Tapping the Hidden Job Market

The hidden job market is a term used to describe jobs that aren’t advertised or posted online. Employers might not post jobs for a number of reasons – for example, they might be trying to save money on advertising, or they might prefer getting candidates through employee referrals.This job market might be “hidden,” but it is possible for you to find out about these jobs. You might be more likely to score a job through the hidden job market than through regular channels. Many jobs are found through networking rather than traditional job searching.

The hidden job market has several advantages for employers:

• It’s cheaper than listing jobs online or in print via a paid service.
• Some companies want to keep hiring decisions as quiet as possible, so they avoid posting jobs online. Perhaps the company is opening a new branch, for example, but does not want to share this information with the public just yet.
• Companies are more likely to get high-quality applicants from current employees, who both understand the needs of the job and have a vested interest in recommending good candidates – especially if they’ll be working with whoever gets the job.
• Employees are also motivated to give good referrals if the company offers a bonus to employees who recommend the applicant who is hired.

It is possible to find these opportunities by expanding your network connections and sharing your professional objectives. Your first step should be to make sure you’re reaching out via as many avenues as possible

Objective

• Learn the prospects of hidden job market
• Different  strategies for tapping the job market

What you will learn in this?

• Understanding the hidden job market
• The Blue ocean strategy
• The Job market
• 5 steps to tap the job market
• Other tools to tap the job market