Recruiter.com Group, Inc. (OTCQB:RCRT) has unveiled a partnership with North 6th Agency (N6A), an outcome relations agency for emerging, midsize, and enterprise brands, to amplify efforts to bring video and AI technology to the forefront of the hiring market, reducing the time and cost associated with hiring employees in the US.
"Video hiring technology is the democratizing force the job market needs right now — and it could dramatically reduce the time and cost associated with hiring employees. The US economy could save billions, and millions of unemployed people could finally get back to work," Evan Sohn, CEO of Recruiter.com said in a statement.
"We needed a partner to help us tell this story of transformation, and after an exhaustive search, we selected North 6th Agency to represent us and our mission to the public media."
READ: Recruiter.com launches partner program for its video recruiting platform
North 6th Agency (N6A) is an outcome-driven public relations firm with a track record of driving revenue generation and billions of dollars in enterprise value for its clients. The firm has guided top global companies through NYSE and NASDAQ listings, major capital raises, and in capturing critical market share.
"We welcome the opportunity to partner with Recruiter.com, as together we help spread the word of the digital transformation that is taking place in the recruiting industry," said Daniela Mancinelli, CEO of N6A. "Together, Recruiter.com and N6A will launch a national campaign to promote a fundamental shift in the way we hire."
Recruiter.com noted that it costs, on average, more than $4,000 to hire an employee. In December 2020 alone, 5.5 million people were hired - with a net gain of 49,000 jobs - costing US businesses roughly $22 billion.
With approximately 155 million people employed in the US and annual voluntary turnover between 22%-27%, there are at least 34 million people to be hired at any given time. Before the onset of coronavirus (COVID-19), the average corporate job posting received 250 resumes. Altogether, companies are tasked with reviewing approximately 8.5 billion resumes for their open roles.
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, it delivers on-tap recruiting that flexes with hiring needs.
Contact the author at jon.hopkins@proactiveinvestors.com