Skip to content
Finance Investment, Information Technology

Hiremii to launch innovative ‘Sourcd’: The Artificial Intelligence Copilot for Recruiters

Hiremii Group (ASX:HMI) 2 mins read

Cloud-based recruitment software company, Hiremii Group (ASX:HMI) is pleased to provide an update on the upcoming development and launch of its game-changing AI copilot product, 'Sourcd.' This innovative product will help redefine the way recruiters connect with potential candidates, streamlining the outreach process and enhancing response rates.

'Sourcd' is a powerful AI copilot for recruiters that enables the instant generation of personalised outreach emails at scale, addressing a significant challenge in the recruitment industry: the balance between personalised communication and the efficiency demanded by managing multiple roles. Generic outreach emails often yield poor response rates, while manually crafting personalised emails for each role can be time-consuming and logistically challenging.

In a rapidly expanding market, where the Employment Placement and Recruitment Services industry reached a value of $4.9 billion in 2022 with an impressive growth rate of 7.3%[1]. Hiremii's innovative 'Sourcd' AI copilot emerges as a game-changer set to shape the future of candidate outreach and engagement.

Sourcd's' functionality lies in its ability to compare a candidate's experience and skills against job descriptions, highlighting precisely how they align with the requirements. This feature not only saves recruiters valuable time but also ensures that every outreach email is tailored to the candidate's profile and the specific role they are being considered for. ‘Sourcd' intelligently automates the personalisation process, ensuring that each interaction stands out in the current competitive market.

As organisations continue to adopt AI into their everyday workflows, Microsoft's Co-Pilot provides a clear example of the potential of AI-powered solutions to achieve successful outcomes. This product has demonstrated the benefits of technology augmenting human capability, resulting in a more efficient and effective user experience. ‘Sourcd’, inspired by such achievements, is being developed with recruiters in mind, serving as a contextual layer between recruiters and AI. This aims to deliver outcomes with minimal user input, fostering closer engagement with candidates.

The beta version is set to be rolled out to a selected users by the end of September, allowing for fine-tuning and feedback. Following that we will quickly move to full commercial launch.

 “We’re excited to launch 'Sourcd' at a pivotal time for both Hiremii and industry's rapid adoption of generative AI. The development phase is scheduled for completion in the next few weeks creating a solution that bridges the gap between personalised communication and streamlined scalability. With 'Sourcd' as their AI co-pilot, recruiters can expect heightened efficiency, improved response rates, leading to more candidates and an opportunity to cross sell other Hiremii Technology features, enabling the benefits of automation to hit the bottom line.” Said CEO Andrew Hornby.



[1] https://www.ibisworld.com/au/market-size/employment-placement-recruitment-services/#:~:text=What%20was%20the%20growth%20rate,industry%20increased%207.3%25%20in%202022.


About us:

Hiremii Limited (ASX:HMI) is a technology-driven, Australian-based company with two core, complementary business components:  Hiremii Technology and Inverse Group. Hiremii Technology is an innovative, cloud-based recruitment platform that uses Artificial Intelligence (AI) and Machine Learning (ML) to enable organisations to hire the right people at speed and at scale. Inverse Group provides recruitment expertise to some of the world's leaders in oil & gas, resources, emerging battery metals, renewable energy, and technology companies. Focussing on white-collar permanent placement, long-term contracting, and payroll solutions. 


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

Media

More from this category

  • Business Company News, Finance Investment
  • 14/06/2024
  • 12:23
Jane Morgan Management

LTR Pharma Wins IPO of the Year Award, Celebrating Groundbreaking Advancements in Men’s Health

Sydney, Australia – 14 June 2024 – LTR Pharma, an ASX-listed company dedicated to improving men's health, is proud to announce be announced as the winner of the prestigious IPO of the Year Award. This accolade highlights the company's remarkable entry into the public market and its promising future in the healthcare sector. The Australian Stockbrokers Foundation award ceremony was held last night at the Sofitel Wentworth in Sydney and celebrated LTR Pharma's innovation and impact. Alpine Capital has been instrumental in this achievement, acting as the Lead Manager for LTR Pharma's successful IPO. Their expertise and strategic guidance have…

  • Information Technology
  • 13/06/2024
  • 21:52
HotelRunner

HotelRunner Joins MarketHub Europe by HBX Group as Platinum Sponsor

HotelRunner, the leading hospitality and travel technologies platform, will attend MarketHub Europe by HBX Group as the Platinum Sponsor. This year's event will take place to explore "New Frontiers" in the travel industry and beyond from June 25 to 28, 2024, in Istanbul, where HotelRunner has been the undisputed market leader for over a decade.LONDON, UK / ACCESSWIRE / June 13, 2024 / MarketHub Europe by HBX Group has been a pivotal event in the travel and hospitality industry for over 8 years, consistently bringing together top industry players from around the globe. Since its inception in Seville in 2013,…

  • Finance Investment, Music
  • 13/06/2024
  • 11:23
Vinyl Group Ltd (ASX: VNL)

Vinyl Group Ltd (ASX: VNL) Launches A$5.4 Million Accelerated Entitlement Offer to Fuel Growth

Melbourne, Australia – 13 June 2024 – Vinyl Group Ltd (ASX: VNL), Australia’s only ASX-listed music company, today announced a fully underwritten pro rata accelerated non-renounceable entitlement offer to raise approximately A$5.4 million. This strategic move aims to enhance the company’s growth trajectory and bolster its market presence. Highlights: Significant Cash Reserves: The initiative is set to increase cash reserves by A$5.15 million. Focused Investment: Funds will be allocated to accelerate user acquisition on Vinyl and Vampr platforms, reduce technology costs of the Jaxsta platform, and expand the media business. Strong Backing: The offer is fully underwritten by Peloton Capital,…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.