Recruiter.com and millionways Forge Partnership to Apply AI-Powered Personality Evaluation to Hiring

Alliance is poised to transform the recruitment landscape, offering cutting-edge AI insights that empower companies to make data-driven and emotionally-intelligent hiring decisions.

NEW YORK, NY / ACCESSWIRE / June 20, 2023 / Recruiter.com Group, Inc. (NASDAQ:RCRT, RCRTW), a provider of on-demand recruiting solutions, and millionways Inc., a trailblazer in emotionally-intelligent AI technology, are pleased to unveil a partnership to develop an AI-Powered Personality Evaluation Tool for recruiters and human resource professionals.

The alliance is poised to redefine the HR landscape by utilizing millionways' cutting-edge AI, which is exceptionally skilled in generating an empathetic and nuanced understanding of individuals. By integrating this sophisticated technology, Recruiter.com will give HR professionals crucial insights into candidates' personalities, values, and motivations, paving the way for astute and informed hiring decisions.

The partnership between millionways and Recruiter.com involves both a revenue-sharing agreement and a mutual equity investment strategy. In detail, both entities are in the process of discussing mutual equity grants, where each company could potentially receive up to $500,000 in value in the other through an exchange of equity. Additionally, Recruiter.com has agreed to pay millionways a licensing fee based on a revenue-sharing model. Under this agreement, millionways will receive fifty percent of the net revenue that stems from the product sales.

Martin Cordsmeier, Founder and CEO of millionways, expressed his enthusiasm: "Our partnership with Recruiter.com epitomizes millionways' dedication to augmenting human potential through technology. By incorporating our AI into the HR process, we optimize recruitment and revolutionize how companies comprehend and engage with talent. This innovative use of AI heralds a transformative leap toward cultivating more harmonious and productive workplaces."

Miles Jennings, CEO of Recruiter.com, added, "We are exceedingly excited to join forces with millionways. Their emotionally-intelligent AI will empower HR professionals with valuable insights. This tool is set to revolutionize talent acquisition and hiring, assuring that the right individuals are assigned to the right roles, fueling success and innovation."

Diving into the technical aspect, millionways' AI system is founded on scientific and psychological principles. It employs a machine learning categorizer based on the Naive Bayes Natural Language Processing (NLP) Classifier. The AI can engage users in a conversation through a chat-based or voice-based interaction or analyze user-generated texts that are already available such as emails or messages. Utilizing between 3,000 and 5,000 words and leveraging the PSI theory psychological model, it predicts various personality traits, such as the person's motivation, behavior, and compatibility with other people. The system constantly learns and evolves through statistical analysis and feedback loops, making it incredibly accurate and reliable.