Recruiter.com Group is building one of the world's largest hiring platforms

Aggregates small and independent recruiters under a common platform and provides them with access to more clients and technology Diverse network of more than 28,000 recruiters helps organizations reduce recruiting costs and shorten recruiting cycles with access to on-demand recruiting and AI and video technology Acquisition of OneWire will add to member network and immediately expand the reach of OneWire's SaaS platform for financial industry hiring What Recruiter.com does: Recruiter.com Group Inc (OTCQB:RCRT) is helping to streamline the hiring process for employers and job seekers alike. The company’s diverse network of more than 27,000 recruiters helps organizations reduce recruiting costs and shorten recruiting cycles with access to on-demand recruiting and AI and video technology. Essentially, Recruiter.com aggregates smaller hiring firms and independent recruiters under a common platform and provides them with access to more clients and technology. Clients include big names like Ford Motor Company, Disney, Schlumberger and other major enterprises. The company was voted “Top Tech Company to Watch” by the CT Tech Council, cited as one of the “Top 35 Most Influential Career Sites” by Forbes, and listed by Inc. as one of the “9 Best Websites for Finding Top Talent.” Recruiter.com provides companies small and large with access to on-demand teams of virtual recruiters armed with AI-powered candidate sourcing tools. Clients can engage recruiters on an hourly basis through Recruiter.com On Demand, or they can post jobs to Recruiter.com and pay a success-based fee. The Houston-based company is rising to meet the challenge that the coronavirus pandemic has had on traditional hiring practices. As businesses turn to platforms like Zoom and Skype to substitute for in-person meetings and live interviews, the firm has introduced new platforms like video resumes to help connect qualified candidates with hiring managers earlier in the process. Led by CEO Evan Sohn and COO Miles Jennings, the $14 million company has a tight share structure with only 5.5 million shares outstanding. Sohn and co. are leading the company in 2021 with expanded capabilities to fuel its share of the $120 billion recruitment industry. How it is doing: Recruiter.com recently reported 2020 full-year revenue of $8.5 million with an annual run rate of more than $10 million. That represented growth of 41%. Adjusted EBITDA was a loss of $2.84 million, compared to a loss of $2.38 million in 2019. During the fourth quarter, Recruiter.com said it surpassed 27,750 recruiters on its Job Market platform. It also launched a new software as a service (SaaS) video solution to enable recruiters, hiring managers and employers to rapidly screen, vet and connect with qualified candidates over video.  So far in 2021, the company has endeavored to spearhead a shift toward video resumes. In February, Recruiter.com debuted Recruit Me, a campaign dedicated to a video-first approach to hiring. As a signal of the importance of this shift in hiring, Recruiter.com opened its talent pool to sponsor 100,000 Recruit Me videos for job seekers. Recruit Me is designed to help employers by reducing hiring costs, improving the overall experience and aligning candidates with company culture, the company said. The average cost to hire an employee is just over $4,000, according to the Society for Human Resource Management, and takes roughly 42 days, the company said. With nearly 5.5 million US workers hired in December alone, that translates into almost $23 billion and an annualized cost of $276 billion for US businesses. Also to that end, the company launched a specialized candidate curation platform called Scouted in February, which is intended to leverage the power of artificial intelligence and talent experts to help hiring managers recruit top talent faster.  Recruiter.com also recently acquired OneWire, a subscription-based talent-marching platform for the financial, banking and accounting sectors that the company believes is a key catalyst for growth. Inflection points: Recruit Me campaign's influence on video resumes as a hiring tool Growth of its on-demand virtual training program into a substantial revenue stream in 2021 Build-out of video screening technology amidst pandemic and work-from-home conditions What the boss says: “Our corporate mission aligns with our nation's mission at this historic moment,” Sohn wrote in a January letter to shareholders. “As the country seeks to rebuild in the aftermath of the pandemic, we will drive the effort to re-hire millions of people and provide new economic opportunities for the next generation.” When the company put out its most recent quarterly results, Sohn laid out a vision of the future. “Our dynamic business model, matched with our technological prowess, has made recruiting faster and easier than ever," he said. "We are on track to realize our vision of becoming one of the leading on-demand professional recruiting solutions, well-positioned to provide an essential service to both Fortune 500 companies and small and medium-sized businesses, as well as to independent recruiting agencies, as the ‘Great Rehire’ continues." Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com Follow him on Twitter @andrew_kessel