Recruiter.com Group, Inc. (RCRT) stands at $2.42 in the aftermarket following the update of operational and financial highlights. However, the last trading session concluded at $2.42 with a decrease of 8.33%.
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Operational & Financial Updates – What’s going on?
RCRT announced preliminary operational and financial updates on 18th January 2022. The company reported total revenue of about $8.8 million, with a 40% increase from the third quarter. Not only this but the software subscriptions were $750K, 61% more than that of the previous quarter’s revenue.
Recruiter jobs have grown at a faster rate than other public company jobs, increasing by more than 120 percent since 2008. Moreover, Deel, a platform that facilitates global compliance and payments for multinational teams and recently raised $425 million at a valuation of $5.5 billion, has announced a collaboration. This will allow the businesses to recruit contractors and workers abroad.
Furthermore, remote or hybrid work being the new normal, work-from-anywhere turning into hire-from-anywhere, a tight employment market, and diversity remaining an emphasis are among the recruitment predictions for 2022. Last but not the least, an Enterprise plan has also been announced. As the need for recruitment and talent acquisition experts grows, the “Enterprise Plan” is designed to assist organizations in hiring 10 or more full-time recruiters.
Results of Recruiter Index – Recent News
On 10th January 2022, RCRT announced the results of the Recruiter Index. Following a fall in November, applicant and recruiter morale improved in December. This month, over 37% of recruiters reported an increase in application volume, 60% more than that of November. The number of remote jobs climbed by 29% in December, exceeding hybrid jobs for the first time.
This might be due to the introduction of new versions and the end of seasonal recruiting. Moreover, candidates’ preferences are shifting as well, with a 39 percent rise in workers prioritizing remote work according to the indicator. Lastly, candidates continue to value work-life balance (21 percent) and new experiences (13 percent), but salary becomes less of a motivator.
