Max: Hello, and welcome back to the Recruitment Hackers Podcast. I am your host, Max Armbruster, and today on the show, I’m delighted to welcome someone who is a veteran of the industry. Sorry, Steven, it has to be said. The Founder, Chief Visionary Officer for College Recruiter. We’ll give Steven a chance to introduce College Recruiter and what they do, but I’m excited to have a conversation with Steven about what is happening in the world of campus recruitment and university hiring and all of those activities that kind of used to require a travel budget.
And so what, what happened over the last couple of years, what’s gonna come to us in the future, and how do we keep hiring young talent without breaking the bank without it costing what it used to cost, basically. That’s what we’ll be talking about. So, Steven, welcome to the show.
Steven: Well, thank you very much, Max. I think the word veteran is code for extreme age. Okay but that’s cool. With age comes wisdom, and at some point, I’m hoping to have both, not just the former.
Max: Age is just surviving, surviving everything that could have happened and all those buses that could have hit you
Steven: All those I’ve tried have to dodge.
Max: So yeah, it’s a compliment of course. You’ve been running college recruiters since, your LinkedIn says since November, 1991. Pre-internet so well, how did you end up in that space? Cause I saw from your background that you come from the legal, from being a law clerk and studying law and being a law graduate. Right? So you’re a lawyer.
Steven: Yes. I like to say I’m fully recovered. Family members would definitely disagree and that’s fine. I’ll Sue them.
So in 1991, I had graduated from law school and was clerking for a couple of judges. And it’s a pretty common thing recent grads from law school do. It’s, kind of almost the equivalence of like a residency program for positions. You know, you go, you get that formal education and it kind of gives you like an internship kind of a year, but you’re paid for it.
You’re paid pretty decently for it. The work is really interesting but during that year, a friend of mine reached out to me and tried to get me to join his small business, which I had actually started the small business when I was in college, when I was in undergraduate school, he took it over, tried to get me back in and that kind of got my entrepreneurial bug going again. And so in 91, while I was working full time as a law clerk, I got the business that college recruiter grew out of started part-time and what it was for a few years, it was publishing maps of college and university campuses and selling the advertising around the borders to restaurants, retailers, et cetera.
That then led into publishing employment magazines, where the magazines I gave them away for free to career service offices. They gave them away free to students and grads. And the revenues came from employers paying to advertise their jobs. And then in 96, this thing called the internet came along. And over the next few years, we gradually got rid of all of our print publications. And so since 2000, it has been the job board, collegerecruiter.com.
Max: Right. I’m gonna show my age by telling you that in 2000 I was working for a company called Zip Davis and I was working for a computer shopper magazine. So I was there for the slaying, the final days of computer list, people buying computers on listings and you know every month we would lose advertisers. But I’m sure the CNET networks was able to recuperate some advertising on the other end, but yeah it was a time of just destruction, all over the place. And I guess there must have been one year when you went from 80- 20 to 20-80.
Steven: Yeah, 1999 was the year that we shut down the maps, which were ridiculously profitable. You know, I think in 98, the maps provided something like 80% of our revenue. Sorry. I think it was 80% of our profit with only 20% of the revenue and about 5% of my time. It was painful to give that up, but the writing was on the wall. It’s like, you know, you give this up now and work from a position of strength and cannibalize your own sales.
Or somebody’s gonna do that to you.
Max: And fortunately, you were young too.
Steven: Yeah. I was young and, and I mean, my wife and I had a couple of kids at that point. We ended up with three, but, it is a different situation at that point than, you know, when you’re still fairly early in your career, you’re, you’re better able to take on risks. Uh, everything else being equal.
Max: Yeah. So, college recruiter has been, is it, can I call it a job board? A market?
Steven: Yeah,
Max: I know it’s not a sexy term, but like a marketplace for young talents?
Steven: yeah. You know, it’s not sexy, but one thing about job boards, is that they work. Yeah. They, really deliver, the good ones, they deliver really great value. They’ve been around for a long time. Without a doubt, the industry has its haters. The haters, the most vocal ones tend to be those, with skin in the game, the ones that are competing against the job boards for the same budget. And so you see third party recruiters talking about how awful job boards are and how nobody uses job boards and blah, blah, blah.
It’s like, well, okay. If your whole focus is on recruiting C-suite executives, then yeah, job boards are not the place for you, but if you’re recruiting a lot of relatively early career talent at scale, there aren’t too many more efficient ways of getting that opportunity in front of the candidate. There are loads of ways, including Talkpush of then taking that candidate who has discovered the opportunity, who’s discovered your organization and converting them into an applicant or converting that applicant into a hire. There are loads of ways out there that do that better than a job board would. But that initial, “I don’t know who I wanna work for”, “I may not even know what kind of position I’m looking for”, I don’t just don’t think there’s anything better out there than job boards for that.
Max: mm-hmm yeah, I’ve been a promoter of social media for sourcing at high volume for a long time. And, I think it’s effective, if done right. And, you know, depending on the geographies, but if you’re in a college town and you’re targeting a specific age bracket, I think it can be very effective for jobs that are suitable for a large trench of the population.
But instead of taking it from the employer’s perspective and we take it from the job seeker perspective, then yeah, the benefits of this sort of virtual career fair that you get in a job board is it’s unmatched. The only thing that was close to it maybe was Facebook jobs, but they shut down in March that I think that was, that could have been a good, uh, Yeah, maybe another job board killer.
I know there’s been a lot through the, over the years who have come and gone.
Steven: yeah, I was a fan of the concept, and I think if they had more focus on it, I think they could have made it into a real success. It’ll be interesting to see five years from now when the truth comes out, why it was really killed, what the reality was. I suspect it had to do with privacy laws that they were gathering or needing to gather a whole lot of information about job seekers that just doesn’t play well with laws like GDPR.
Max: Yeah.
Steven: And, better fo…
