Hyderabad, October 2023: Workruit, the renowned AI-powered career and recruitment platform with a worldwide presence, is thrilled to announce its expansion into the US market. This momentous step signifies a significant milestone in the company’s international journey. Workruit, already active in over 150+ countries, is now poised to make a bold move into the United States, recognizing the tremendous opportunities presented by the American job market.
Recognizing the fragmented nature of the recruitment industry in the United States, Workruit has identified a substantial demand for its core products, particularly the ‘Resume Builder & Recruitment Platform.’ This demand is driven by the rapid pace of technological innovation and pricing structures that are approximately 10x 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.
As part of its global expansion strategy, Workruit 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.
Workruit is dedicated to empowering educational institutions globally through its borderless solutions. It facilitates connections between students and potential employers, enhancing placement rates. Additionally, it streamlines administrative tasks, broadening institutional connections. Workruit’s platform empowers students with compelling digital profiles, including CVs and resumes, bolstering their competitiveness in the job market. This dedication to bridging the gap between education and employment has been exemplified through the recently conducted Workruit College Connect program. Expanding to major cities, this BIC (Build, Improve, Connect)-based initiative uses AI to connect students and employers, enhancing placements, and empowering educational institutions to succeed.
While Workruit has already established a robust presence in India, the company is dedicated to accelerating its efforts in the United States and Southeast Asia. In addition, the platform has enhanced its accessibility by introducing new languages, including Bahasa (Indonesia), Malay (Malaysia), Filipino (Philippines), and Russian (Russia). Moreover, Workruit has plans to roll out Arabic, Dutch, Portuguese, French, Italian, and Spanish languages by October 2023, further enriching the global user experience.
Commenting on this milestone, Manikanth Challa, CEO & 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% 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.”
Since its inception, Workruit has consistently achieved outstanding year-on-year growth, boasting an impressive 110% increase. The platform has successfully 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 organizations 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 & Recruitment, and Digital Skilling & Employment Platforms, to empower job seekers and employers alike on their career journeys.