Recruiter.com Group, Inc. (OTCQB:RCRT) has announced the launch of its 'First Job' Initiative to deliver curated pipelines of qualified first-time job seekers to employers across the US.
"First-time job seekers are facing a higher unemployment rate than established professionals. At the same time, companies hiring career-oriented hourly wage workers are struggling to fill roles," said Evan Sohn, Recruiter.com's chairman and CEO in a statement. "Our First Jobs Initiative is an opportunity to solve both problems at once. Our goal, however audacious, is to connect these candidates with the companies looking to hire."
The company said employers looking to draw from this pipeline of talent can visit https://www.recruiter.com/employers.html.
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As companies look to staff back up amid the nationwide easing of pandemic restrictions, Recruiter.com said its 'First Jobs' Initiative can match employers with pre-vetted, motivated applicants who are eager to start their careers. Recent graduates from high schools and 2 and 4-year university programs are unemployed or underemployed at a higher rate than other demographics in the workforce.
Last week, BLS reported a record-high number of job openings. At the same time, 40% of recent college grads are underemployed, compared to 33% of all college grads; the unemployment rate for recent grads is 7.2 %, compared to 4.7% for all college grads. These unemployed and underemployed candidates comprise a robust talent pool that could help close the labor shortages plaguing so many companies in the wake of the coronavirus (COVID-19) pandemic, the company noted.
To help close this gap, Recruiter.com said it is working with Fortune 100 companies looking to hire early career applicants, and in turn, is providing candidates with excellent first job experience.
"With today's job seekers changing jobs slightly more often than their predecessors, the way we think about first jobs must change. For recent grads, a first job is a stepping-stone into the professional world," added Sohn. "Our First Jobs Initiative has the potential to help hundreds of job seekers start their professional lives with high-quality customer service, support, and sales roles at major US brands and companies. Likewise, Recruiter.com's expansive candidate pool can be a source of skilled job seekers at a time when employers need them most but can't seem to find them."
Recruiter.com's curated talent pipelines draw from a differentiated database of diverse candidates. Of all candidates, roughly 50% have less than five years of professional work experience, 27% are first-generation college graduates, and 49% identify as non-white.
"Our candidate pool represents more than 7,000 colleges and universities globally," said Jacqueline Loeb, SVP of Recruiter.com." Most importantly, our comprehensive video-enabled profiles allow employers to look beyond the resume and understand the nuances of how a candidate thinks and what motivates them. Candidates, too, have an avenue to present the full range of their soft and hard skills, which can otherwise be challenging for a recent grad with a limited resume. We allow candidates to get hired based on their potential in addition to their prior experience."
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.
Contact the author at jon.hopkins@proactiveinvestors.com