What's the So-Called "Hidden Job Market"
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Anyone who's looking for a Career has absolutely certainly heard the term, "Hidden Job Market." We frequently hear job seekers ask, "Is there really a 'Hidden Job Market'? What's it?" The 'secret answer' is, "There is no Hidden Job Market. If job openings were truly hidden, neither you nor anyone else would have the ability to find them. In fact, if job openings were truly hidden, how would an employer expect to fill them?
Executive Hunting Firms and Career Counselors probably use the expression more than anyone else. They promote the 'Hidden Job Market' as a reason to pay them thousands of bucks to help job seekers find these 'hidden' gems of opportunity. They often lead the worried job seeker to believe that they want connections, information, technology and experience to lead you to job opportunities that nobody else might provide - for a hefty price. This contact makes no sense. These jobs are not hidden - they are just more troublesome to find.
The following quote, from an HR Professional on a recent LinkedIn discussion, fairly well sums it up:
"In my 15 years in HR, I might honestly say I've never intentionally hidden a job, and I cannot imagine why anyone would. That is not to mention, however, that I always openly advertise a job."
The "Hidden Market" is simply a various way to describe networking, in-depth research and effective prospecting - all things any job seeker must do to find a job. Many articles want been written about how one can find these 'hidden' jobs without paying thousands of bucks to someone else to teach them how it's done.
The extended and the short of it is this: Greatest employers don't immediately circulate and post their open jobs on job boards like Monster.com and Careerbuilder.com. Nor do they advertise them in newspapers and additional similar publications. Hiring a new employee is an pricy process. If they could fill the position in-house or through networking and referrals they might save a considerable amount of time and expense. Typically, employers will initially post the job internally and on their company website owner. If they're unsuccessful in filling the position though this way, their second step might be to post the open position on a job board. A Special Report on CNNMoney.com explains this process:
http://money.cnn.com/2009/06/09/news/economy/hidden_jobs/
"Over 80% of today's jobs aren't offered, according to Howard Poplinger, owner of human-resource business Epic Development and Evaluation.
Businesses are relying more heavily on their current employee systems, or on local or specialized job pools, to avoid the flood of unqualified candidates that comes with high unemployment..."
"Employers are definitely leaning on their employee population to download referrals for & women that their employees trust," said Kathy Robinson, the founder of TurningPoint, a career consulting firm in larger Boston. "Otherwise they want to screen thousands of applicants."
According to Robinson, open positions may ultimately make it onto big job sites, but just after employers reach out to their employees or a select group of recruiters first."
The content states that "80% of today's jobs aren't advertised." But if you carefully read the whole article, it's clear that there are jobs and they are published - they're only not published on the major job boards. So, if you know this fact, there is no reason to get hung up on your expression "Hidden Job Market".
Let's look at some startling statistics. Initially, there are more than 15 million unemployed as well as in America. Increase in the under-employed and that adds up to a lot of competition. Next, less than 5% of job seekers will find their job on a job board, yet the average person will spend 90% of their job search efforts appearing on job boards.
it's challenging to fault employers for trying to streamline their hiring process. If every job were widely posted, they would be inundated with applicants and resumes. Only sorting through them would be a substantial expense and it would need more time than they're willing to initially invest in the process.
What does it all indicate to you, the job seeker? Quite simply, you could adapt, learn new job seeking skills, and put forth the effort it will need, or you can continue doing the same things anyone else does and experience identical results they do. Those who adapt and employ the right strategies will find this 'hidden' industry and employers will recognize that these are the types of candidates they are appearing for. It could not seem fair, but it's the reality of the globe we live in.
This is a tough job industry. If you are unemployed, you cannot afford to be complacent or lazy. You must be willing to do the things 95% of job seekers aren't willing to do. Job boards supply a lot of visual stimulation with little results, and they eat up far too much valuable time. There are resources available, for little or no cost, that'll teach you how to locate and identify hundreds, or even thousands of jobs that might be right for you. The ideal contact is to become proactive and find how to strategically apply a targeted approach to your job search. Employers will recognize your efforts and you'll probably end up in a better job with a more salary - and very often in a much shorter time.
Remember, you're a qualified candidate and you've much to offer an employer. By taking the time and extra effort to glance beyond the obvious and do a little research, you'll clearly stand out from your competition. Don't become a victim of the so-called "Hidden Market". It does not exist. Take control of your future. Find how to find the jobs which might be not posted on the major job boards and you will find your career. |
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Visit the following links for more information about Job Search and Find a Job
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By :
Mario Rayjohnson
Submitted
2011-11-13 16:50:08 |
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