Recruiter.com launches specialized candidate curation platform called Scouted that can dramatically cut the US$200B annual cost on hiring

Recruiter.com Group Inc (OTCQB:RCRT) announced Thursday the launch of its new-to-market product Scouted by Recruiter.com — a highly specialized candidate curation tool that leverages the power of artificial intelligence and talent experts to help hiring managers recruit top talent faster. 

“Companies spend over $4,000 for each hire they make; Recruiter.com can help both reduce this up-front cost and deliver an increased return on investment,” said CEO Evan Sohn in a statement. 

“Our Scouted product reduces the time-to-hire with video and AI-enabled curation, which saves time and money for hiring managers. Our candidate pool focuses on a specific segment of very high-potential, analytical candidates, who significantly raise the talent density of an organization, helping to achieve a better return on human capital investment.”

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Through its latest product offering, which equips hiring managers with automation, standardized video profiles, and a wealth of data, Recruiter.com said it provides clients with the opportunity to more rapidly and more accurately tap into highly curated talent rosters comprised of high-potential, early-and-mid-career professionals.

Recruiter.com launched its video platform in the fourth quarter and its on-demand recruiting solution in the 2Q of last year. 

The addition of Scouted by Recruiter.com expands the variety and reach of products available to recruiters and hiring teams looking to amplify their internal efforts through video screening, on-demand hiring, and AI-powered candidate curation.

Scouted by Recruiter.com, the company said, provides diverse pipelines of high-quality talent on a weekly basis, saving hiring teams tens of hours in the applicant sourcing and screening stage, streamlining processes to ensure a shorter interview-to-hire timeline. The product couples the efficiency of AI-powered tech with human-forward recruiting expertise so that rosters only include applicants who meet a team’s hiring criteria.

Curated rosters are sourced from a database of hundreds of thousands of talented professionals, many of whom identify as first-generation college graduates, BIPOC (Black, Indigenous, and People of Color), and LGBTQ+. These professionals rely on a standardized virtual interview to go beyond their resumes, providing hiring teams with additional upfront data and information on the applicants.

“Companies need a precise quantity and mix of quality talent,” said Jacqueline Loeb, SVP of Recruiter.com. “That is what Scouted by Recruiter.com is all about – delivering high quality, curated talent pipelines so that hiring managers can focus their efforts on the highest probability candidates without wasting time reviewing unqualified applicants.”

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Story by ProactiveInvestors