With a tight job market, employers can struggle to find qualified talent. Recruiter.com Group Inc. (RCRT:OTCQB) helps employers overcome this hurdle through a cloud-based technology platform for professional hiring that connects employers to its wide network of independent recruiters. The network is so extensive that the company reported in July that more than 10,000 recruiters have joined the platform, in specialties that include information technology, sales, engineering, healthcare and human resources.
Recruiter.com's platform brings together employers, recruiters and job seekers. Its LinkedIn group features more than 800,000 members, placing it in the top ten groups on LinkedIn out of millions of groups.
Recruiter.com already has many Fortune 500, mid-size and smaller companies as clients. By posting positions, employers gain access to the large network of recruiters at no cost to the company until a person is hired.
For independent recruiters, Recruiter.com offers access to hundreds of fee-based jobs. In addition, recruiters themselves can post hard-to-fill jobs and receive candidate submissions from the recruiter network.
Job seekers can post resumes, which are distributed to both recruiters and employers.
And anyone on the platform can refer people to job openings and receive a fee if the person is placed in a job, opening the field of recruiting to everyone.
Recruiter.com does all of this through its cutting edge technology. The firm has partnered with several companies to offer artificial intelligence (AI) tools. In May, the company inked an agreement with Genesys Talent to use its MatchList technology to "accelerate recruiting efforts and support its network of independent recruiters."
"Layering onto our existing platform this artificial intelligence and candidate sourcing technology will serve as a terrific asset in raising the caliber and effectiveness of our ongoing efforts to supply recruiters and employers with competitive services and products that deliver high-performance results," said Miles Jennings, CEO of Recruiter.com. "We look forward to integrating this strong addition into our repertoire and are confident it will assist us in our mission to create a thriving space of independent recruiters and clients."
That development was followed in June with an agreement with Pocket Recruiter, which has an AI-based tool that "drastically reduces the time it takes to screen, source and evaluate candidates." Making this technology available to the employers and recruiters on its platform increases the "efficacy of their candidate sourcing," by making it possible to evaluate massive amounts of data in seconds.
"We are confident that Pocket Recruiter will serve to optimize Recruiter.com's already robust collection of tools by sharing the latest in machine learning technology to help recruiters achieve a higher interview to placement ratio," stated Bel Martijena, CEO of Pocket Recruiter. "Our industry experts have worked extensively to develop a strategic, dynamic resource that would create an advantage for recruiters and clients navigating their way through the competitive hiring landscape."
Most recently, Recruiter.com has teamed up with Censia Inc., which operates a global talent intelligence platform with 500,000 of the world's professionals, using artificial intelligence (AI) to index and analyze the database.
"Recruiter.com is excited to allow our network of over 10,000 independent recruiters access to Censia's sophisticated sourcing engine," noted Jennings. "With over 500 million talent profiles in their database, Censia delivers game-changing insights from one of the largest pools of professional talent in the market. Our planned integration with Censia will bring a powerful new candidate sourcing feature to the Recruiter.com platform." Recruiter.com expects to launch the Censia platform in Q3/19.
"Recruiters and talent teams are always going to be the most important drivers of the talent acquisition process," said Censia CEO Joanna Riley. "Through technology, Censia replaces manual search by modeling ideal candidates and reducing time to discover top performers."
In addition to candidate matching, the Recruiter.com platform adds extra value by offering a SHRM-certified training program to the independent recruiters to hone their skills. It also provides access to a library of more than 10,000 recruiting articles.
Recruiter.com Group Inc. is a young company, formed by the merger of Truli Technologies with Recruiter.com. The new company began trading on the OTCQB on May 10 under the symbol RCRT.
An experienced team helms Recruiter.com. Chairman Evan Sohn has more than 20 years of experience in ecommerce at both Fortune 500 and start-up companies. CEO Miles Jennings brings more than 15 years of experience with internet and employment markets including Indeed.com and Adecco Group.
Recruiter.com has gained attention in the community. Forbes has named Recruiter.com as one of the "Top 35 Most Influential Career Sites," and Inc. calls it as one of the "9 Best Websites for Finding Top Talent." Ken Sundheim of Forbes writes "Recruiter.com helps you reach the right people as well as find a better job."
Alex Koyfman, writing in Penny Stock Millionaire, noted on July 12 that Recruiter.com Group's "$0.05 stock price gives it a total market capitalization of just over $7 million (USD). And yet this company owns the recruiter.com website, complete with the domain name—an asset that could potentially be worth more than the entire company's current valuation all by itself.
"Through the rapid growth and engagement of its network of recruiters, coupled with AI matching technologies, Recruiter.com will continue to build a highly unique and valuable platform for its employer clients," Koyfman added.
"This company is in its pre-profit stages, for sure, but with a network as strong and as rapidly evolving as it is, operating under an instantly iconic domain and brand, the long-term value potential here is grossly out of proportion to its current market capitalization," Koyfman concluded.
In May, technical analyst Clive Maund wrote, "What this company is all about is the modernization and streamlining of the recruitment process, transforming it from the old fashioned parochial hit and miss methods used up to now to a 'one stop shop' for a wide range of companies seeking skilled personal, and also, of course, for job applicants. What it is, is a platform for distributing the labor of recruiting highly skilled employees to a powerful network of highly skilled recruiters.
"The stock of this dynamic young company is believed to represent an exciting opportunity at this time. It is currently viewed as being extraordinarily cheap given the company's prospects," Maund stated.[NLINSERT]
1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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