From Benzinga's Global Small Cap Conference: Recruiter.com CEO Evan Sohn Says The Process For Finding A Job Has Become Much Easier, Giving Candidates More Companies To Look At In A Shorter Period Of Time

Photo by Clem Onojeghuo on Unsplash

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Recruiting is big business — one that has experienced little innovation in its basic model for years. The industry, led by the likes of Indeed 6098, owned by Recruit Holdings Co. Ltd., ZipRecuiter Inc. ZIP; Monster.com, owned by Randstad NV RAND; and LinkedIn, owned by Microsoft Corp. MSFT, pulled in a cool $120 billion last year. And that is largely because of the pandemic. The industry has grown steadily until reaching its zenith in 2019 when it was valued at $151.8 billion, according to Statista.com.

Evan Sohn, CEO of Recruiter.com RCRT, spoke at Benzinga’s Small-Cap Conference about how his company is attempting to disrupt the industry. Sohn began by introducing the company to those in attendance. “We are Recruiter.com … the world’s largest network of small and independent recruiters,” Sohn said. “We are a technology company providing a platform of on-demand recruiters and recruiting technology.” As a simple, perhaps tongue-in-cheek comparison, Sohn added, “You can think of us as Uber UBER for recruiters. One needs a recruiter to take them to a certain destination, and that’s what we provide.”

Sohn went on to describe the state of today’s job market and how Recruiter.com is designed to address the ways in which that market has changed. Sohn calls today’s market the “job-hopper economy.” He said he believes that recruiting and talent acquisition are harder than they’ve ever been.

The pandemic and people’s shifting attitudes surrounding work-from-home are some of the factors contributing to the difficulty in recruiting talent. Many people are resigning — in August, 4.3 million people quit their jobs. Sohn described this as the “great resignation.” This hides the true number of hirings going on when job numbers are released, because those are net — not gross — numbers, he said. Recruiters are busy.

Companies have an increased need for hiring, but they don’t want to hire salaried recruiters, Sohn said. This is where Recruiter.com steps in. The platform offers on-demand access to recruiters so a company can scale and respond to needs in real-time.

Sohn then talked about how his company filled that need for Dentsu Group Inc. DNTUY. Recruiter.com helped Dentsu hire 128 people in just 90 days.

Sohn ended the presentation by touching on the leadership team and the experience its members bring.

If you’d like to see Sohn’s whole presentation or any of the other speakers from the conference, you can check them out here.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.