You’ve heard the term, “The Hidden Job Market.” But why does it exist and how can you tap into these hidden jobs?
The hidden job market refers to jobs that are available but haven’t been posted or advertised….
USA TODAY reports employers added an average of 246,000 jobs each month in 2014, the best year for job growth since 1999. Finally, for the first time in 15 years, it seems companies have started to hire in a meaningful way.
Welcome back, economy!
But all this hiring is happening the way it used to…
When we’re job hunting, we often make the mistake of assuming that all the great jobs are on giant job boards.
Nothing could be further from the truth.
And yet, that is where most job seekers seem to spend most of their time…
In a presentation called “Launching an Effective Job Search,” I discuss the “iceberg” graphic shown here, illustrating the components of a multi-faceted job search.
Notice that above the water line – the tip of the iceberg – is “posted jobs” and “resumes and cover letters.” This is the obvious part of a job search everyone understands. But, that is just the tip of the proverbial iceberg… and where job seekers spend way too much of their time…
Although the figure varies from 75% to 90%, the message is the same and often repeated… a large majority of jobs don’t get posted. Much has been written about the “hidden job market”. The jobs aren’t hidden… they’re “gated”.
In the “gated” job market, you need to punch in the right code to get through. The job is right there for you to see… you know the description, you have an email address, and you can almost smell the fabric of the cubicle panels. But if you don’t know the code, you won’t get past the gate.
So, what is the code?
Job seekers are struggling to find positions, in part because so many job openings are never even advertised online. The “hidden job market” is very real, and it’s causing frustration among job seekers. You can find these jobs by determining what a company needs.
Here are five ways to uncover those unadvertised job openings…