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Search Party Group continues to gain momentum in online recruiting

Search Party Group (ASX:SP1) is continuing to witness a substantial increase in customer engagement and recruitment activity in its online recruitment platform.

Search Party Group is a recruitment services marketplace.

The company is a recruitment services marketplace that connects employers and recruiters using matching algorithms to make hiring faster, easier and more effective.

Search Party’s confirmed placements are up 41% in the second half of CY2016 compared to the first half and gross revenue of $830,000 is up 57% compared to the first half.

Importantly, the company completed major product releases leading to a significant shift in user engagement and independence.

Now more than 80% of customer hiring actions are occurring without assistance, up from 20% at September-end.

In parallel with Search Party’s self-service online solution for small businesses, the company is beginning to see engagement from mid-sized companies and large enterprises.

The company’s objective is to provide comprehensive outsourced recruitment services, and is evolving its sales and marketing approach to cater to this.

In the first quarter of 2017, Search Party is focusing on research and development of its recruitment platform through data science and machine learning.

Quick facts: Search Party Group

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Market: ASX
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