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Revisiting the Hidden Job Market
Joyce Lain Kennedy - Careers Now
DEAR JOYCE:
I am a laid-off 37-year-old engineer. My dad is a laid-off 59-year-old executive. Not exactly the kind of bonding we'd planned on, but here we are. We've run across a book by
-- S.R.
The hidden job market concept targets unpublished jobs, as opposed to jobs that are advertised in media or on company Web sites, or disclosed through recruiters. You dig up undisclosed jobs through diligent, relentless networking. The strategy is effort-intensive, time-consuming, leads to many dead-ends and is more successful as a lifestyle than as an emergency campaign. Tag-teaming the challenge is an interesting idea.
IT COULD WORK FOR YOU.
Success rates in the hidden job market are debated by dispassionate researchers, but there's enough anecdotal evidence favoring savvy networking to give it a go. And when it works as intended and results in a good job -- jackpot!
Many career industry professionals have refined and commented on the concept of a hidden job market since Jackson popularized it in the mid-'70s, including the impressive
Today's job market, with fewer open positions advertised and a short inventory for recruiters to fill, creates an especially fertile field for digging in the hidden job market, Feldman says.
SOURCE OF HIDDEN JOBS.
"Invisible jobs arise from a variety of circumstances," Feldman explains. "These include a leave of absence, unexpected retirement, employee resignation or termination, merger and acquisition activities, new products or services, opening of a new facility or territory, internal reorganization."
A new face may be hired for an existing position. Or a new staffing need may arise. An incumbent may be dumped to hire a specific individual who has pull or prior history with the decision-maker.
WHO KNOWS ABOUT HIDDEN JOBS?
"The hidden job market is accessed through people who know about openings, plans and employer needs," Feldman says. "These individuals primarily are employees, consultants, former employees, and may also include vendors, customers, business partners and others with inside connections. In today's marketplace, relevant news and unadvertised job leads are passed along among contacts -- by word of mouth and electronically on social networking sites, personal and corporate blogs, online and in-person support groups, and alumni networks."
There's much more to know about finding secret gems in the job market. Browse the topic and also see Feldman's Web site for more tips.
As Feldman says:
"It's not just what you know or even who you know, but who with the necessary authority to hire knows what you know, and how you can contribute to the organization's success."
DEAR JOYCE:
I get interviews but nothing happens after that. How important do you rate following up if you don't hear anything within a week?
-- P.P.
Following up on a job opening is as important as the air you breathe.
It's harder for an employer to say "no" on the phone than to turn you down by e-mail or in a tweet. But it's easier to reach an employer using digital access. The key to effective follow-up is establishing the employer's preferred frequency and mode of checking back before you leave the interview room.
The latest job figures reveal that the number of unemployed workers for every available job rose to 5.7, up from 5.5 the month before. Think of it: nearly six job seekers for every opening. Get busy and follow up.
Cheap and Fun: New Breed of Career-Friendly Office
Joyce Lain Kennedy - Careers Now
Going out on your own when money's tighter than a tic and too many people are looking for jobs occasionally works out fine. More often, it doesn't, as illustrated by the majority of start-ups that croak before reaching their fifth birthdays. And sometimes they depart well before then.
10 Tips for When Your Unemployment Checks Stop
Joyce Lain Kennedy - Careers Now
You already know that it seems to take forever to find jobs today, an average of more than six months. When you're about to run dry on unemployment benefits, the first thing to do is find out if you've got a shot at getting them extended. Always ask for an extension! Additionally, don't allow false pride to keep you from reaching for a helping hand from government or social service agencies.
Job Hunt - Trolling Job Fairs: Good Move or Waste of Time
Joyce Lain Kennedy - Careers Now
Job Fairs account for only a small percentage of employment hires -- 3 percent to 5 percent, according to most studies -- but, hey, every opportunity counts when you're standing in the rain at midnight looking for a welcoming doorway. Here's the positives and negatives of job fairs and some tips as to how to make them useful.
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