If you are active on social media, you will no doubt have read recently about this new fangled cultural phenomenon called ‘The Hidden Job Market.’ I receive dozens of emails every day asking me what it is and how to get access to it. Related: What’s The Hidden Job Market And How Do I Access It? I have some news for you…There is no hidden job market. It is just the job market. Instead, try to think of it in an entirely different way. There are the jobs that you can see advertised and that are visible to everyone in the marketplace. These are the same opportunities that could be found before the dawn of social media by using the same old tried and tested techniques such as Scouring job boards, applying to a job advert or simply registering your details with a recruitment agency. This is the exact same way you would find a job in 1996! Then, there is everything else. These are the opportunities that you are probably missing out on. These jobs are often never advertised on job boards (or social media for that matter). Job seekers are more likely to be approached about an opportunity rather than apply themselves. Nowadays, I would say as much as 60% of all jobs in the market are filled in this way, as opposed to more ‘traditional’ methods. So in 2016, rather than you finding a job, the job finds you! To put this into some context, and to quote a statistic from my own career in the recruitment industry, I would say that as much as 70% of all the placements I have made as a recruiter in the past five years have never been advertised to the public. In today’s job market, it is absolutely essential that you allow yourself to be found easily online by recruiters and employers who are proactively seeking out the best talent in the marketplace. So, there is a distinct shift in mindset required in order for you to become successful.
If you’re in a job search, there is one important fact you need to know: Approximately five out of every 1000 online job applications ever make it to the hiring manager—that’s it. Companies are often so swamped with applications from their online job postings that your application gets lost in the flood. They choose a few perfect applications from people who are probably overqualified for the job and dump the rest.
Did you know that for every job you see posted online, there is at least one more job you don’t see? Estimates are that as many as 70%-80% of all jobs are not publically posted at any given time. This is known as the hidden job market. Related: In A Job Search? Why You Must Tap The Hidden Job Market It stands to reason then, that if you can find those jobs and let them know about you, you will have more interviews than what you are getting now. More interviews means more chances at job offers. It’s an amazing, powerful, even life-changing thing to have multiple job offers to choose from, and the way to do that is to start by getting more interviews.
Have you heard of the hidden job market? The hidden job market is made up of jobs that are available to be filled, but are not posted anywhere—they’re not on Simply Hired, Monster, The Ladders, or Indeed. Estimates are that these hidden jobs make up anywhere from 70%-80% of the total job market. That’s a lot of jobs that you’re missing out on if you can’t find them.