Workruit intends to connect with more than 5 million job searchers globally as part of its global expansion strategy
AI-powered career and recruitment platform, Workuit said that it plans to enter the markets of the United States. The platform already active in over 150 countries, is now poised to make a move into the US, recognising the tremendous opportunities presented by the American job market.
The company said in a statement that it sees substantial demand for its core products, particularly its 'Resume Builder and Recruitment Platform. "This demand is driven by the rapid pace of technological innovation and pricing structures that are approximately 10 times higher than those observed in the Indian market. Leveraging this untapped growth opportunity, Workruit aims to scale its operations and make a lasting impact on the global job market," it added.
As part of its global expansion strategy, the company aims to connect with over 5 million job seekers worldwide, engage with more than 5,000 enterprises, and collaborate with 2,000+ colleges and universities by the end of the next year.
Commenting on this milestone, Manikanth Challa, CEO and founder of Workruit, stated, "The online recruitment market in the US is projected to grow by $3.17 billion during 2022-2026, with a CAGR of 6.93 per cent during the forecast period. Innovations in the hiring process are notably driving this growth, and Workruit is well-positioned to establish a strong presence in this market with our range of AI-powered flagship products."
The company claimed that since its inception, the platform has consistently achieved outstanding year-on-year growth, boasting an impressive 110 per cent increase. The platform has generated over one million resumes and currently boasts nearly 3 million registered job seekers. Workruit has forged partnerships with approximately 2,500 employers, including renowned organisations such as Just Dial, BYJUs, HDFC Bank, Fortune Group, Reliance Group, Amazon, Asian Paints, and many more.
Workruit offers a comprehensive suite of solutions, including an AI-assisted Resume Builder, Job Search and recruitment, and Digital Skilling and Employment Platforms, to empower job seekers and employers alike on their career journeys.