Magnet.me, the online career network for students, marked its fifth anniversary in style today. Achieving record success in numbers but, critically, driving change in the stagnant graduate recruitment process. 

Growth over the past six months, when Magnet.me announced raising €1m in an investment round, has been quite significant. The number of students registering on the platform has increased more than 43% (from 70,674 to 101,072) and the number of businesses posting jobs has increased 25% (from 1,009 to 1,257) in the brief period between February 2017 to July 2017.

Magnet.me opened the platform to UK students in 2015 which has rallied growth. Over half the students (52,871) are from the UK and almost a fifth of the businesses (223) listed are from the UK including Rothschild, Vodafone and Unilever. In 2016, Magnet.me was decorated with the Best New Entrant Award by the UK Government, Department of International Trade.

The Rotterdam-based start-up connects students with potential employers using intricate algorithms. Magnet.me launched in 2012 when the founders, applying for graduate roles themselves, were stuck and frustrated.  There were faced with poorly functioning jobsites which only listed companies with huge recruitment budgets, aggressive recruitment agencies and a long list of careers fairs.

In launching Magnet.me, the aim was to break away from the traditional means for students in applying for work (in most cases for the first time in their lives) and for businesses in sourcing the best talent. Over the past 5 years, more than 2.5m connections between students and prospective employers have been established with 78% of students invited to an interview and 58% securing a role.

Vincent Karremans, founder of Magnet.me commented: “It’s been a whirlwind journey over the past five years and it’s amazing to celebrate this landmark with such remarkable success.”

“The funding round earlier this year certainly helped. We experimented with diverse ways of raising awareness to both students and businesses. The response has been overwhelming and we’re thoroughly excited to be supporting more students and employers navigate each other to create the best experiences”

“Participation from students and businesses in the UK has been significant. Anecdotal feedback suggests that this in part an impact of Brexit but also a broader trend among UK students to branch out of the UK for work.”

“There are clouds of uncertainty about what the UK will look like after Brexit but Magnet.me stands to benefit in both positive and negative outlook scenarios. Businesses will take prudent measures and examine their cost bases. In managing recruitment costs, we believe that firms will move away from traditional, expensive and arduous recruitment channels opting for smarter solutions such as Magnet.me. We have observed this trend, first-hand, in the Netherlands launching in 2012 in the midst of an economic crisis.”

Vincent Karremans adds: “Students are only exposed to a handful of potential employers via the traditional recruitment channels. They have no idea which companies are interested in them and are forced to navigate through careers fairs, generic job sites, face being bombarded with generic emails from the companies that have the budget to pay for them. We have set out to change this by turning the whole process on its head and so it revolves around the student, instead of the company.”

About Magnet.me: Online network Magnet.me was launched in 2012. It has over 100,000 users and more than 1,250 businesses using the service to source their graduate talent. Magnet.me enables users to explore potential employers, connect with them, discover career opportunities and get hired for their dream internship, placement or job– whether at a multinational, big law firm or start-up.

You may also be interested in these articles:

Register, Login or Login with your Social Media account:


Advertisers

Advertiser Skyscrapers

Video Advert

Newsroom Activity

Damar Training has published a new article: Happy 40th Birthday Damar Training! 1 hour 42 minutes ago
Morgan Hunt has published a new article: Morgan Hunt unveils its new brand and website 2 hours 5 minutes ago

Latest Education News

Further Education News

The FE News Channel gives you the latest education news and updates on emerging education strategies and the #FutureofEducation and the #FutureofWork.

Providing trustworthy and positive Further Education news and views since 2003, we are a digital news channel with a mixture of written word articles, podcasts and videos. Our specialisation is providing you with a mixture of the latest education news, our stance is always positive, sector building and sharing different perspectives and views from thought leaders, to provide you with a think tank of new ideas and solutions to bring the education sector together and come up with new innovative solutions and ideas.

FE News publish exclusive peer to peer thought leadership articles from our feature writers, as well as user generated content across our network of over 3000 Newsrooms, offering multiple sources of the latest education news across the Education and Employability sectors.

FE News also broadcast live events, podcasts with leading experts and thought leaders, webinars, video interviews and Further Education news bulletins so you receive the latest developments in Skills News and across the Apprenticeship, Further Education and Employability sectors.

Every week FE News has over 200 articles and new pieces of content per week. We are a news channel providing the latest Further Education News, giving insight from multiple sources on the latest education policy developments, latest strategies, through to our thought leaders who provide blue sky thinking strategy, best practice and innovation to help look into the future developments for education and the future of work.

In May 2020, FE News had over 120,000 unique visitors according to Google Analytics and over 200 new pieces of news content every week, from thought leadership articles, to the latest education news via written word, podcasts, video to press releases from across the sector.

We thought it would be helpful to explain how we tier our latest education news content and how you can get involved and understand how you can read the latest daily Further Education news and how we structure our FE Week of content:

Main Features

Our main features are exclusive and are thought leadership articles and blue sky thinking with experts writing peer to peer news articles about the future of education and the future of work. The focus is solution led thought leadership, sharing best practice, innovation and emerging strategy. These are often articles about the future of education and the future of work, they often then create future education news articles. We limit our main features to a maximum of 20 per week, as they are often about new concepts and new thought processes. Our main features are also exclusive articles responding to the latest education news, maybe an insight from an expert into a policy announcement or response to an education think tank report or a white paper.

FE Voices

FE Voices was originally set up as a section on FE News to give a voice back to the sector. As we now have over 3,000 newsrooms and contributors, FE Voices are usually thought leadership articles, they don’t necessarily have to be exclusive, but usually are, they are slightly shorter than Main Features. FE Voices can include more mixed media with the Further Education News articles, such as embedded podcasts and videos. Our sector response articles asking for different comments and opinions to education policy announcements or responding to a report of white paper are usually held in the FE Voices section. If we have a live podcast in an evening or a radio show such as SkillsWorldLive radio show, the next morning we place the FE podcast recording in the FE Voices section.

Sector News

In sector news we have a blend of content from Press Releases, education resources, reports, education research, white papers from a range of contributors. We have a lot of positive education news articles from colleges, awarding organisations and Apprenticeship Training Providers, press releases from DfE to Think Tanks giving the overview of a report, through to helpful resources to help you with delivering education strategies to your learners and students.

Podcasts

We have a range of education podcasts on FE News, from hour long full production FE podcasts such as SkillsWorldLive in conjunction with the Federation of Awarding Bodies, to weekly podcasts from experts and thought leaders, providing advice and guidance to leaders. FE News also record podcasts at conferences and events, giving you one on one podcasts with education and skills experts on the latest strategies and developments.

We have over 150 education podcasts on FE News, ranging from EdTech podcasts with experts discussing Education 4.0 and how technology is complimenting and transforming education, to podcasts with experts discussing education research, the future of work, how to develop skills systems for jobs of the future to interviews with the Apprenticeship and Skills Minister.

We record our own exclusive FE News podcasts, work in conjunction with sector partners such as FAB to create weekly podcasts and daily education podcasts, through to working with sector leaders creating exclusive education news podcasts.

Education Video Interviews

FE News have over 700 FE Video interviews and have been recording education video interviews with experts for over 12 years. These are usually vox pop video interviews with experts across education and work, discussing blue sky thinking ideas and views about the future of education and work.

Events

FE News has a free events calendar to check out the latest conferences, webinars and events to keep up to date with the latest education news and strategies.

FE Newsrooms

The FE Newsroom is home to your content if you are a FE News contributor. It also help the audience develop relationship with either you as an individual or your organisation as they can click through and ‘box set’ consume all of your previous thought leadership articles, latest education news press releases, videos and education podcasts.

Do you want to contribute, share your ideas or vision or share a press release?

If you want to write a thought leadership article, share your ideas and vision for the future of education or the future of work, write a press release sharing the latest education news or contribute to a podcast, first of all you need to set up a FE Newsroom login (which is free): once the team have approved your newsroom (all content, newsrooms are all approved by a member of the FE News team- no robots are used in this process!), you can then start adding content (again all articles, videos and podcasts are all approved by the FE News editorial team before they go live on FE News). As all newsrooms and content are approved by the FE News team, there will be a slight delay on the team being able to review and approve content.

 RSS IconRSS Feed Selection Page