Hidden Job Market - What is it?
There are only two ways to look for a job.
The Employer looks for you.
ADVERTISED Job Market
Where is the ADVERTISED Job Market?
These unadvertised jobs are often referred to as the . Imagine, almost 90% of the labor pool targets less than 25% of available jobs. Is it any surprise, most job seekers never receive a response from potential employers?
Hidden Job Market -- Only about 5-20 percent of all job openings are ever publicly known, which results in about four-fifths of the job market being "closed," meaning you can't find out about any new openings unless you do some digging.
Vacancies that are not advertised publicly - companies recruit from within their own organisation.
Careers that be organised by working from home either full-time or while on holiday from your main job.
Hidden Job Market
Employers prefer to fill jobs without the expensive and time consuming advertisement and interview process, where possible.
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The hidden job market includes all positions that have not yet been communicated through visible channels, such as newspapers.
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Especially when you take into account that a posted job can generate over 1,000 responses, your best bet is to find jobs in the "hidden job market.
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The ABCs of Networking
Networking opens the doors to the hidden job market, and if you've not learned this art, many opportunities may be passing you by. This list of networking ABCs can help you move your career forward.
If you do, you are overlooking a large segment of the that will remain hidden from you if you simply give up.
See also: Job, Employer, Job search, Career, Experience