HOUSTON, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Recruiter.com Group, Inc. (OTCQB: RCRT), a leading AI-powered hiring platform with the world's largest network of recruiters, announced today the launch of its new on-demand video screening platform. This important milestone comes after the Company recently surpassed 27,000 recruiters in its network.

Sign up for Recruiter.com's Video Screening Platform: https://start.recruiter.com/video-screening

"Demand for video tools is skyrocketing, with companies of all sizes clamoring to conduct business virtually. However, current video conferencing tools do not lend themselves to the hiring or screening process," says Evan Sohn, CEO, and chairman of Recruiter.com.

"Our new video screening platform is yet another example of how Recruiter.com is disrupting the $148 billion market for staffing and recruiting," continued Sohn. "We're excited to introduce a self-service SaaS hiring platform to the market that offers rapid recording, and scalable management of candidate video resumes. As businesses have turned to Zoom and Skype to substitute for in-person meetings, our new on-demand video platform serves as an ideal replacement for phone screens and first-round interviews."

Employers usually interview up to 14-26 candidates for each rolei, resulting in significant work for hiring managers; therefore, it is critical to interview adequately screened and qualified candidates. However, a recent study found that just including a phone screen in the hiring process can add 6.8-8.2 days on average to overall hiring timesii. To hire and rehire millions of people, recruiters and employers need a faster way to screen candidate applications.

Recruiter.com's new video screening solution allows recruiters, hiring managers, and employers to rapidly screen, vet, and connect with qualified candidates using video. Employers access the new video screening platform through a SaaS subscription, while candidates access through any device, including mobile.

Benefits of the video screening platform include:

  • No setup cost & low monthly fee that scales up and down in line with hiring needs
  • Screen candidates without the hassle of scheduling telephone calls
  • Reduce screening time by scrolling through qualified candidate videos
  • Move candidates through the hiring process with a drag-and-drop video interface
  • Connect with candidates no matter where they are in the world
  • Get a better understanding of candidate personality, soft skills, and culture fit
  • Scale to hundreds or thousands of candidate videos
  • (Coming soon) Integration with Zoom and other video conferencing solutions to seamlessly transition from screening to live video interviewing

This need to hire mass amounts of people, coupled with a growing appetite for video and virtual collaboration technologies, creates a clear opportunity for Recruiter.com's new video screening product. Using video screening, coupled with Recruiter.com's existing AI-powered candidate-matching technology, recruiters and hiring managers can better assess candidates' personalities and gain the insights they need to make more data-driven hiring decisions. Additionally, video screening offers a safe, convenient, and effective way to engage candidates in the era of widespread remote work.

Recruiter.com Group, Inc.

Recruiter.com is a hiring platform for the world's largest network of small and independent recruiters. We empower businesses to recruit specialized talent faster with virtual teams of recruiters, AI job-matching, and video technology. Visit https://www.recruiter.com.

For investor information, visit https://www.recruiter.com/investors.html.
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Company Contact:
Recruiter.com Group, Inc.
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 may contain 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, 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.

                                                     

i Interviews per hire benchmarks from Workable

ii Glassdoor Economic Research, “Why Is Hiring Taking Longer? New Insights from Glassdoor Data,” by Dr. Andrew Chamberlain

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