HYDERABAD: AI-powered profession and recruitment platform Workruit on Tuesday introduced its foray into the USA market.
The Hyderabad-based HR tech startup stated it has recognized a considerable demand for its core merchandise, notably the ‘Resume Builder & Recruitment Platform’, within the US market, which has a fragmented recruitment trade.
This demand is pushed by the fast tempo of technological innovation and pricing buildings which might be roughly 10x larger than these noticed within the Indian market, Workruit stated.
“Leveraging this untapped development alternative, Workruit goals to scale its operations and make a long-lasting affect on the worldwide job market,” the startup added.
Workruit founder & CEO Manikanth Challa stated the net recruitment market within the US is projected to develop by $3.17 billion throughout 2022-2026, with a CAGR of 6.93% through the forecast interval.
“Improvements within the hiring course of are notably driving this development, and Workruit is well-positioned to determine a powerful presence on this market with our vary of AI-powered flagship merchandise,” Challa stated.
As a part of its world growth technique, Workruit, which already has a presence in South-East Asian markets, stated it’s aiming to attach with over 5 million job seekers globally, have interaction with greater than 5,000 enterprises, and collaborate with over 2,000 schools and universities by the top of the following 12 months.
Its platform has generated over a million resumes and presently has practically three million registered job seekers. Workruit additionally has partnerships with round 2,500 employers.
The Hyderabad-based HR tech startup stated it has recognized a considerable demand for its core merchandise, notably the ‘Resume Builder & Recruitment Platform’, within the US market, which has a fragmented recruitment trade.
This demand is pushed by the fast tempo of technological innovation and pricing buildings which might be roughly 10x larger than these noticed within the Indian market, Workruit stated.
“Leveraging this untapped development alternative, Workruit goals to scale its operations and make a long-lasting affect on the worldwide job market,” the startup added.
Workruit founder & CEO Manikanth Challa stated the net recruitment market within the US is projected to develop by $3.17 billion throughout 2022-2026, with a CAGR of 6.93% through the forecast interval.
“Improvements within the hiring course of are notably driving this development, and Workruit is well-positioned to determine a powerful presence on this market with our vary of AI-powered flagship merchandise,” Challa stated.
As a part of its world growth technique, Workruit, which already has a presence in South-East Asian markets, stated it’s aiming to attach with over 5 million job seekers globally, have interaction with greater than 5,000 enterprises, and collaborate with over 2,000 schools and universities by the top of the following 12 months.
Its platform has generated over a million resumes and presently has practically three million registered job seekers. Workruit additionally has partnerships with round 2,500 employers.
