How You Can Unlock the Secrets of the Hidden Jobs Market



The unemployment figures are daunting and the competition fierce. You can send out 100 resumes a week and still have trouble finding a job. So, where is the hidden jobs market and how can you tap into it?

Depending on your location and industry sector, anything from 60-90% of hirings are never advertised. That’s right 90%! That’s because in these hard times, firms are increasingly reluctant to pay recruiter fees. It’s also because firms are getting savvy about how they can use their own networks, both personal and online to find the perfect candidate for the role.

From the applicants perspective, since an advertised role attracts an average around 200 applications, this means that your resume will get an average of 5 seconds attention upon receipt – and yes that’s a fact proven by research.

So signing up for jobs boards, scouring firms’ advertised vacancies online and posting your resume speculatively is a really bad strategy. It might make you feel better because you are so busy, but it’s a recipe for a long and probably disappointing job search.

But there is an alternative and it means that you can be in the 90% rather than the 10%. It also means that instead of fighting against 200 others, you may very well be one of just a handful of candidates considered. Couple this with the other tactics that I have posted here and suddenly your chances of success are more like 50% instead of 0.5% - that’s right 100 times greater!

So how do you leverage your network to penetrate the hidden jobs market? Well you can start right here with this video from an NYU conference where several experts describe their experiences and provide some great tips. It’s just 10 minutes long . How many good openings could you find on the job boards in that time?

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