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23 Feb 2008 03:21:20 | David Richter
The hidden job market has been touted as the place to go if you
want to find the best jobs. It’s been said that this sector of
the job market accounts for seventy-five percent of all the job
openings out there. If that is true, then what we see in the
classifieds and on the Internet job sites account for only
twenty-five percent of all job openings. So the question
becomes, is the hidden job market a myth or does it truly exist?
The hidden, or unadvertised, job market does exist, and can be
located. When a company advertises a job opening in the
classifieds and on the various job sites, it takes three to four
months for that position to be filled. Since companies lose
money every day a position remains open, advertising a job
opening is seen by many as a non-viable approach. Roughly
seventy-five percent of all job openings are therefore
unadvertised, which means you will not see them posted on any of
the job sites. You will not be aware of their existence. They
are indeed hidden opportunities. It is absolutely worth your
effort to find these opportunities. Companies have learned to
search for viable candidates using three fundamental strategies
other than advertising: networking, using recruiters, and
probing the job sites. So how can you take advantage of these
approaches to tap the hidden job market? Networking isn't an
approach exclusive to hiring companies. You, too, can engage in
networking with all the people you know. As an extremely
powerful strategy accounting for roughly 80% of all job fills,
networking allows you to get in doors that would otherwise be
impossible to enter. You can network your way into potential
opportunities that can turn into the right job created just for
you. Networking is one of the best ways to tap the hidden job
market! Screening and reviewing hundreds of resumes for accuracy
and position viability is time-consuming. When the job-required
personality doesn’t materialize at the interview, more time is
wasted. For this reason, more and more employers turn to
recruiters for a more efficient hiring process. A recruiter uses
exhaustive screening procedures as part of their candidate
search process. They charge a fee to the employer for this
service, but it is worth it in terms of time and effort.
Recruiters utilizing keyword searches scour the top job sites in
search of candidates to fill their unadvertised job openings.
Recruiters will find you as long as your resume is a match to
the qualifications of the position they need to fill. So one of
the best ways to capitalize on a recruiter’s mission, and to
indirectly tap the hidden job market, is to post your resume to
the top career sites. It's a simple yet powerfully effective way
to avail yourself of all the unadvertised positions out there,
and take your job search to a whole new level.
Copyright © 2005 TopDog Group All rights reserved.
About Author :
David Richter is a recognized authority in career coaching. His
extensive knowledge and experience gained from many years in
recruitment, outplacement and career management has allowed
David to formulate powerful strategies anyone can use to secure
interviews and receive offers. David holds Masters in both
Engineering and Counseling Psychology. Visit:
http://www.procareercoach.com
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