In the 1960s, psychologist
H.R. Sheppard led a study wherein people were asked how they had gotten their jobs.
The results: 66% of the job leads had come from friends, relatives and
acquaintances. Few of the job leads came through traditional job search methods
as only 2% came from private employment agencies, 8% from state employment
agencies, and only 5% from Help Wanted ads. Comparatively, recent Department of
Labor reports indicate that approximately 66% of job seekers find their job
through a word-of-mouth referral while just 5% from Help Wanted ads. Surprisingly, just 1% of jobs are found as a
result of online job boards. In short,
little has changed in 50+ years.
This data
contradicts tradition job search methods, but it all really makes sense when
closely analyzed. Most job seekers,
these days, turn first to the Internet for their job search; the second most
popular method remains the Help Wanted ads from newspapers and related
periodicals. The competition is
fierce. Help Wanted ads, be they from
the Internet or newspaper, generate thousands of responses from job
seekers. If a local cable company runs
an ad Now Hiring Customer Service Representatives, that cable company is likely
to receive over 1000 resumes. The
individual applicant has very little chance of just getting an interview due to
the sheer volume of applications. Plus,
only about 10% of employers advertise jobs through Help Wanted ads. The greatest majority of job seekers end up
applying to the smallest percentage of employers.
Successful job
seekers understand two things: 1.) Job seekers must uncover what is known as
The Hidden Job Market; 2.) Job seekers must network to generate employment opportunities.
The majority of
the nation’s job market is a Hidden Job Market.
Political candidates will often refer to small businesses as the
nation’s job creators, and it is true.
Small to mid-sized businesses are hiring every day. These same businesses, however, do not have
the resources for traditional Held Wanted advertisements. First, there is a great cost associated with
print advertisement, so most small businesses will not even consider a
newspaper Held Wanted ad. Second, many
small businesses do not have an HR department or recruiters, so the ability to
respond to a great number of applicants is unrealistic. These companies still need to hire. Some will put a Now Hiring sign in their
front window. Most will end up hiring
someone they already know or someone who is referred by a trusted colleague.
It is imperative
that job seekers uncover these opportunities.
There are two methods that seem to work for job seekers. Door-to-door is
a great way to generate leads and uncover information. This requires a lot of footwork, but often
pays dividends for those job seekers who are willing to pound the
pavement. More often, job seekers
uncover opportunities by meeting with and talking with the people they already
know. Friends, relatives, neighbors and
other personal contacts are an excellent starting point. Successful job seekers also network with
those people they do business with – teachers, former colleagues, customers and
the like. Many job seekers will take
advantage of opportunistic networking moments such as an opportunity to discuss
work at a party, meeting or other event.
Those who are most likely to uncover the next great job are those who
are proactive in their networking efforts.
There are plenty
of networking outlets for those who are not sure where to begin. The Department of Labor currently reports the
existence of more than 10,000 Job Clubs in The United States. Job Clubs are weekly meetings wherein job
seekers share leads, learn from guest speakers and support one another during
the job search process. Social Media
also provides outlets to connect with former co-workers, friends and others who
may know about new employment opportunities.
At a minimum, job seekers can sign up for a free LinkedIn account,
create a profile on LinkedIn and begin to connect with colleagues who may know
about a job that would otherwise go unadvertised.
Nobody looking for
a job should totally abandon the Internet or the local newspaper, but job
seekers should consider these as sources of information. Sitting behind a computer and filling out
online job applications often leaves job seekers frustrated, waiting for a call
or interview. Successful job seekers
take every lead and discuss those leads with their network in the hope of
generating a contact or word-of-mouth referral.
The data does not lie. And,
remember, the closed mouth does not get fed.
Job seekers need to let people know when they are looking for a job;
otherwise, how would anyone know to help?
I totally agree with your assessment of the job market today, and although I am just one person, I feel I've had enough job seeking experiences to almost validate "the value of footwork" on my own. Working in marketing and pre-sales consulting roles, I've reorg'd out of a few roles to find myself looking for that next gig -- that next role where I can bring value, establishing my professional brand fast and wide. But... I was also looking for a role that fit me, not just one like the last one. This is where my professional network really helped me.
ReplyDeleteMy close connections helped me find "like" jobs when those were the ones I wanted to move to after a reorg, but when I said, enough is enough, I want try something different (which I believed/knew I could do)... my network got me there. They knew me well enough to introduce me, and in turn, promote me and my skills to their connections, and so on, as needed (for the role).
I, for one, can say you are right about the need for networking and for putting in the effort. The jobs won't come to you, but they are out there. Some of them... a lot of them aren't even posted... You may miss the best fitting job for you if you're just filling out apps on-line?
Great comments. Thanks for sharing your thoughts. You're right...there is a whole 'hidden' job market out there. A lot of positions are being filled from within. the only way to learn about these it to tap your network for info. Good stuff!
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