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Network Recruitment • Oct 11, 2023

The pros and cos of using the hidden job market

Ever wondered how jobs just fall into some people’s laps? It’s particularly frustrating when you apply for every possible position but don’t hear as much as a “Yes”, “No”, or “Thanks for your application”.

 

You may even wonder if there are any opportunities out there – or if you’re doomed to settle for a less-than-ideal job.

 

But what if there is a whole world of jobs you aren’t seeing? Jobs that aren’t advertised or posted publicly but instead filled through word-of-mouth, networking, and referrals.

 

Here’s the thing: There is a world of jobs below the surface. Hidden from most job seekers' eyes, they are accessible to those who know how to find them...

 

According to Eddy, over 85% of jobs are found through the hidden job market, which refers to jobs not advertised on career pages or social media. But accessing this market means you need to implement a few skills and strategies.

 

Benefits of the hidden job market

 

·        Less competition

Because these listings aren’t widely shared, you’ll likely be up against a few other candidates as opposed to thousands of applicants, increasing your chances of getting noticed and hired.

 

·        More jobs matching your skills and preferences

These positions may be more specific and tailored to your skills, experience, and interests – or offer more flexibility, autonomy, or growth potential. In other words, chances are higher that you’ll find a role that suits you.

 

·        Employers’ trust

Hidden jobs are often filled through referrals or recommendations, so you’ll have more credibility and trust with employers. This can help you showcase your skills and qualifications and make negotiating terms easier.

 

·        Greater variety

You can explore different industries, roles, or locations that may not be available in the open job market. For example, a job with added benefits like travel allowance, a company car, international opportunities, and study grants.

 

Challenges of the hidden job market

 

·        More effort and initiative

These jobs aren’t easy to find, so you’ll have to put more effort and time into your job search. Remember to build and maintain your network, reach out to potential employers, and follow up regularly.

 

·        More uncertainty and ambiguity

You may not know precisely what employers are looking for, what the hiring process is like, or what the status of your application is. The worst part? Dealing with possible rejection or silence from your contacts or employers.

 

·        It can be more risky

Hidden jobs aren’t necessarily regulated or verified, so you need to be careful not to fall for scams or unethical practices that could damage your career or put you in danger.

 

But where is the hidden market?

 

1.   Look within

Look for internal opportunities if you’re happy with your current company but want to change roles or departments. Many companies prefer hiring internally as it saves time and money. Connect with people on other teams and ask about open spots.

 

2.   Reach out to existing contacts

Ask friends, family, former colleagues, mentors, clients, or vendors for referrals. You can also ask them for formal introductions to their contacts.

 

3.   Join networking groups

Connect with online communities, social media groups, offline events, workshops, or seminars related to the industry or profession you’re interested in. These groups usually offer trends, insights, and opportunities, so participate in discussions.

 

4.   Join organisations

Associations, societies, clubs, or unions offer membership benefits like training courses, certifications, job boards, or newsletters that help keep you updated and relevant in your field. These organisations generally have influential people who can open doors for you.

 

5.   Stay active on social media

LinkedIn, X, Facebook, Instagram, and YouTube allow you to display your personality, portfolio, and achievements and engage with other influencers. Remember to use hashtags, keywords, or tags to optimise your profile and posts.

 

6.   Connect with recruiters

Head-hunters, staffing firms, executive search firms, and career coaches can access hidden jobs matching your skills and preferences, while giving you feedback and guidance throughout the hiring process.

 

7.   Contact employers directly

Although it seems terrifying, contacting companies directly is a proactive approach to finding potential opportunities. Research and identify companies in your preferred industry, location, and niche, and send them a compelling email that introduces yourself, explains your interest, and highlights your value proposition.

 

8.   Try volunteering

There’s little as powerful as making a positive impact while gaining experience and exposure. Volunteering opportunities can include non-profit organisations, charities, foundations, or causes that need your skills or expertise. This develops your knowledge and builds your network and reputation.

 

Want to try your hand at the hidden job market? We can help. Connect with us..

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