Only 20% of available positions are placed on job boards at any given moment, according to career coaches and resume writers. The Journal argues in an article titled "Scoring Unlisted Jobs" that the remaining 80% of jobs are never published.
Job boards are alluring because they appear to put everything at your fingertips. Unfortunately, most job seekers are fighting for the same small pool of openings and are being rejected. According to Steven Rothberg, founder of the Minneapolis-based job website CollegeRecruiter.com, more than 80% of job postings are not advertised. Because most organisations would aim to promote from inside or rely on employee referrals, this might be a fantastic opportunity for outside applicants with research and networking abilities. This essay comes at a good moment for me because I'm now working on a book about tapping into the hidden employment market. Many people make the mistake of assuming that if a job isn't advertised online, it isn't available, although this is far from the case. But why aren't the other 80% listed? There are numerous explanations for this. Career coaches and resume writers say that occasionally the HR department simply hasn't gotten around to posting the job. The employer may still be debating the compensation or title. The manager may have only recently learnt of a resignation and has yet to inform anyone. It is sometimes business policy to post internally first before advertising externally. And there are situations when a management is preparing to fire an underperformer but hasn't done so yet. There are probably a thousand more, but you get the picture. The crucial point is that most people are competing for the 20% of posted positions, leaving you with a big opportunity to tap into the remaining 80%. So, how can you gain access to this untapped labour pool? I'll be discussing a lot of methods in my book (due out later this year), but The Journal recommends three terrific ones to start with: 1.Keep an eye out for indications — keep up with industry trends and keep track of who is expanding, relocating, or shifting their emphasis. (I also suggest keeping track of management changes, as they nearly always result in personnel turnover.) 2.Make use of your networks to find people in the companies you want to work for. 3.Use social media profiles and specialist industry employment listings to make it easier for people to locate you. The bottom line is that by focusing on the hidden job market, you can make better use of your job search time than combing the Internet job boards like everyone else. Want to learn more about the same? Get in touch with a career coach or resume maker today!
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