment of the $120 billion recruiting industry, the global diversity recruiting software market is projected to reach $709.5 million by 2027, growing at a CAGR of 9.4% from 2020 to 2027, according to Research and Markets' Diversity Recruiting Software Market Forecast.
"As the workforce continues to grow more diverse, companies have dedicated resources and personnel toward meaningful diversity, equity, and inclusion ("DEI") initiatives," said Josh McBride, SVP AI Platforms. "However, there are real challenges to accomplishing DEI goals. As HR Research Institute's study ‘The Future of Diversity, Equity and Inclusion 2021' shows, most organizations have relatively immature DEI initiatives, and just 21% of organizations strongly agree that their workforces reflect marketplace demographics. Our solution leverages what we believe is a very comprehensive data set and sophisticated matching technology to help our clients achieve their diversity initiatives and access uniquely qualified talent."
Recruiter.com provides technological recruiting solutions to a broad array of clients in sectors including technology, manufacturing, finance, ad tech, pharmaceutical, media and application-based startups. The following diversity recruiting capabilities specifically support DEI initiatives:
- Run sophisticated, AI-driven searches to generate a rich set of candidates for any given role.
- View easy, automated profile notations when diverse candidates are identified.
- Use selection criteria to spotlight diverse candidates by gender, ethnicity, or military background.
As more corporations prioritize diverse teams and sourcing from underrepresented groups, Recruiter.com's AI Platform can help drive success in a highly competitive talent market. Learn more about how Recruiter.com can help drive effective, technological solutions for your diversity recruitment initiatives. Visit https://www.Recruiter.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 https://www.recruiter.com.
For investor information, visit https://investors.recruiter.com.
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Company Contact:
Evan Sohn
CEO
Recruiter.com Group, Inc.
info@recruiter.com
Phone: (855) 931-1500
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.
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